Wall Street closes the week on mixed ground, with a slight drop in the Dow Jones

Wall Street closed the week on mixed terrain due to a slight drop in the Dow Jonesdespite the good month of February that ended yesterday and the historical levels of the other two indicators.

He Dow Jones of Industriales, which already includes the e-commerce giant among its 30 listed companies amazonlost 0.11% weekly, while the S&P rose 0.95% cumulatively and the Nasdaq 1.74%.

It has been a week of ups and downs linked to the Economic newsto the quarterly results season that is now approaching its end and to the news related to the field of Artificial Intelligence (AI).

The price index in personal consumption expenses, a data that guides the monetary politics of the US Federal Reservestood at 2.4% year-on-year in January, two tenths below the December figure.

Regarding the labor market, new applications for unemployment benefits, another thermometer of the economic health of the country, rose compared to the previous week, up to 215,000.

According to the CME Group’s FedWatch tool, the market expects the central bank to begin lowering rates in June, three months later than they estimated at the beginning of the year.

The latest quarterly results of technology companies have continued to confirm that the sector is in prosperity due to the “boom” of AIfor example in the case of the computer manufacturer Dell.

Dell closes the week with a cumulative value increase of almost 38% after reporting a good quarter helped by the increase in demand for its servers suitable for AI technologies.

In the oil market, a barrel of Texas has appreciated close to 4% accumulated and is close to US$80, pressured again by the conflict in Gaza and its broader ramifications in the Middle East.

The resurgence of bitcoin has also highlighted, which reached US$64,000 this Wednesday, a level close to its last record in November 2021, although it now oscillates around US$62,000.