Wall Street: a quiet opening
Wall Street opened the day without any particular shocks, following in the wake of the new records set by indices such as S&P 500 and Nasdaq Composite. Yesterday’s session saw the Dow Jones exceed the 45,000 point mark for the first time, a significant milestone that reflects the resilience of the stock market. However, at the opening of today, the Dow Jones registered a slight decline of 13.29 points, equal to -0.06%.
In contrast, the S&P 500 gained 1.04 points (+0.02%) and the Nasdaq saw an increase of 17.15 points (+0.09%). These movements indicate some stability, but also caution on the part of investors.
Raw materials and the labor market
In the context of raw materials, WTI oil at Nymex increased by 0.48%, to 68.87 dollars per barrel. This increase could be influenced by the recent decisions of OPEC+, which delayed the resumption of its oil production by three months, delaying the removal of the cuts until April. These decisions have a direct impact on oil prices and, consequently, on the global economy. In addition, claims for unemployment benefits in the United States registered a higher increase than expected in the week to November 29, signaling a possible instability in the labor market. Data provided by the Department of Labor show a significant increase compared to analysts’ expectations, with the four-week average providing a more stable picture
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Innovation and growth in the technology sector
In a context of economic challenges, positive news is also emerging. Satispay has signed an agreement with the Esselunga Group for the use of its food stamps at more than 190 stores. This collaboration represents an important step in the growth of Satispay, which had already chosen Esselunga as its payment partner in 2017. In addition, the Italian Innovate consortium, led by Cineca, has obtained the first industry-grade supercomputer promoted by EuroHPC JU. This initiative will strengthen Italy in the supercomputing sector, with a cutting-edge system hosted at the Bologna Technopole, accelerating the adoption of AI and HPC technologies in Europe. These developments not only highlight innovation in the technology sector, but also the importance of investing in advanced infrastructure to support future economic growth
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