NEW YORK, New York.- This Monday, the day on Wall Street opened in mixed territory, while investors remain attentive to the direction of the interest rates around the world and await this week’s meetings of the central banks of Switzerland, the United Kingdom and Norway.
At the opening
Ten minutes following the opening of the New York Stock Exchangehe Dow Jones Industrial Average fell 0.35% to 38,452 points; the selective S&P 500 fell 0.10% to 5,426 units, and the technology Nasdaq advanced a slight 0.02%, to 17,692 points.
What is affecting the markets today?
Interest rates are back in the market spotlight this week, with U.S. traders awaiting comments from Fed officials. Federal Reserve (Fed), which once more kept rates stable last Wednesday.
On Sunday, Fed President in Minneapolis, Neel Kashkarisaid it was “reasonable” for the regulator to wait until December to make the first cuts.
On the corporate front, tech giants Amazon, Alphabet and Meta were down around 1% in early trading, while Wall Street’s darling Nvidia was down 0.54%.
Microsoft, Apple and Nvidia – in that order – are now competing for the top spot in the ranking of the most valuable companies on the market; the three companies exceed 3 trillion dollars in market capitalization, with such slight differences that the ‘podium’ might change at any time.
By sectors
Losses predominated, led by real estate (-1.04%) and public services (-0.96%), while only technology opened in the green (0.49%).
Among the 30 Dow Jones stocks, gains 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 rose to 4.281%.
In other markets, the Texas oil (WTI) opened this Monday with a rise of 0.75%, to 79.04 dollars a barrel, following the International Energy Agency (IEA) will revise down its outlook for global crude oil demand due to weak demand from China.
You may also like: “Dollar price today, Monday, June 17, 2024”
Related news
#Wall #Street #opened #mixed #Dow #Jones #lost
2024-07-06 21:17:12
