November 26, 2020

Wall Street chains another earnings day, encouraged by commercial round

Wall Street chained its second earnings day on Thursday, encouraged by the round of trade negotiations that the United States and China have begun this afternoon, and especially after President Donald Trump tweeted that he will meet tomorrow with Chinese Vice Premier Liu He

At the end of the operations on the New York Stock Exchange, Dow Jones de Industriales rose 0.57% or 150.66 points, to 26,496.67, while the selective S&P 500 advanced 0.64% or 18, 73 integers, up to 2,938.13.

The Nasdaq market composite index, in which the leading technology companies are listed, gained 0.60% or 47.04 units and ended at 7,950.78.

The New York parquet closed yesterday optimistically and today continued along the same lines, waiting to know details of the meeting between a Chinese delegation and a US delegation in Washington to try to reach a trade agreement that ends months of crossed tariffs.

In that sense, the message Trump wrote this afternoon on his Twitter account, and that drove the markets: "Great day of negotiations with China. They want to reach an agreement, but do I want to meet tomorrow?" with the vice premier tomorrow at the White House. "

The day was also marked by macroeconomic data: consumer prices in September barely varied, and requests for unemployment benefits fell in the first week to minimums not seen in 50 years.

By sectors, the greatest advances were for energy (1.28%), financial (1.02%), basic materials (0.98%) and industrial (0.86%), while they fell Only utilities (-0.12%).

Among the 30 listed of the Dow Jones, they highlighted the gains of Caterpillar (2.72%), Dow (2.07%), Walgreens (1.64%), Goldman Sachs (1.53%), United Technologies (1, 49%), JPMorgan (1.40%) and Apple (1.35%).

Outside of that group, the Delta airline left 1.52% on the New York Stock Exchange because its profit estimates for the fourth quarter of the year were less optimistic than expected, although this quarter increased by 26%. your earnings on a yearly basis.

In other markets, Texas intermediate oil rose 1.18% to $ 53.55 a barrel; and at the close of Wall Street, gold fell to $ 1,498.70 an ounce, the yield of the 10-year Treasury bond progressed to 1,668% and the dollar ceded value against the euro, with a change of 1,1006.

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