Home » Business » Wall Street begins the second quarter of the year – 2024-04-06 02:11:23

Wall Street begins the second quarter of the year – 2024-04-06 02:11:23

Wall Street opened this Monday on mixed terrain and the Dow Jones Industrialsits main indicator, fell 0.19%, to stand at 39,733 points.

Ten minutes after the trading floor opened, the selective S&P 500 rose 0.16% to 5,262 points, while the technological Nasdaq rose 0.65% to 16,485 points.

Wall Street begins the second quarter of the year today after closing a first quarter with all-time highs for the S&P 500, which gained 10.2%, its best start to the year since 2016.

While the Dow Jones, which advanced 5.6%, achieved its best performance in the first quarter since 2021, for its part, the Nasdaq had an advance of 9.1% during the first three months of the year.

Investors are analyzing the latest personal consumption expenditure (PCE) price data – released last Friday by the Bureau of Economic Statistics– which registered an increase of 0.3% between January and February.

Analysts are also awaiting the direction of interest rates, set by the Federal Reserve (Fed).

By sector, losses predominated, led by public services (-0.91%) and the health sector (-0.65%), while communication (1.29%), technology ( 0.83%) and the non-essential goods sector (0.24%).

Among the 30 stocks in the Dow Jones, Intel (2.04%) and Microsoft (1.28%) led the gains, while the losers at this time included Amgen (-1.1%), and Nike (- 1.01%). EFE (I)

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