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Monday, October 2, 2023

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Wall Street closes with gains and the Dow Jones rises by 0.25%

 New York, .- Wall Street closed Monday with gains and the Industrial Dow Jones, its main indicator, rose 0.25% despite the declines of Boeing and Facebook, with markets waiting for the next meeting of the Federal Reserve .

At the end of the session on the New York Stock Exchange, the Dow Jones added 65.23 points, to 25,914.10, while the selective S & P 500 advanced 0.37% or 10.46 units, to 2,832, 94
The Nasdaq composite index, which groups the main technological groups, advanced 0.34% or 25.95 points, to 7,714.48 whole.

Most sectors rose, led by energy (1.39%), non-essential goods (1.05%) and financial (1.03%), while communications (- 0.80%) and real estate (-0.51%).

The New York parquet remained green almost all day, despite brief incursions of the Dow Jones and the Nasdaq in negative territory.
The market overcame the losses of large corporations such as Boeing and Facebook thanks to the momentum of other firms and the expectation of the Federal Reserve meeting this week, among other issues.

Boeing was the most affected company in the Dow Jones group, with a drop of 1.80%, after the scrutiny that is being submitted by the US authorities for the second accident of a Boeing 737 MAX 8 aircraft in less than half year, occurred on March 10 in Ethiopia.

Another protagonist of the session was Facebook, which fell 3.32% on the Nasdaq after analysts downgraded its stock market appeal for its treatment of privacy and encrypted messages, as well as for possible greater regulatory control.

However, investors bet on purchases while waiting for the monetary policy meeting held by the Federal Reserve on Tuesday, which does not expect a further rise in interest rates, and progress in the trade negotiations between Washington and Beijing.

The group of 30 listed Dow Jones boosted earnings Apple (1.02%), one of the largest companies in the market, among others as Goldman Sachs (2.18%), UnitedHealth (1.43%), Microsoft ( 1.39%), Walmart (1.34%), Exxon Mobil (1.21%), Nike (1.16%) and Caterpillar (1.07%).

In other markets, Texas oil rose to $ 59.09 a barrel and, at the close of Wall Street, gold rebounded to $ 1,303.40 an ounce, the yield of the 10-year Treasury bond rose to 2.601% and the dollar lost ground against the euro, with a change of 1,1339. (EFEUSA)

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