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Text published: 13.07.2018 13:20
On Wall Street, stock indexes rose sharply, offsetting all yesterday's losses, mainly due to the rise in stock prices in the technology sector, with some of them reaching the highest levels of the stock market. # 39; history.
Dow Jones jumped 224 points or 0.91% to 24,924 points, while the S & P 500 rose 0.87% to 2798 points, while the Nasdaq index was 1.39 % to 7823 points.
mainly thanks to strong price increases in the technology sector, averaging 1.8%, with prices for Facebook, Microsoft and Amazon reaching the highest levels in history.
These companies have been growing steadily for years. The S & P industrial sector index also rose sharply, 1.1% yesterday, offsetting yesterday's losses when it was under pressure due to trade tensions between the United States and the United Kingdom. and China
Wednesday, Wall Street fell significantly after Washington announced plans to impose an additional 10% duty on 200 billion dollars of Chinese imports within two months.
So Donald Donald Trumpa's President j China's pressure in a trade war with China, imposed from 25 to 34 billion dollars in Chinese imports last week, to which Beijing responded with reciprocal measures , also announced that it will have to respond to the announcement of new customs duties. However, fears of a trade war erupted yesterday as investors hope for an agreement between the two largest economies in the world.
Since early May, China and the United States have been trying to reduce their trade deficit with $ 375 billion. "There is a consensus on the market that negotiations will continue and that the US and China will come to some sort of agreement," says Quincy Krosby, an analyst at Prudential Financial.
Market growth is also due to investors' optimism before the publication of the quarterly results of US companies, which expect the company's earnings in the second quarter to be significant Analysts estimate S & P 500 index earnings rose 20.7% in the second quarter, according to Reuters analysts.
For this reason, investors hope that companies will increase dividend or buy-back programs in the market, which would encourage a further rise in stock prices.
Friday, the second quarter results will be announced by financial giants like JPMorgan Chase, Wells Fargo and Citigroup
And on the European stock markets, stock prices rose yesterday. The London FTSE index rose 0.78% to 7651 points, while the Frankfurt DAX rose 0.61% to 12,492 points and the Paris ACC 0.97% to 5,405 points [19659014] (function (d, s, id) {
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