Wall Street opens mixed and focuses once again on the direction of interest rates

Wall Street opened this Monday on mixed ground, as investors remain attentive to the direction of interest rates around the world and await this week’s meetings of the central banks of Switzerland, the United Kingdom and Norway.

Ten minutes after the trading floor opened, the Dow Jones Industrial Average fell 0.35% to 38,452 points; The selective S&P 500 fell 0.10%, to remain at 5,426 units, and the technological Nasdaq advanced a slight 0.02%, to 17,692 points.

Interest rates are once again the focus of the market this week, and in the United States traders are awaiting comments from officials of the Federal Reserve (Fed), which kept rates stable again last Wednesday.

On Sunday, Minneapolis Fed President Neel Kashkari said it was “reasonable” for the regulator to wait until December to make the first cuts.

At the corporate level, the technology giants Amazon, Alphabet and Meta fell around 1% in the early stages of the stock market, while Nvidia – the ‘pretty girl’ of Wall Street – fell 0.54%.

Microsoft, Apple and Nvidia – in this order – are now fighting for first place in the classification of companies with the highest value in the market; The three companies exceed $3 trillion in market capitalization, with such slight differences that the ‘podium’ can change at any time.

By sector, losses predominated, led by real estate (-1.04%) and public services (-0.96%), while only technology opened in green (0.49%).

Among the 30 Dow Jones stocks, the advances were led by Walt Disney (1.62%) and Apple (0.59%), and the biggest losses were for Cisco (-1.25%) and Verizon (-1.21%).

Meanwhile, the yield on the benchmark 10-year Treasury bond advanced to 4.281%.

In other markets, Texas oil (WTI) opened this Monday with a rise of 0.75%, up to $79.04 a barrel, after the International Energy Agency (IEA) revised its demand outlook downwards. world crude oil due to weak demand from China.