Fri. Oct 18th, 2019

Wall Street closes with a triple Dow Jones record, the S & P 500 and the Nasdaq

Wall Street closed Friday with records on its three indicators, encouraged by the possibility that the Federal Reserve lower interest rates at the end of the month, after the two days of appearance of its president, Jerome Powell, before the US legislators.

At the end of the trading day in New York, the Dow Jones advanced 0.90% or 243.95 points, to 27,332.03 whole, renewing the historic record achieved yesterday to overcome the barrier of 27,000 for the first time.

The selective S & P 500 jumped the 3,000 points and progressed a 0.46% or 13.86 integers, up to 3,013.77; while the composite index of the Nasdaq market, which brings together the main technology groups, gained 0.59% or 48.10 points, to 8,244.14.

By sector, the greatest increase was for the industrial sector (1.78%), non-essential goods (1.06%), basic materials (1.02%) and technology (0.80%). .

On the other side of the table, the health sector fell sharply (-1.18%).

The session in the New York parquet was influenced by the testimony of Powell before the two chambers of Congress, where he reiterated that the slowdown of the global economy and the growing commercial tensions are affecting the outlook for growth in the US.

Despite the fact that new macroeconomic data were better than expected on Friday, such as the creation of employment or the consumer price index, the market is convinced that at the end of the month, when the Federal Open Market Committee meets, the central bank will dictate a reduction in rates.

On the other hand, investors are already waiting for the next quarterly results season, which will be released next week by the main banking groups in the country.

Among the thirty listed in the Industrial Dow Jones, stood out the rise of Dow, 4.04%, followed by Caterpillar (3.28%), Intel (2.72%), 3M (2.54%) and Home Depot (1.96%).

Only losses were suffered by Johnson & Johnson (-4.15%), Merck (-1.57%), Pfizer (-1.35%) and Visa (-0.23%).

In other markets, the price of intermediate oil of Texas (WTI) rose this Friday a slight 0.01% and closed at 60.21 dollars, but in the week as a whole WTI futures contracts for delivery in August were revalued 5%

At the close of Wall Street, gold rose to $ 1,416.30 an ounce, the yield on 10-year Treasury bonds fell to 2,117%, while the dollar lost ground to the euro with a change of 1,1267.

(tagsToTranslate) Wall (t) Street (t) Jones (t) SP (t) Nasdaq

Source link