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Wall Street opens in red and the Dow Jones falls 0.39%

Wall Street opened this Monday in red and the Dow Jones Industrial Average, its main indicator, fell 0.39%.

Ten minutes after the trading floor opened, the Dow Jones stood at 39,935 points, and the selective S&P 500 fell 0.13% to 5,130 points.

The composite index of the Nasdaq market, where the main technology companies are listed, fell 0.11%, to 16,257 units.

Last week, the Dow Jones Industrial Average lost 0.11% weekly, while the S&P rose a cumulative 0.95% and the Nasdaq rose 1.74%.

Apple shares fell 2.33% after the European Commission (EC) announced this Monday a fine of 1,840 million euros on the technology giant for imposing restrictions on competitors of its streaming music service from the App Store. , such as Spotify, which effectively prevented them from informing iPhone and iPad users about cheaper music subscription options outside of the app.

For its part, the shares of the American airline JetBlue rose 2.01% after its announcement this Monday of giving up the purchase of the low-cost company Spirit, whose shares fell 10.83%, a project that began in 2022 and ran into opposition from the Department of Justice for violating antitrust laws.

Bitcoin, the most used cryptocurrency, rose 5.17% today, thus exceeding $66,000 in a context of greater demand after the approval of ETFs (traded funds) linked to spot Bitcoin and the doors of a new ‘halving’ (halving the reward per mined block).

By sector, losses predominated, led by the communications sector (-1.32%) and real estate (-0.71%), while the sectors with the most gains were raw materials (0.4%) and the industrial (0.36%).

Among the 30 Dow Jones stocks, the biggest advances were for IBM (1.72%) and Goldman Sachs (1.6%), and the most affected were Apple and Chevron (-2.27%).

Source: Elcomercio

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