Wall Street opens in positive territory
The week begins with an atmosphere of optimism on Wall Street, where the main stock indices register an opening in positive territory. The Dow Jones and the S&P 500, after reaching intraday and closing records, closed the month of November with extraordinary performance, marking an increase of 7.5% and 5% respectively.
At the opening, the Dow Jones gained 68.64 points (+0.15%), while the S&P 500 rose by 12.45 points (+0.21%) and the Nasdaq marked an increase of 58.80 points (+0.31%).
The oil market shows signs of growth
Not only the stock markets, but also the energy sector is showing signs of recovery. The price of WTI oil at Nymex rose 1.22%, reaching $68.83 per barrel. This increase is a positive sign for investors, who see the growth in oil prices as an indicator of rising demand and a possible stabilization of the energy market
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Manufacturing activity and optimism among producers
Despite the positive opening of the markets, manufacturing activity in the United States showed a slight contraction in November 2024. The manufacturing PMI index stood at 49.7 points, an improvement compared to 48.5 points in October, but still below the expansion threshold. However, an increase in optimism has been noticed among producers, who hope for a resumption of production in the coming months. Political uncertainties related to the elections and expectations of stronger economic growth influence future prospects, creating a mix of concern and hope among investors
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