Wall Street opens in red and the Dow Jones drops a slight 0.07%

Wall Street opened this Tuesday in red and the Dow Jones Industrial Average, its main indicator, fell a slight 0.07%, as investors evaluate the latest inflation data and analyze what the next movements in the economy may be. Federal Reserve (Fed).

Ten minutes after the trading floor opened, the Dow Jones stood at 36,378 points, and the selective S&P 500 fell 0.30% to 4,608 points.

For its part, the Nasdaq market composite index, in which large technology companies are listed, fell 0.19%, to 14,404 points.

The inflation rate in the United States has continued to moderate and stood at 3.1% in November, one tenth below that of October, according to data published this Tuesday by the country’s Bureau of Labor Statistics (BLS).

In monthly terms, consumer prices rose only 0.1% compared to October, mainly due to the drop in energy prices.

The inflation data is significant on this day in which the Federal Reserve begins the two-day meeting of its open market committee after which it must decide on interest rates.

By sector, the only increase was for raw materials, which gained 0.28%; while the greatest losses were for energy and public services, which fell by 1.54% and 0.81%, respectively.

Among the 30 Dow Jones stocks, the biggest increases were for Amgen (0.96%) and Honeywell (0.51%), and the losses of Intel (-1.5%) and Chevron (-1.36%) stood out. .