GlobalWall Street opens in green and the Dow Jones rises 0.46%

Wall Street opens in green and the Dow Jones rises 0.46%

New York, Nov 3 (EFE).- Wall Street opened this Friday in green and the Dow Jones Industrial Average, its main indicator, rose 0.46%, as investors analyze the latest unemployment data.

Ten minutes after the start of operations on the New York Stock Exchange, the Dow Jones stood at 33,994 points and the selective S&P 500 added 0.65%, up to 4,345.

For its part, the Nasdaq market composite index, in which the main technology companies are listed, added 0.58%, up to 13,371 integers.

Both the S&P 500 and the Nasdaq could close the day with weekly increases not seen since November 2022.

The unemployment rate in the United States rose one tenth in October and stood at 3.9%, according to data published this Friday by the Bureau of Labor Statistics (BLS).

The net creation of new jobs slowed considerably with 150,000 new positions, 147,000 less than those generated a month earlier. This figure is well below the average monthly increase, which is 258,000 jobs.

Meanwhile, Friday’s October jobs report was weaker than expectations, showing that the US Federal Reserve’s (Fed) attempt to cool the economy and quell inflation could be working.

Today Apple shares lost 1.95% after the iPhone maker reported yesterday in its corporate results that it had lower revenue prospects for the December quarter.

By sectors, green reigned and the greatest gains were for real estate and public services, which rose 2.75% and 1.48%, respectively; while the only sectors in red were energy and technology, with a drop of 0.28% and 0.05%.

Among the 30 Dow Jones stocks, gains also predominated and the biggest increases were for Goldman Sachs (2.61%) and Walgreens (1.98%); while the biggest losses were for Apple and UnitedHealth (-1.02%).

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