Wall Street closes in the red and the Dow Jones falls 0.42% in a negative week

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Wall Street closes in the red and the Dow Jones falls 0.42% in a negative week

New York, Jul 30 (EFE) .- Wall Street closed in red this Friday and its main indicator, the Dow Jones of Industrialists, fell 0.42%, putting the clasp to a negative week and a positive month.

According to data at the close of operations on the New York Stock Exchange, the Dow Jones of Industriales subtracted 149.06 points, to 34,935.47; and the selective S&P 500 fell 0.54% or 23.89 units, to 4,395.26.

The Nasdaq market composite index fell 0.71% or 105.59 whole, to 14,672.68.

The week as a whole leaves losses of 0.4% for the Dow Jones and the S&P 500, and a decrease of 1.1% for the Nasdaq.

Despite everything, Wall Street bids farewell to July, although it has been marked by volatility due to the spread of the delta variant of the coronavirus and the stagnation in vaccines.

The Dow Jones was up 1.3% accumulated in July, the S&P 500 2.3% and the Nasdaq 1.2%.

The New York stock market received a key indicator of inflation in the US, the price index for personal consumption cats, which rose 3.5% in June in annual rate, remaining slightly below expectations.

This data was added to others along the same lines published the day before: the economic growth rate for the quarter, which was lower than expected, 6.5%; and the weekly volume of applications for unemployment benefits, which was higher, 400,000.

According to analysts, although they all reflect the progress of the recovery after the COVID-19 pandemic, they also reaffirm that there is still a way to go and offer arguments for the accommodative policy that the Federal Reserve has advocated for now.

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