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New York Stock Exchange closes mixed after election euphoria and unsurprising inflation data

New York, November 13 (EFE).- The New York Stock Exchange closed today on mixed ground, the euphoria has passed a week before the presidential elections, and after the release of the new inflation data that was not surprise

Therefore, the Nasdaq technology took a turn, after starting operations in the green and fell 0.26% to 19,230 integers, while the Dow Jones industrial average rose 0.11%, to 44,958 points; and the S&P 500 advanced 0.02%, up 5,985 units.

Last week the Dow closed above 44,000 points for the first time. The S&P 500 also had its first close above 6,000, but did not get short today.

The Bureau of Labor Statistics reported today that the inflation rate rose two-tenths in October in the US to stand at 2.6%, an increase that breaks the streak of six consecutive months of decline. .

The Federal Reserve (Fed) last week announced a drop in interest rates by a quarter point, the second consecutive drop since September, thus putting the reference rate in a range of 4.5 % to 4.75%, as the experts expected.

It is doubtful that he will reduce it again at his next meeting in December.

“It’s time to stop worrying about the Fed and inflation,” David Russell, head of global market strategy at TradeStation, told CNBC.

“Stocks have been on autopilot since the election and today’s numbers do not affect the trend at all. A cut (rate) is still to be seen in December,” he said.

By sector, the biggest losses were driven by communications, with (-0.57%), followed by technology (-0.37%), while the gains were for non-essential goods (1.14%), energy (0.84%) and real estate (0.73%).

Among the listed Dow 30 companies, the biggest losses were for Boeing (-3.58%), Caterpillar (-1.51), UnitedHealth (-1.43%) and Nvidia (-1.36%) for Amazon (2.48%), Chevron (2.21 %). ), Verizon (1.83%) and Home Depot (1.76%).

In other markets, the price of Texas Intermediate (WTI) oil rose to $68.43 a barrel, the 10-year bond yield rose to 4.451%, gold fell to $2,580 an ounce and the euro traded at 1 .0565 dollar. EFE

(Photo)

2024-11-13 22:32:00
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