Fri. Feb 28th, 2020

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



Wall Street closed on Wednesday with a triple record in its three main indicators, the Dow Jones, the S&P 500 and the Nasdaq, in a day in which investors shook concerns about how the Chinese coronavirus will affect corporate profits and Global economy.

At the close of the New York Stock Exchange, Dow Jones de Industriales advanced 0.94%, earning 275.08 points to 29,551.42 integers, while the selective S&P 500 advanced 0.65% or 21.70 points and reached 3,379.45. The technological Nasdaq rose 0.90% or 87.02 points, to 9,725.96.

The party continues on Wall Street and all economic sectors ended up in green, leading the profits in the energy sector (1.36%), followed by technology (1.06%) and non-essential goods (0.99% ).

Among the 30 listed Dow Jones, most recorded progress, especially UnitedHeralth (4.36%), Nike (2.98%), Walgreens Boots (2.79%), Caterpillar (2.50%) and Apple ( 2.37%).

On the other side of the table, only a dozen corporations closed in red, highlighting Merck (-2.35%), Travelers (-1.22), Pfizer (0.92%), Verizon (-0.78%) or Johnson% Johnson (-0.59%).

The shares rose to record highs this Wednesday when investors shook concerns about how the coronavirus will affect corporate profits and the economy internationally.

Deaths caused by the virus already exceed a thousand, but the increase in new daily cases (2,478 the most recent) has slowed for seven days, which, according to the Chinese government, is a positive sign that the epidemic is sending, although scientists do not agree on that point or when the maximum level of contagion could be reached from which the numbers of affected begin to fall.

“Investors showed resistance by making stocks return to peak historical levels, especially in the US, anticipating a strong V-shaped recovery when this is over,” said Eylem Senyuz, a global strategist at SunTrust Advisory, in a note. . But “as the coronavirus continues to spread throughout China and the world, much of its impact remains unknown.”

In this wave of optimism, even Delta and American Airlines rose 1.4% and 2.1%, respectively.

In other markets, Texas oil rose 2.46% to $ 51.17; and at the close of Wall Street, gold fell to $ 1,569.60 an ounce, the yield of the 10-year Treasury bond rose to 1,635% and the dollar gained ground against the euro, with a change of 1.0873.

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