Early Session: Wall Street opens without a clear trend; S&P down, Dow up.
On Wednesday, Wall Street opened with a mixed tone, with the Dow Jones Industrial Average, its main indicator, up 0.10%.
Ten minutes after the opening bell, the Dow Jones stood at 39,045 points, while the S&P 500 index was down 0.07% to 5,171 points.
The Nasdaq Composite index, where major technology companies are listed, declined 0.30% to 16,217 points.
In the early trading hours of the New York Stock Exchange, the three main indices saw little change, following significant gains yesterday driven by increases in technology stocks.
Before the opening bell, Bitcoin, the most widely used cryptocurrency, set a new record, surpassing $73,000, driven by the anticipated reduction in Bitcoin creation rate in April and the entry of large fund managers into the market.
In the corporate sphere, this morning saw a nearly 14% drop in Dollar Tree’s shares after the retailer reported losses in the last quarter and announced plans to close around 1,000 establishments.
Meanwhile, investors are awaiting the decision that the Federal Reserve (Fed) will make on interest rates on March 20th.
In terms of sectors, gains dominated, led by the energy sector (1.61%) and materials sector (1.16%), while the only losses were seen in the technology (-0.96%) and healthcare (-0.06%) sectors.
Among the 30 components of the Dow Jones, gains were notable for 3M (NYSE:MMM) (2.65%) and Chevron (NYSE:CVX) (1.52%), while losses were observed for McDonald’s (-2.28%) and Johnson & Johnson (NYSE:JNJ) (-1.25%).
Meanwhile, the dollar depreciated internationally in relation to the euro following positive data about the European economy.
In other news, Donald Trump was selected as the Republican nominee for the November elections in the United States, where he hopes to become president again.
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