Wall Street rose this Friday encouraged by good inflation data in the United States and the Dow Jones Industrials, its main indicator, gained 1.26% to close a quarter complicated by the rise in interest rates and the banking crisis on a good note. Yesterday’s impeachment of former President Donald Trump does not appear to have affected Wall Street sentiment.
At the close of business on the New York Stock Exchangethe Dow stood at 33 thousand 274.15 points, while the selective S&P 500 added 1.44% to 4,109.31.
The Market Composite Index Nasdaq gained even more, 1.74% to 12,221.91 unitsconfirming the good moment of the technology sector.
This Friday, the market was helped by the personal consumption spending indexan indicator of inflation closely followed by the Federal Reserve (Fed) when deciding its monetary policy and which was somewhat better than expected.
Today, all sectors closed in green, led by non-essential goods companies (2.61%), real estate (2.18%) and communications (2.07%).
Among the thirty stocks of the Dow Jonesonly Walgreens ended the day in red, and by very little, since it lost a slight 0.14%. On the other hand, the biggest gains were for Home Depot (3.41%), 3M (2.24%) and Nike (2.07%).
JM
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