New York, November 15 (EFE). Wall Street closed on Monday with slight losses, and its main index, the Dow Jones Industrialists, fell 0.04%, with investors continuing to worry about the October inflation data announced last week, the highest in decades.
At the end of the session on the New York Stock Exchange, the Dow Jones Industrial Average fell by 12.86 points to 36,087.45 points. While the selective S&P 500 index remained unchanged despite losing 0.05 units, and settled at 4,682.80.
The Nasdaq, which includes the most important technology companies, also fell slightly, in its case, by 0.04%, or 7.11 integers, to 15853.85.
According to analysts, the market has remained practically flat today with an eye on the results to be announced this week by the largest retail chains such as Target, Walmart, Home Depot or Lowe’s.
Also weighing on investor sentiment was the figure of 4.4 million workers who voluntarily left their jobs in September, its highest level ever, and consumer confidence dropping to its lowest level in a decade in November.
Although the morning started in the green, apparently in response to the buying activity to take advantage of the lower prices due to the decline that occurred last week, the indicators were one after the other moving into the red zone, although no significant losses were recorded.
High inflation in October, the highest in decades, prompted many investors to seek refuge in gold, which in recent days reached its highest price in five months.
“We see investors saying, ‘Well, this inflation could be a little bit more solid, so we need to add precious metals,'” TIAA President Chris Gaffney was quoted by the Wall Street Journal as saying.
Similarly, the dollar, which is considered another safe haven, also recorded 16-month highs.
By sectors, profits were topped by utilities (1.31%), energy (0.83%), real estate (0.48%) and basic commodities (0.48%), while it closed in red, health (-0.63), and raw materials. Materials (-0.45%), technology (-0.12%) and non-essential goods (-0.03%).
Among the 30 companies listed on Dow Jones, Boeing led profits by 5.49%, after the airline giant announced that Saudi Arabia will use the company’s services to enhance and improve its fleet.
It was followed by Chevron (2.27%), McDonald’s (0.91%) and Cisco Systems (0.79%), while the largest losses were UnitedHealth (-1.78%), Amgen (-1.06%) and Johnson & Johnson (- 0.9%).
In other markets, the price of Texas oil rose to $80.88 a barrel. At the close of Wall Street, gold fell to $1,865 an ounce, 10-year Treasuries were up 1.621%, and the dollar was up against the euro, with a change of 1.1362. EFE
jfu / mg
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