March 7, 2021

Wall Street closes mixed with higher technology and less fear of the Chinese virus

Wall Street closed on Wednesday in mixed, although with intraday records in the S&P 500 and the Nasdaq after a rebound in technology companies at the same time that the fear of the negative effects of the Wuhan virus, which set the pace of previous session

At the close of the session in the New York Stock Exchange, the Dow Jones of Industrialists remained almost flat with a slight decrease of 0.03% or 9.63 points, standing at 29,186.41 integers; and the selective S&P 500 advanced 0.12% or 4.10 points, to 3,324.36.

The Nasdaq composite market index, which brings together major technology companies, added 0.14% or 12.96 integers, to 9,383.77.

The mixed data in the New York parquet comes after a remarkable growth in the actions of the main technology companies led by the push of companies such as IBM and Apple, which reached its all-time high, and, above all, Tesla.

The company of Elon Musk has reached for the first time the 100,000 million dollars in stock market value, has advanced to Volkswagen and has positioned itself as the second largest automobile company in the market, just behind Toyota.

Also, IBM has emerged after knowing its latest quarterly results, which exceeded investor expectations and leave, according to analysts, in a very good position to face the next year.

Investors have also optimistically received the purchase and sale of houses, which increased by 4% during the month of December.

In this sense, analysts predict that during 2020 the real estate sector will be one of the main engines of the US economy and will help boost economic growth.

As for the Wuhan virus, investors have welcomed the words of the president of the United States, Donald Trump, who has said he is confident that the Chinese president, Xi Jinping, has the coronavirus crisis “totally under control.”

Concern for the Wuhan virus has also subsided after the United States Center for Disease Control and Prevention has said that the case detected in the state of Washington currently presents little risk to the population.

Among the 30 listed Dow Jones firms, the profits of companies such as Intel (3.6%), IBM (3.39%), Coca Cola (0.77%) and American Express (0.74%) stood out.

The most pronounced losses were for Dow Inc (-3.28%), Caterpillar (-2.2%) and Boeing (-1.39%), whose decline is attributed to forecasts that its 737 MAX will not be able to fly by At least until the middle of the year.

By sectors, energy (-0.89%), real estate (-0.79%), industrial (-0.58%), raw materials (-0.39%) and that of non-essential goods (-0.01%)

In green, technology (0.37%), public services (0.29%), financial (0.27%) and health (0.12%) stood out

In other markets, Texas oil fell 2.81%, to $ 56.74; and at the close of Wall Street, gold rose slightly to $ 1,558.20 an ounce, the yield of the 10-year Treasury bond fell to 1,767% and the dollar lost ground against the euro, with a change of 1,109.


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