Wall Street progresses during a low volume session

New York – Wall Street ended higher on Thursday, during a session marked by very low trade volumes in the wake of a holiday in the United States, and despite the prospect of entry in force of US and Chinese customs taxes Friday.
  

According to the final results at closing, its flagship index, the Dow Jones Industrial Average, gained 0.75% to 24,356.74 points.

The Nasdaq, with a strong technological component, advanced by 1.12% to 7,586.43 points.

The expanded S & P 500 index rose 0.86% to 2,736.61 points.

" Many brokers are absent this week and it is not surprising to see a lot of volatility during this type of trading sessions very low ", commented David Levy from Republic Wealth Advisors.

In terms of volume, these exchanges were half as numerous as during a typical day on the S & P 500 index.

As is often the case during periods of strong growth, technology stocks posted the best performances. -indices grouping them within the S & P 500 having advanced by 1.47%.

Facebook (+ 2.97%), Twitter (+ 2.67%) and Netflix (+ 2.02%) were among the locomotives of Wall Street Thursday.

The progress of the indices came as the United States and China will switch to the trade war with the entry into force on Friday of reciprocal customs taxes on tens of billions of dollars of goods.

US tariffs of 25% on 34 billion Chinese imports are to be effective on Thursday at midnight and immediately thereafter, Chinese tariffs on an equivalent amount of US imports should be applied.

The markets also welcomed the report of the last meeting of the US central bank (Fed) with neutrality, stating that commercial uncertainties could hurt investment and confidence.

Despite these relatively pessimistic outlooks, investors focused more on comments by German Chancellor Angela Merkel and the US ambbadador to Germany on a possible drop in automobile taxes to defuse the trade conflict between the European Union and the United States.

" This information is good news as it suggests that an arrangement could be found and that an American-European trade war could be avoided ," said Bill Lynch of Hinsdale Associates .

The bond market was evolving without direction: around 20H25 GMT, the yield on the US 10-year debt rose to 2.833% against 2.831% Tuesday night, and the 30-year declined to 2.948% against 2.959% at the previous closing.