Tue. Mar 31st, 2020

Wall Street closes mixed, with new records for the S&P 500 and Nasdaq

Wall Street closed Friday in mixed territory, with new records for the S&P 500 and the Nasdaq, and completed a week of progress despite fears generated by the coronavirus in China and its possible economic impact.

At the close of the New York Stock Exchange, Dow Jones de Industriales, its main indicator, fell a slight 0.09% or 25.23 points, to 29,398.08.

The selective S&P 500, meanwhile, advanced 0.18% to 3,380.16, a new all-time high at the close after the one registered last Wednesday.

The Nasdaq market composite index, which rose 0.20% and finished at 9,731.18 integers, also achieved a new record.

On a quiet day, the New York market reached its lowest point in the middle of the session, but it traced at the last minute after the CNBC financial channel reported that the US government is considering giving tax incentives for more citizens to invest in bag.

Despite the uncertainty generated by the Wuhan coronavirus (COVID-19), the three indicators made solid progress this week: the Dow Jones gained 2.2%, the S&P 500 1.6% and the Nasdaq 1%.

The progress of the disease does not seem to worry investors too much for now, even though the number of cases in China has skyrocketed and the virus continues to spread throughout the world.

The good results released by several companies continue to encourage the market, although consumption data released on Friday cooled the mood a bit.

All sectors of Wall Street ended the day in green, mostly with very light rises.

The exceptions were energy companies, public services and technology companies, which achieved somewhat more important advances, with 0.81%, 0.64% and 0.49%, respectively.

Among the thirty Dow Jones values, the greatest progress was for Visa (1.36%), followed by Home Depot (1.10%), American Express (1.03%), Procter & Gamble (0.94%) and Microsoft (0.89%).

On the other hand, they highlighted the losses of IBM (-2.35%), Walgreens (-1.34%), Caterpillar (-1.22%), UnitedHealth (-1.21%) or Pfizer (-1.16 %).

In other markets, Texas oil rose 1.2%, to $ 52.05; and at the close of Wall Street, gold rose to $ 1,586.1 an ounce, the yield of the 10-year Treasury bond remained at 1,588% and the dollar lost ground against the euro, with a change of 1,083.


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