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The return of the Christmas holidays on Wall Street was a relief. After the turbulence of last Monday caused by the threats of US President Donald Trump to the Federal Reserve, the New York Stock Exchange recorded the largest increases in nearly 10 years yesterday
Behind all the optimism that prevailed yesterday, there was the US President's demand that investors resume their stock purchases after the wave of sales that drove the two major New York indexes – Nasdaq, technology companies, and the S & A P 500, which brings together the largest US companies – down 20% from the last "summit".
At yesterday's trading session, the Dow Jones index, which functions as a kind of thermometer of the US economy, won 1,086 points and closed up 4.98 % to 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 largest 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."
Trump's request resonated In the US markets since the beginning of the day, but during the last part of the trading session, it generated an acceleration in purchases that allowed the main indicators to reach successive peaks.
"I hope the markets will be relieved this week. However, there are still many Washington-centric concerns, "said Eric Wiegand, portfolio manager at US Bank Wealth Management, who, addressing these concerns, White House Economic Affairs Council Director Kevin Hbadett, said: stated that Powell's mandate to the Fed was "100% guaranteed."
"We have already experienced periods of turbulence similar markets. Commercials of a strong economy can not usually win the battle against fear. The time and the pursuit of economic progress, however, should be the only things that work, "said Tobias Levkovich, Citi's chief stock strategist.
The gains were led by the energy sector. oil prices contributed to the gain as Chevron's stock rose 6.34% and ExxonMobil's share gained 4.78%.
Ibovespa. Ibovespa's behavior yesterday may 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, the recovery was dampened by the recovery of the US stock markets and by the advance of oil on a weak day of journaling on the national scene.
adapting to the fall of international markets in the out of 24, 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%), the highest price in a month. The information comes from the newspaper O Estado de S. Paulo
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