Wall Street closes with profits by alleviating fears over the commercial conflict



Wall Street closed on Monday with gains to alleviate certain fears that arose last Friday regarding the trade conflict between the United States and China, thus putting a positive end to the third quarter of the year, which has been marked by volatility.

At the end of the operations in the New York Stock Exchange, the Dow Jones of Industrials, the main indicator, progressed 0.36% or 96.58 points, to 26,916.83, while the selective S&P 500 advanced 0.50% or 14.95 integers and was 2,976.74.

The composite index of the Nasdaq market, in which the main technological companies are listed, 0.75% or 59.71 points, up to 7,999.34.

By sectors, the most benefited was precisely the technological (1.04%), followed by the sanitary (0.90%) and the non-essential goods (0.84%), while only the energy cut (-0 , 75%) and financial (-0.11%).

Among the 30 listed of the Dow Jones, highlighted the advance of 2.35% of Apple, which recovered a capitalization of one billion dollars thanks to the valuation of a renowned JPMorgan analyst, which predicted good sales of the iPhone 11.

Nike (1.74%), Walgreens (1.65%), Merck (1.53%) and IBM (1.52%) also rose, in contrast to a dozen signatures that were red, led by ExxonMobil ( -1.22%) and Visa (-1.14%).

On Friday, Wall Street had backed down from the possibility that the US exclude Chinese companies from US stock exchanges and limit US exposure in the Chinese market, which was rejected over the weekend by the White House.

A spokeswoman for the Treasury Department reported that the Donald Trump government "does not contemplate preventing Chinese firms from trading on the US stock exchanges at this time," after Chinese state media warned that such a measure could have "significant repercussions." .

On October 10, delegations from both countries are scheduled to meet to bring positions closer to a trade agreement that will put an end to crossed tariffs worth millions of dollars that have been in effect for months.

The last three months have also suffered the fall in the profitability of public Treasury bonds 10 years below that of 2-year bonds, an inverted curve that alerted investors of a possible recession, and to which the second reduction in interest rates by the Federal Reserve.

The Dow Jones and the S&P 500 rise around 1%, as a whole, while the Nasdaq, more sensitive to tensions due to its technological component, has lost 0.1%.

In other markets, Texas intermediate oil fell 3.3% to $ 54.07 a barrel; and at the close of Wall Street, gold fell to $ 1,479 an ounce, the yield of the 10-year Treasury bond was down to 1,668% and the dollar appreciated against the euro, with a change of 1,10899.

. (tagsToTranslate) Wall (t) Street (t) earnings (t) relieve (t) conflict



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