Wall Street closed the week with accumulated losses in the Dow Jones Industrial Average, but with gains in the S&P 500 and the Nasdaq, which registered new records.
After the mixed day this Friday, the Dow Jones accumulated a weekly decrease of 0.60% and stood at 44,642 units, the S&P 500 gained 0.96% to 6,090 points, and the Nasdaq rose 3.34% to 19,859 points.
Investors have focused on the latest data on the US economic health to analyze the next steps of the Federal Reserve (Fed) in the new cycle of interest rate cuts.
This Friday, the Bureau of Labor Statistics (BLS) published that job creation recovered in November with the addition of 227,000 new positions, a figure higher than expected.
The analysis firm Charles Schwab said this Friday in a note that, after these data, market expectations are for a cut of 25 basis points in the next meeting this month.
Fed Chairman Jerome Powell assured on Wednesday that the economy is strong enough to prudently approach rate cuts.
With the door open to a new cut, the yield on the 10-year Treasury bond fell at the end of the week to 4.15% after reaching a peak of 4.28% on Wednesday.
Despite everything, analysts predict that the Fed will consider many campaign promises of the second Trump administration to be inflationary, which could lead it to slow down the monetary cycle.
Bitcoin managed to reach $100,000 on Wednesday, supported by the candidacy of pro-cryptocurrency businessman Paul Atkins to chair the Securities and Exchange Commission, and today it was trading at 101,200.
Read: Peso spins four sessions this Friday with appreciations
One of the winning sectors of the week is non-essential goods (4.5%), favored by the discount days on ‘Black Friday’ and ‘Cyber Monday’, and also technology (4.2%), according to the American asset management company Fidelity.
At the corporate level, the insurer UnitedHealth Group loses 9.9% weekly after the murder of its executive director of the medical services division, Brian Thompson, outside a hotel in New York last Wednesday.
In other markets, Texas oil fell 2% in the week, to $67.2 per barrel, due to forecasts of excess supply despite the fact that OPEC has decided to maintain its cuts for three more months.
With information from EFE
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