Wall Street closed this Friday in the green and the Dow Jones Industrials, its main indicator, rose a 2.12% when investors celebrate that the Low camera approved the debt ceiling bill yesterday, a crucial step to avoid a default on USA.
At the close of trading, the Dow rose to 33 thousand 762 units and the selective S&P 500 won a 1.45% until four thousand 282 points.
For its part, the composite index of the Nasdaq market, in which the main technology companies are listed, rose a 1.07%until 13,240 integers.
So, Wall Street celebrated that the Senate approved a bill to raise the debt ceiling yesterday and that the bill is now on President Joe Biden’s desk awaiting the president’s final signature.
The lower house voted in favor of the measure on Wednesday, just days before the deadline for the 5th June established by the US Secretary of the Treasury, Janet Yellen.
On the other hand, today it was announced that non-farm payrolls grew much more than expected in May, rising to 339 mileven though economists surveyed by Dow Jones had expected a more modest increase.
The strength of the labor market presents a challenge for the Federal Reserve (Fed) which had hoped that its measures would cause the economy to slow down.
In May, the central bank raised its benchmark fed funds rate by a quarter of a percentage point to a range between 5% y 5.25%its tenth consecutive increase aimed at controlling high inflation.
Fed officials have signaled that they are increasingly likely to keep interest rates unchanged at their June 13-14 before preparing to upload them again later this summer.
All sectors closed in green and the largest gains were for non-essential goods and essential goods, which rose a 2.2% and 1.39%respectively.
Among the 30 Dow Jones stocks, the only company with losses was Verizon (-3.89%), while the biggest gains went to 3M (8.75%) and Caterpillar (8.4%).
In other markets, Texas oil closed at 71.74 dollars a barrel, and at the end of the trading session, the yield on the 10-year US bond rose to 3.69%gold went down thousand 965 dollars an ounceand the dollar gained ground against the euro, with a change of 1.0705.
MF
Themes
Read Also
Get the latest news in your email
Everything you need to know to start your day
Registering implies accepting the Terms and Conditions
