Wall Street, taking advantage of Apple rebounds and oil, ends up

Wall Street, taking advantage of Apple rebounds and oil, ends up
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GETTY IMAGES NORTH AMERICA / AFP
/ SPENCER PLATT

Wall Street finished higher on Thursday, benefiting from the rebound in oil prices as well as Apple, in a context of optimism about a forthcoming resolution of the Sino-US trade war.

According to the final results at closing, Wall Street's flagship index, the Dow Jones Industrial Average, gained 0.83% to close at 25,289.27 points.

The Nasdaq index, with its strong technological color, advanced by 1.72% to finish at 7,259.03 points.

The broad S & P 500 Index gained 1.06% to 2,730.20 points.

The rise on Wall Street "comes mainly from Apple prices and oil prices that have stopped falling," said Maris Ogg of Tower Bridge Advisors.

After a shy rebound Wednesday, oil prices continued to advance on Thursday, recovering gradually from a veritable debacle that saw the price of crude listed in New York fall for twelve sessions in a row, a record.

Main beneficiaries Thursday of this recovery, the values ​​of this sector within a sub-index of the S & P 500 took 1.48%, the second largest sectoral increase in the broad index on the day.

First place (+ 2.46%) returned to the technology index sub-index, driven by the strong growth of Apple, which took 2.47%.

The apple brand, one of the largest members of the coast, rebounded after having plummeted nearly 20% since early October, weakened notably by disappointing forecasts for the end of the year.

Apple has been one of the reasons for the decline in indices in recent days because its decline has led in its fall the technology sector and the rest of the market, the tech is the largest sector on Wall Street.

E-flavored cigarettes

"The market may be close to a low point, and we are not immune to a stronger rebound if oil stabilizes and the rhetoric around the trade war improves," he said. Peter Cardillo of Spartan Capital.

In this regard, investors have just benefited from a wave of optimism Thursday on a settlement of the trade dispute between Beijing and Washington after press reports evoking concessions envisaged by China to the United States a few days of a G20 summit where the leaders of the two countries will meet.

Among the values ​​of the day, Walmart and Cisco reported quarterly results above expectations. The former, however, lost 1.96% while the latter gained 5.50%.

The holding of billionaire Warren Buffett, Berkshire Hathaway (+ 0.62%), announced Wednesday evening to have entered in the third quarter the capital of the bank JPMorgan Chase (+ 2.55%) and the information company Oracle (+3, 67%) and invested the equivalent of $ 4 billion and $ 2.1 billion respectively.

Facebook, who defended Thursday for orchestrating a smear campaign targeting among others the financier George Soros, following a long investigation by the New York Times, fell by 0.26%.

Tobacco companies have suffered from the US Health Agency's (FDA) proposal to ban sales of flavored e-cigarettes over the internet.

The Altria stock closed down 3.08%, and British American Tobacco fell 3.64%.

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15/11/2018 22:57:47 –
New York (AFP) –
© 2018 AFP