Wall Street closed again with increases this Thursday and the Dow Jones Industrialsits main indicator, gained a 0.50%while the broader S&P 500 it ended at its highest level so far this year and entered a new bull market.
At the close of business in NYthe Dow Jones stood at 33 thousand 833.61 pointswhile the S&P 500 gained a 0.62% and was placed in four thousand 293.93 units.
This index thus entered the bull market, which is traditionally declared when a 20% gain accumulates from a recent low point, which in this case occurred last October.
Although it has not yet recovered the levels it reached at the end of 2021, the S&P 500 has so far in 2023 a rise of around 12%with quite sustained progress since March.
The composite index of the Nasdaq market, where the main technology companies are listed, rose a 1.02% and closed in 13 thousand 238.52 integers.
Both the Nasdaq and the Dow Jones had previously entered that bullish market to which the S&P 500 now joins, considered the most representative index of the NYSE and less dependent on the movements of the largest companies in the market.
Wall Street posted its third straight session of gains today as investors wait for new inflation data and the upcoming Federal Reserve rate decision next week. (Fed).
The expectation of some analysts is that the Fed can pause rate hikes, especially after it was revealed today that weekly jobless claims have reached their highest level since October 2021, indicating a labor market potentially weakened.
By sectors, the biggest gains on Wall Street were for non-essential consumer goods companies (1.56%) and the technological (1.2%)while the biggest drops were for real estate (-0.62%) and the energetic (0.44%).
Among the 30 Dow Jones stocks, the largest gains were those of Boeing (2.92%)Salesforce (1.85%) e Intel (1.73%)while the only company with a decrease of more than 1% was dow (2.02%).
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