Wall Street closes mixed but reaps weekly profit due to progress in trade By EFE

© Reuters. Wall Street closes mixed but reaps weekly profit on trade progress

New York, Sept. 6 (.) .- Wall Street closed this Friday's session on mixed ground but reaped weekly earnings, still encouraged by the scheduled US-China meeting in early October to seek a solution to the trade war that They keep for months.

At the end of the operations in the New York Stock Exchange, the Jones of Industriales, its main indicator, rose 0.26% or 69.31 points, to 26,797.46 integers, while the selective S&P 500 rebounded a slight 0, 09% or 2.71 points, up to 2,978.71.

The composite index of the Nasdaq market, in which the main technological companies are listed, was the only one in red, with a decrease of 0.17% or 13.75 points, standing at 8,103.07.

In that sense, the technological sectors (-0.15%) and communications (-0.23%) decreased, but most sectors recorded progress, led by the energy sector (0.52%) and the the basic materials (0.48%).

In the whole of the week, the Dow has revalued 1.49%, the S&P 500 1.79% and the Nasdaq 1.76%.

The New York parquet went through a positive, but not buoyant, day, taking advantage of the optimism generated by the announcement on Thursday that Chinese and US negotiators had spoken by telephone and arranged a meeting.

Advances in trade allowed investors to overcome data perceived as lax about the US labor market, which added 130,000 new positions in August, the Labor Department reported today.

The unemployment rate remained at 3.7%, close to full employment, but analysts expected a higher number of new positions. In the last 12 months, wages increased by 3.2%, one tenth less than what was recorded last month.

Wall Street closely observes these data pending the Federal Reserve (Fed) to pronounce on monetary policy at the end of this month, between press releases that the central bank could issue a further reduction in interest rates.

Fed Chairman Jerome Powell said in Switzerland today that according to the latest data the economy continues to grow moderately and the labor market is strong, although there are "significant" risks that the institution is monitoring.

Among the 30 listed on the Dow Jones, Intel's advances (NASDAQ 🙂 (1.64%) stood out, Home depot (NYSE 🙂 (1.31%), Exxon Mobil (NYSE 🙂 (0.94%), Cisco (NASDAQ 🙂 (0.87%), Verizon (NYSE 🙂 (0.80%) and Boeing (NYSE 🙂 (0.75%).

A third of the firms closed the red, with the biggest losses for Microsoft (NASDAQ 🙂 (-0.68%) and Walmart (NYSE 🙂 (0.62%).

In other markets, Texas intermediate oil rose 0.4% and closed at $ 56.52; and at the close of Wall Street, gold fell to $ 1,513.70 an ounce, the yield of the 10-year Treasury bond dropped to 1,557% and the dollar revalued against the euro, with a change of 1,1027.