The New York stock Exchange ended sharply higher Wednesday, in the wake of a downturn in a market that is optimistic about restarting the american economy and supported by several technology stocks, including Facebook and Amazon, which have achieved a new record.read also : Covid-19: Apple and Google launch their solution-tracing
the index feature, the Dow Jones Industrial Average was taken 1.52% and 24.575,90 points. The Nasdaq, in high coloring technology, has gained 2,08% to 9.375,78 points. The expanded index S&P 500 was up by 1.67% to 2.971,61 points. Values flagship of this index, which represents 500 largest companies of Wall Street's giants Facebook (+6,04%), and Amazon (+1,98%) have touched new heights. Establishing, respectively, 229,97 and $ 2.497,94 dollars, the titles of the two groups have surpassed their previous records achieved earlier in the year.
After you have started the week in the green on Monday, with some encouraging signs regarding the development of a possible vaccine against the coronavirus, Wall Street had fallen on Tuesday before rebounding on Wednesday. "It is a week-upside down," says Art Hogan of the National.
If the market had taken with more precaution on Tuesday preliminary results for an investigational vaccine against the virus of the american society of biotech Moderna, it is the hope of a rebound in the u.s. economy, which has seemed to prevail Wednesday. In addition, the federal Reserve released during the session the minutes of the last meeting of its monetary committee, in April.Support from the Fed
The Fed is particularly concerned about the destruction of certain sectors of activity if they were shunned by customers, and this despite the relaxation of containment measures in many States in the us. The pandemic is weighing on the economies of many of the risks in the medium and long terms, have also identified the members of the monetary committee of the Fed. According to Art Hogan, the approach of the president of the american central Bank, Jerome Powell, has been "consistent and systemic" since the beginning of the crisis linked to the sars coronavirus.
"It has never ceased to say that the Fed was not short of ammunition, and that it would continue to conduct an aggressive monetary policy to offset the effects of the pandemic", note Art Hogan. On the bond market, the rate on 10-year u.s. debt fell, reaching 0,6785% against 0,6882% on Tuesday night.No comment
there are currently no comments on this article.
Be the first to give your opinion !