Home » Business » Wall Street opens in red; inflation data expected – 2024-03-02 14:27:30

Wall Street opens in red; inflation data expected – 2024-03-02 14:27:30

Barclays stock traders at the New York Stock Exchange. (AP Photo/Mark Lennihan)

Wall Street opened this Tuesday in red and the Dow Jones Industrialsits main indicator, fell 0.27%, when investors have their eyes on the new data from inflation which will be published at the end of this week.

Ten minutes after the trading floor opened, the Dow Jones stood at 38,962 points, and the selective S&P 500 fell 0.06% to 5,066 points.

The composite index of the Nasdaq market, where the main technology companies are listed, fell 0.06%, to 15,966 units.

The Secretary of the Treasury of the United States, Janet Yellenruled out this Tuesday that the country’s economy is going to enter a recession and assured that the prospects for this year are “good”, with inflation falling and the unemployment rate around 4%.

At a press conference in the Brazilian city of São PauloPrior to her participation in the meeting of finance ministers of the G20 countries, Yellen highlighted the “resilience” of her country, which in her opinion is doing “extraordinarily well” in the economic field.

Janet Yellen, Secretary of the Treasury of the United States.

Investors await the publication this Thursday of the personal consumption expenditure (PCE) price index, a key data for the next decisions of the Federal Reserve US (Fed)

On the other hand, the cryptocurrency Bitcoinreached $57,000 in the early hours of Tuesday, a value it had not recorded since the end of 2021.

By sector, the gains were led by public services (0.85%) and real estate (0.68%), while the largest losses were for technology (-0.52%) and healthcare (-0.28%). %).

Among the 30 Dow Jones stocks, the biggest advances were for Goldman Sachs (0.78%) and Walt Disney (0.74%), and the most affected were Amgen (-2.64%) and Chevron (-2. 1 %). EFE (I)

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