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Wall Street but mixed and Dow gains and 0.50% pending Ukraine

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New York, March 14 (EFE) .- Wall Street opened this Monday in mixed terrain and the Dow Jones Industrials, its main indicator, advanced 0.50%, with investors pending possible progress in the negotiations between Russia and Ukraine and a possible interest rate hike by the US Federal Reserve (Fed).

Fifteen minutes after trading began on the New York Stock Exchange, the Dow was up 166.29 points to 33,110.48, while the S&P 500 was up 10.09, or 0.24%, to 4,214.40.

For its part, the Nasdaq market composite index lost 0.10% or 12.89 units and stands at 12,830.91.

Wall Street thus continued with the volatility of recent weeks that began with the invasion of Ukraine by Russian forces, although talks between the two countries, which continue on Monday, are expected to lead to a ceasefire.

However, in recent days, Russian forces have continued to bombard several cities in Ukraine, leading to the death of numerous civilians, while harsh economic sanctions imposed on Russia are expected to begin to take effect in the country.

After a significant rise, the price of crude oil began the week with a notable drop of 4.5% to 104.40, given the possibility of a ceasefire in Ukraine and after announcing the confinement of millions of people in China with the increase in coronavirus cases.

“The recent movements in commodity prices are extreme, and if these movements occur over a prolonged period, the economic damage could be significant,” said JP Morgan representative Mislav Matejka.

By sectors, energy (-3.72%), telecommunications (-0.83%), technology (-0.36%) and non-essential consumer goods (-0. 27%).

On the other side of the table, the advances were led by the financial sector (1.79%), the health sector (1.6%) and essential consumer goods (0.62%).

Among the thirty stocks of the Dow Jones, the gains of American Express (3.40%), Visa (2.82%) and Johnson & Johnson (2.08%) stand out, while Chevron led the declines (-2.50%). ), Apple (-1.22%) and Dow (-1.12%).

In other markets, gold fell to 1,958.40 dollars per ounce, the yield on the 10-year Treasury bond amounted to 2.103% and the dollar fell against the euro, with an exchange rate of 1.0946.

c) EFE Agency

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