Post a Comment Print Share on Facebook

Has Wall Street, the Dow Jones climbs to 2% in a market that is optimistic

The New York stock Exchange ended significantly in the green on Wednesday, the Dow Jones Industrial Average posting gains the most solid, in a market still opti

- 29 reads.

Has Wall Street, the Dow Jones climbs to 2% in a market that is optimistic

The New York stock Exchange ended significantly in the green on Wednesday, the Dow Jones Industrial Average posting gains the most solid, in a market still optimistic on the reopening of the u.s. economy.

read also : peace marches continue across the United States

The Dow Jones industrial average, the index feature of the place in new york, rose to 2.05% at 26.269,89 points. The Nasdaq, in high coloring technology, has gained 0,78% at 9.682,91 points, finishing close to its historical high reached on February 19. The expanded index S&P 500 took the 1.36 percent to 3.122,87 points, also just a stone's throw of its record high of February. "The assumption of the market is that we have hit bottom," says Quincy Krosby, recalling the collapse of the new york mid-march, with the intensification of the pandemic Covid-19, and measures to contain it. "If many economic data are still poor, they are improving at the margin", she adds.

This is true of Wednesday, with the 2.7 million jobs lost by the private companies in may, according to the monthly survey by the firm ADP. If this figure remains historically high, it is substantially lower than that of April (20 million) and less worse than what expected by the analysts, which projected 9 million jobs destroyed.

No impact of the events in the United States

The activity in services has continued to contract in may. But it has picked up compared to the dip of the month of April, which had put an end to over ten years of growth, according to the index of the association of professional ISM also released on Wednesday. "In the absence of a second wave of contamination, the u.s. economy is getting stronger, even if it is at a slow pace," said Quincy Krosby.

events across the United States to protest against police brutality made to minorities, including African-Americans, did they have any impact on the market so far. However, believed Quincy Krosby, if these steps, sometimes interspersed with violence and looting, were to jeopardize the recovery of the activity of some companies, this could weigh in the balance. The expert also points the finger at the risk of the spread of the virus during these events, could harm the slowing of the pandemic, and therefore slow the economy. On the bond market, the rate on 10-year us debt was rising, moving on to 0,7508% against 0,6852% on Tuesday night.

No comment

there are currently no comments on this article.
Be the first to give your opinion !

I write a comment
Avatar
Your Name
Post a Comment
Characters Left:
Your comment has been forwarded to the administrator for approval.×
Warning! Will constitute a criminal offense, illegal, threatening, offensive, insulting and swearing, derogatory, defamatory, vulgar, pornographic, indecent, personality rights, damaging or similar nature in the nature of all kinds of financial content, legal, criminal and administrative responsibility for the content of the sender member / members are belong.