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Wall Street opens in red and the Dow Jones falls 0.04%

Wall Street opens in red and the Dow Jones falls 0.04%

Wall Street opens in red and the Dow Jones falls 0.04%

Wall Street opened this Tuesday in red and the Dow Jones Industrial Average, its main indicator, fell 0.04%, in contrast to the positive streak recorded throughout November.

Ten minutes after the start of operations on the New York Stock Exchange, the Dow Jones stood at 35,360 points, and the selective S&P 500 fell 0.15%, to 4,554 points.

For its part, the Nasdaq market composite index, in which large technology companies are listed, fell 0.14%, up to 15,986 points.

“Stocks appear to be paused after strong November returns and in anticipation of Christmas spending trends,” US Bank Wealth Management head of equities Terry Sandven told CNBC.

The economic portal highlighted yesterday that the interest rate increases by the Federal Reserve (Fed) are beginning to “weigh” on the economy and could bring declines in Christmas sales.

In this sense, the forecasts of the National Retail Federation, which cover until the end of December, show a more moderate growth in sales compared to previous years, of 3 to 4%.

On the other hand, analysts are awaiting the statements that the president of the Chicago Federal Reserve, Austan Goolsbee, and the bank’s leaders, Cristopher Waller and Michelle Bowman, will give throughout the day.

Similarly, they are also awaiting data on house prices and consumer confidence, which will be released today.

By sector, losses predominated, especially in health companies (-0.64%), the industrial sector (-0.58%) and the communication sector (-0.48%), and the increases in the sector stood out. real estate (0.38%), consumer (0.19%) and public services (0.09%)

Among the 30 Dow Jones values, the losses of Walgreens (-3.55%), and Walt Disney (-0.93%), and the increases of Microsoft (0.85%) and 3M (0.8%) stood out. .

Source: Elcomercio

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