Wall Street opens mixed and the Dow Jones rises 0.27%

Wall Street opened this Wednesday in mixed territory and the Dow Jones Industrial Average, its main indicator, rose 0.27%, with investors awaiting the decision on interest rates from the US Federal Reserve (Fed).

Ten minutes after the trading floor opened, the Dow Jones stood at 38,573 points, and the selective S&P 500 fell 0.47%, to 4,902 points.

The Nasdaq composite market index, in which large technology companies are listed, fell 1.08%, to 15,343 units, despite the fact that yesterday both Microsoft and Alphabet (Google’s parent company) published better-than-expected financial results.

This afternoon, the Fed will announce a new decision on interest rates and give clues about the direction its monetary policy will take in the coming months.

Most investors consider it almost certain that the central bank will keep the official interest rate at its current range, between 5.25 and 5.5%, according to the CME Group’s FedWatch tool.

Still, there are doubts about how quickly regulators will begin to lower rates, and whether the tone of Fed Chairman Jerome Powell at the press conference that will follow the announcement of the decision is more conservative than expected. expected, markets could suffer.

The round of financial results also continues. Today, Boeing and Mastercard released their data for fiscal 2023 and the latest quarter.

The aeronautical company continues to cut its losses, although it did not offer projections for 2024, amid uncertainty due to the incident with one of its 737 MAX 9 aircraft, which lost part of the fuselage in mid-flight.

All in all, its shares led the rise of the Dow Jones and grew by 3.1%.

Tomorrow Amazon, Apple and Meta (formerly Facebook) will publish results.

By sector, early in the morning the gains in healthcare stood out, which rose 0.7%. The largest losses were for the communications sector (-3.28%) and the technology sector (-0.96%).

Among the 30 Dow Jones stocks, in addition to Boeing, the advances of UnitedHealth (1.03%) and Walmart (1.01%) stood out, while in the red the declines of Cisco (-1.94%) and Apple (-1.04%).