NEW YORK, New York.— This Friday, the activity in Wall Street opened in red numbers, when the Dow Jones Industrialsits main indicator, lost 0.06%, while investors analyze the latest business results to see how it has affected the economic slowdownawaiting the next steps of the Federal Reserve (Fed) of EE. UU.
at the opening
Ten minutes after the start of operations at the New York Stock Exchangethe Dow Jones it dropped 18.84 points, to 33,930.57 units, while the selective S&P 500 it lost 0.18% or 7.23 integers, up to 4,053.20 points.
The Market Composite Index Nasdaqwhere the main technology companies are listed, remained 0.07% or 7.61 units, up to 11,504.80 integers.
What affects the markets today?
The Fed will meet next week and is expected further moderate its interest rate hikesspecifically to a quarter of a percentage point, something that seems to have encouraged investors.
The central bank raised interest rates seven times last year in a quest for slow down economic growth to reduce inflation.
After the market closed yesterday, chipmaker Intel (-10.65%) reported a larger-than-expected quarterly loss. And today both its shares and those of its rivals in the same sector are trading lower.
This morning, before the opening bell rang, American Express (7.97%) reported that its earnings fell in the fourth quarter. However, its shares rose because the credit card company also said it plans to increase its quarterly dividend.
For its part, Chevron shares (-2.74%) were down, despite the fact that the oil company reported record annual profits last year in its results today.
The only sectors that woke up in green today were non-essential goods, communications and finance, which rose 0.51%, 0.31% and 0.08%, respectively.
Profit and loss
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 Chevron, while, at the other extreme, the largest gains were for American Express and Visa (2.98%).
In other markets, Texas oil rose at this time to $82.04 a barrel, the yield on the 10-year US bond rose to 3.533%, gold fell to $1,926 an ounce and the dollar gained ground against the euro, with a change of 1.0846.