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Wall Street closes green, Dow Jones Industrial Average up 0.50%

This content was published on November 12, 2021 – 21:32

New York, November 12 (EFE). – Wall Street closed in green on Friday, and its main index, the Dow Jones Industrialists, rose 0.50%, but despite this, the New York Stock Exchange recorded accumulated weekly losses due to the fear of this happening, the high rate of inflation in the United States

At the end of the session on the New York Stock Exchange, the Dow Jones Industrial Average rose 179.08 points to 36,100.31 points. While the selective S&P 500 Index rose 0.72%, or 33.58 units, to stand at 4,682.85.

The Nasdaq, which brings together the most important technology companies, also rose in its case, by 1%, or 156.68 whole numbers, to 15,860.96.

According to analysts, the good day for the New York stock market is the result of the “bounce” effect after losses recorded throughout the week, according to the head of market strategy at Crossmark Global Investments, Victoria Fernandez.

“We’re starting to see a rise in supply chain anxiety. We’ll have more information on that next week with business results for companies like Walmart or Target,” Fernandez said, referring to large retail chains from the United States.

Wall Street was also boosted by Johnson & Johnson, whose shares rose 1.20% after the company announced its split, which led to the emergence of two listed companies dedicated, on the one hand, to consumer products, and on the other hand, to pharmaceuticals and medical devices.

However, New York stock posted accumulated losses Monday through Friday for the first time in six weeks, with the Dow Jones down 0.63%, the S&P 500 down 0.31% and the Nasdaq down 0.69%.

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By sectors, the majority ended with gains, led by telecommunications (1.68%), technology (1.19%), industry (0.81%) and raw materials (0.71%), while only energy (-0.26) and public services (-0.18%) are in red.

Gains were led among 30 companies listed on Dow Jones 3M (1.94%), Apple (1.43%) and Home Depot (1.36%), while the biggest losses were for Walt Disney (-1.55%), IBM (-1.09). %) Walmart (-0.50%).

In other markets, Texas oil fell to $80.79 a barrel. At the close of Wall Street, gold was at $1,867.50 an ounce, 10-year Treasuries were up 1.572%, and the dollar was up against the euro, with a change of 1.1441. EFE

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