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Wall Street opens in green and the Dow Jones rises 0.17%

Wall Street opens in green and the Dow Jones rises 0.17%

Wall Street opens in green and the Dow Jones rises 0.17%

Wall Street opened this Tuesday in green and the Dow Jones Industrial Average, its main indicator, rose 0.17%, prolonging its recent rise driven after the Federal Reserve meeting last week.

Ten minutes after the trading floor opened, the Dow Jones stood at 37,370 points, and the selective S&P 500 rose 0.20% to 4,749 points.

For its part, the Nasdaq market composite index, in which large technology companies are listed, rose 0.33%, up to 14,954 points.

Stock futures extend their streak of gains after the Federal Reserve (Fed) kept interest rates stable and announced that in 2024 there could be up to three rate cuts, although the cooling of inflation and the cooling of inflation also influence the bullish values. the fall in Treasury bond yields, according to CNBC.

In his daily report “The Seven Reports”, analyst Tom Essaye notes that investors are now digesting the decision by the Central Bank of Japan to keep short-term interest rates at -0.1% and the latest data from Eurostat , which show that the annual inflation rate in the eurozone fell to 2.4%.

On the other hand, Treasury bond yields fell this Tuesday to 3.914%

By sector, gains predominated, led by the communication sector (0.83%) and raw materials (0.64%), while the only sector with losses was the technology sector, which fell a slight 0.01%.

Among the 30 Dow Jones stocks, the biggest increases were for Boeing (1.14%) and Nike (1.06%), and the losses of UnitedHealth (-0.58%) and International Business Machines (-0. 53%).

Source: Elcomercio

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