Wall Street opens mixed and the Dow Jones rises 0.10%

by worldysnews
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Wall Street opened this Wednesday in mixed territory and the Dow Jones Industrial Average, its main indicator, rose 0.10% to 37,855 points, with investors awaiting the decision of the Federal Reserve (Fed, in English) on rates. of interest, which will be published this afternoon.

Eleven minutes after the trading floor opened, the selective S&P 500 fell 0.18% to 5,026 points, and the technological Nasdaq fell 0.04% to 15,652 points.

Analysts expect the central bank to keep interest rates stable, which are now at their highest range (5.25% – 5.5%) since 2001.

At the corporate level, Amazon shares rose more than 3% after reporting better-than-expected first-quarter profits, while chipmaker Advanced Micro Devices fell 7% after the publication of its results.

Super Micro Computer fell 15%, reporting revenue that did not exceed analyst expectations.

This morning, the notable falls were notable for Starbucks, which fell 15% after reporting disappointing sales in its stores, and CVS, which plummeted 18% after disappointing analysts with its results and cutting its profit forecasts.

By sector, losses predominated, led by essential goods (-0.67%) and energy (-0.53%), while raw materials (0.61%) and goods opened in green. non-essential (0.48%).

Among the Dow 30 companies, the increases in Amazon (3.22%) and Johnson & Johnson (2.67%) stood out, and the losses in Nike (-1.2%) and McDonald’s (-0.84%) stood out. .

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2024-05-02 10:33:28

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