Wall Street opens in green, Dow down 0.34%

New York, December 13 (EFE). Wall Street opened in the red on Monday and its main index, the Dow Jones Industrials, fell 0.34% after a strong week in which the S&P 500 posted its best results since February.

Ten minutes after the start of the session on the New York Stock Exchange, the Dow Jones fell 122.91 points to 35,848.08 points, while the selective S&P 500 fell 0.20%, or 9.65 units, to 4,702.37.

The Nasdaq Market Composite Index, where the technology with the highest valuation is listed, fell 0.10%, or 14.87 integers, to 15,615.73.

The New York stock market opened with slight declines a week later despite the concerns voiced by Omicron, the Dow Jones Industries Index advanced weekly cumulative index 4%, the selective S&P 500 Index decreased 3.8% and the Nasdaq Composite Index declined. 3.6%.

During the strong past week, as the S&P500 index posted its best five days in a row since February, the strong rise in inflation in the US could not stand amid investor optimism, as the market seemed to expect a worse number and, on the other hand, it boosts hope for Price cap to be reached soon.

Year-on-year inflation for November rose to 6.8% – six-tenths higher than in October – the highest consumer price record in 39 years and adding to pressure on the Federal Reserve to take containment measures.

Wall Street has set its sights on the central bank’s monetary policy meeting this week, where it can lay out details of its plans to accelerate the withdrawal of stimulus and when it will start raising interest rates.

By sectors, it was energy (-1.74%) that woke up with the largest losses, followed by financial (-1.07%) and non-essential goods (-1.06%).

Among those that opened with profits, public services (0.34%), health (0.15%) and real estate (0.14%) stood out.

Among the 30 included in the Dow, Cocacola (2.51%), Salesforce (0.95%), Apple (0.49%) and Procter & Gamble (0.42%), while the hardest hit were Boeing (- 1.88%), American Express (-1.67%), International for Computers (-1.18%).

In other markets, Texas oil fell to $71.26 a barrel, gold rose to $1786.6 an ounce, Treasury yields fell to 1.45%, and the dollar increased against the euro, with a change of 1.1286.

jfu / pddp

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