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Monday, June 24, 2024

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Wall Street opens with gains and the Dow Jones climbed 1.13%

 York, Wall Street opened this Friday with gains and the Dow Jones Industrial, its main indicator, rose 1.13% to rekindle the mood that trade negotiations between the US. and China comes to fruition.

Half an hour after the start of operations, the Dow Jones added 286.33 points, up to 25.725.72 whole, and the selective S & P 500 advanced 0.75% or 20.69 units, up to 2766.42.

On the other hand, the composite index of the Nasdaq market, where the main technological groups are trading, progressed a timid 0.31% or 22.91 points, up to 7,449.86.

All sectors were on track and the biggest increases were for the financial sector, 1.44%, basic materials, 1.24%, and energy, 1.15%.

The New York parquet closed this Thursday mixed, with declines in the Dow and the S & P 500 due to data on retail sales and the job market, which were worse than expected, but today the markets returned to find the course.

The trade negotiations between the two largest economies in the world, which have been locked in a tariff war for months, were another reason for hope among investors, who expect their leaders to reach a pact before March.

The third round of talks ended today in Beijing with “significant progress”, according to Chinese President Xi Jinping, who according to official information wants both parties to reach a “mutually beneficial” agreement in a forthcoming round of talks, which It will be held next week in Washington.
In the group of the 30 listed companies of the Dow Jones, green predominated, except for Apple (-0.24%), and the promotions of United Technologies (2.34%), JPMorgan (2.25%), Walgreens ( 1.90%), DowDuPont (1.84%) and Home Depot (1.85%).

In other markets, Texas oil rose to $ 55.34 a barrel, gold rose to $ 1,320.10 an ounce, the yield on the 10-year Treasury bond rose to 2.688% and the dollar gained ground against the dollar. euro, with a change of 1,1273. (EFEUSA) .-

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