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The return of the Christmas holidays on Wall Street was a relief: after the unrest last Monday, caused by the threats of US President Donald Trump to the control of the Federal Reserve, The New York Stock Exchange on Wednesday had the strongest increases in almost ten years.
Behind all the optimism that reigned yesterday, there was the US President's demand that investors return to buying shares after the wave of sales that led to the two major New York indexes – Nasdaq, technology companies, and the S & P 500, which brings together the largest US companies, down 20% from last summit.
At Wednesday's trading session, the Dow Jones index – which functions as a kind of thermometer of the US economy – gained 1,086 points and closed up 4.98% in 22,878 points. It was the first time in history that this indicator was growing more than a thousand points in a day. The S & P 500 gained 4.96% to 2,467 points, while the Nasdaq jumped 5.84% to 6,554. The results of the trading session are the best since March 2009.
The scenario Wall Street's "scorched earth" mobilized the White House Monday during the holidays. The government has sought to calm the minds of investors. On Christmas Day, Trump tried to ease tensions between his government and the Federal Reserve. Although the president again criticized the monetary authority, he again indicated that he had no plans to fire Jerome Powell from the Fed's command.
The president also congratulated US Treasury Secretary Steven Mnuchin and corporate profits. investors to return to shopping. "We have the biggest companies in the world and they are doing very well, they've had record numbers, so I think it's a great opportunity to buy, it's really a great opportunity." to buy shares, "he said.
Trump's demand has resonated in US markets since the beginning of the day, but during the last part of the trading session, it generated an acceleration in purchases, which led to the key indicators to be met. successive summits.
"I hope the markets will be relieved this week, but there are still many Washington-centric concerns," said Eric Wiegand, portfolio manager at US Bank Wealth Management. Thinking of these concerns, White House Economic Affairs Council Director Kevin Hbadett said Powell's mandate to the Fed was "100% guaranteed".
"We have seen similar periods of market turmoil, and strong commercials can not usually win the battle against fear, but the time and the pursuit of economic progress should be the same. only things that work, "said Tobias Levkovich, Citi's chief securities strategist.
The gains were led by the energy sector. The sharp rise in oil prices contributed to the increase, with Chevron shares up 6.34% and ExxonMobil's share up 4.78%.
Ibovespa The behavior of Ibovespa yesterday can be divided into two parts. In the morning, the index opened lower following an adjustment of the sharp decline in US indices on Monday – a holiday in São Paulo, but not in New York. In the afternoon, however, the loss was dampened by the recovery of the US stock markets and the oil advance by a mediocre news day on the national scene.
Around 12 pm, while adjusting to the fall of the international markets on the 24th, the stock market lost 1.59%. At the end of the day, after an improvement in the mood abroad, the US dollar closed down 0.65% to 85,136 points.
Dollar. The dollar followed the foreign market and closed at R $ 3.9226 (+ 0.95%), its highest price in a month.
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