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Wall Street opens in green and the Dow Jones rises 0.27%

Wall Street opens in green and the Dow Jones rises 0.27%

Wall Street opens in green and the Dow Jones rises 0.27%

The Wall Street stock market opened this Wednesday in red and the Dow Jones Industrial Average, its main indicator, rose 0.27%, reaching 35,184 points.

As soon as operations began on the New York Stock Exchange, the Dow Jones gained 96.25 points, and the selective S&P 500 rose 0.45%, up to 4,559 points.

For its part, the Nasdaq composite market index, in which large technology companies are listed, was the one that rose the most, 0.80%, up to 14,314 points.

As for the 10-year Treasury bond, it falls today to its lowest level in two months, with a decrease of 2 basis points, to 4.394%, and the 30-year bond similarly falls, to 4.54% .

In this shorter week due to the Thanksgiving holiday – there is no session on Thursday and a short session on Friday – movements are scarcer than usual on the New York Stock Exchange.

The main factor that encourages the stock market today is the communication yesterday of the minutes of the last meeting of the Federal Reserve (Fed), in which it was clear that the restrictive path will continue to be the norm for some time and there will be no lowering of rates of interest.

Another moment that investors are waiting for is the behavior of consumption on Black Friday next Friday, one of the “peaks” of retail sales – in store or online – of the entire year.

The results reported yesterday by the chip manufacturer Nvidia, although positive, do not seem to have convinced investors, and today its shares fell 0.43%.

By sector, the fall in energy (-1.75%) stood out, after the collapse of Texas and Brent oil prices, and the gains in communications (1.28%) and technology (1.18%).

Among the 30 stocks in the Dow Jones, green numbers dominate, and the main gains are those of Intel (2.14%), Microsoft (1.55%) and Amgen (1.06%).

Source: Elcomercio

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