August 5, 2021

Wall Street regains optimism with gains and the Dow Jones rises by 1.30%

Wall Street regains optimism with gains and the Dow Jones rises by 1.30%

A much more optimistic Wall Street returned to earnings today and the Industrial Dow Jones, its main indicator, rose by 1.30% at the start of the session, a day that at its start seems to indicate that it will be a turning point after the severe drops of the last two days.

Half an hour after the opening, the main indicator added 325.58 points, to 25,378.41, while the selective S & P 500 also recorded gains with an increase of 1.46% or 39.81 points, to 2,768.18.

The composite index of the Nasdaq market, in which the most important technological groups are quoted, was the one that rose the most, by 1.98% or 145.26 points, to 7,474.33.

The opening of Wall Street, followed closely by international markets after the sharp falls of the last two days, started with a clear optimism among investors.

The New York parquet had been pessimistic for several days and the Dow Jones lost more than 1,300 points in two days as a result of a negative trend started last week with the rise in profitability of the US public debt.

But today, as predicted by some Wall Street analysts, things have changed, profits have returned and nerves seem to have disappeared, in a country where macroeconomic data are good, with almost full employment and moderate inflation.

However, the concerns are focused on the policy of increasing interest rates that the Federal Reserve follows to avoid the overheating of the American economy.

In this sense, President Donald Trump surprised again with his direct criticism to the independent body: "The problem we have is with the Federal Reserve, which is going crazy, I mean, I do not know what is your problem, why does it increase the interest rates and it's ridiculous. "

Trump blamed the Fed without problems because of the fall in the stock market in recent days.

The great majority of sectors presented gains, although the technological sector stands out (2.28%), that of essential goods (2.16%) followed by communications (1.68%) and industrial (1.47%). , while only one sector, the service sector (-0.16%), was down.

Among the 30 stocks included in the Dow Jones, the highlights were Visa (4.19%), Apple (2.64%), Boeing (2.03%) and Nike (2.20%).

The only three corporate descendants were Verizon (0.80%) and Johnson & Johnson (0.34).

In other markets, the barrel of Texas amounted to $ 71.56 a barrel, gold fell to $ 1,225.30 an ounce, the yield of the 10-year Treasury note rose slightly to 3.158% and the dollar gained ground against the euro , which was changed to $ 1,154.


Source link