Wall Street closes mixed and the Dow Jones rises 0.17%

Wall Street closed this Tuesday in mixed territory and its main indicator, the Dow Jones, rose 0.17% in a day marked by new signs of prudence from the Federal Reserve.

At the close of the session, the Dow Jones stood at almost 37,799 points, boosted by UnitedHealth (5.2%), which reported quarterly losses due to a cyber attack but also a well-received 9% increase in revenue.

The S&P 500 fell 0.21%, to 5,051 units, and the Nasdaq 0.12%, to 15,865 points.

The Chairman of the Federal Reserve (Fed), Jerome Powell, said this Tuesday that the recent increases in inflation, in February and Marchdo not suggest that it is under control or on track to the central bank’s goal.

“We will need greater confidence that inflation is moving sustainably toward 2% before it is appropriate to ease policy,” Powell said, reiterating his “cautious” approach to managing interest rates.

After this new splash of cold water on expectations of a rate cut, which seems increasingly distant, the yields on ten-year Treasury bonds touched 4.7%.

Other than that, The market reacted to the quarterly results of the financial companies Bank of America, which fell 3.5% by reporting a drop in profits and incomeand Morgan Stanley, which rose 2.5% to beat estimates.

By sector, losses predominated and were led by real estate companies (-1.53%) and public services companies (-1.36%), while the largest gain, 0.23%, was for technology companies.

The most affected by the Dow Jones were Johnson & Johnson (-2.13%), Apple (-1.92%) and Honeywell (-1.71%).

Texas oil closed at $85.36 per barrel and, at the close of trading, gold rose to $2,404 per ounce and the euro was trading at $1.0615.