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Indicators: Wall Street opens in the red and the Dow Jones rises 0.06%

Ruetir by Ruetir
January 27, 2023
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Indicators: Wall Street opens in the red and the Dow Jones rises 0.06%
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Wall Street opened this Friday in red and the Dow Jones Industrials, its main indicator, lost 0.06%when investors analyze the latest business results to see how the economic slowdown has affected them and await the next steps from the US Federal Reserve (Fed).

Ten minutes after the start of trading on the New York Stock Exchange, the Dow Jones fell 18.84 points, up to 33 thousand 930.57 unitswhile the selective S&P 500 lost 0.18% or 7.23 integers, up to 4,053.20 points.

The composite index of the Nasdaq market, where the main technology companies are listed, 0.07% or 7.61 units remained, up to 11 thousand 504.80 integers.

The Fed will meet next week and it is expected to further moderate its interest rate hikesspecifically to a quarter of a percentage point, something that seems to have encouraged investors.

The only sectors that dawned in green today were non-essential goods, communications and financeor, which rose 0.51%, 0.31% and 0.08%, respectively. While the greatest losses were for energy and raw materials, which fell by 0.89% and 0.6% respectively.

Among the 30 Dow Jones stocks, the most affected companies were Intel and Chevronwhile, at the other extreme, the largest gains were for American Express and Visa (2.98 percent).

JM

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