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Wall Street opens in green and the Dow Jones rises 0.03% this Tuesday, April 9

Wall Street It opened this Tuesday in green and the Dow Jones Industrial Average, its main indicator, rose a slight 0.03%, to 38,906 points, while investors await new data on inflation.

Fifteen minutes after the trading floor opened, the selective S&P 500 rose 0.27%, to remain at 5,216 points, and the technological Nasdaq It rose 0.52%, at 16,338 integers.

This week, investors await the publication of the Consumer price index (CPI) looking for more clues about the date on which the expected rate cuts from the Federal Reserve (Fed) will occur.

“If the CPI is a surprise and continues to revalue inflation expectations, that’s where it becomes dangerous for stocks,” told CNBC Anastasia Amoroso, chief investment strategist of the firm iCapital.

At the business level, the actions of AlphabetGoogle’s parent company, rose more than 1% after announcing at a conference a new chip based on Arm technology, which will be available at the end of the year, according to CNBC.

On the other hand, the 10-year bond yield fell this morning to 4.38%.

By sector, gains predominated, led by communication (0.64%) and real estate (0.54%), while the only losses were for financial (-0.26%) and industrial (-0. .09%).

In the Dow 30 index, the rise of Cisco (0.95%) and Dow (0.78%) stood out, while the biggest losses were for Intel (-1.12%) and JPMorgan (-0.92% ).


EFE Agency

Agencia EFE is a Spanish international news agency that distributes information to more than two thousand media outlets around the world in the written press, radio, television and internet. It has a network with more than three thousand journalists of 60 nationalities. It operates 24 hours a day from at least 180 cities in 110 countries.

Source: Elcomercio

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