Wall Street: the Dow Jones and the S&P 500 broke new records at the close

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source: wsj.com

At the end of the day on the New York Stock Exchange, the industrial index rose 0.89% or 297.03 points, to 33,800.60 units, and the general index rose 0.77% or 31.63 points, to 4,128 , 80 units

Wall Street closed this Friday with solid gains and new records in two of its main indicators, the Dow Jones of Industrials and the selective S&P 500, while optimism continues for the recovery from the covid-19 pandemic.

At the close of the New York Stock Exchange session, the Dow Jones rose 0.89% or 297.03 points, to 33,800.60 units, and the S&P 500 rose 0.77% or 31.63 points, until 4,128.80 units.

For its part, the Nasdaq composite index, which brings together the most important technology companies in the market, advanced 0.51% or 70.88 points, to 13,900.18 units.

The New York stock market says goodbye to the week with its three notably revalued indices, especially the Nasdaq (3.1%), followed by the S&P 500 (2.7%) and the Dow Jones (2%).

By sectors, this Friday, health companies (1.17%), non-essential goods (1.16%) and technology (0.99%) and industrial companies (0.99%) led the advances, while the greatest loss was for energy companies (-0.5%).

Investors did not appear to be concerned about a larger-than-expected rise in the producer price index in March of 1%, which has led to a 4.2% year-on-year increase, the largest increase in nine years.

Nor did a weekly rise also higher than that calculated in applications for unemployment benefits, which amounted to 744,000, had no impact.

Federal Reserve Chairman Jerome Powell has insisted in recent days that he anticipates a temporary price hike as the economy accelerates.

In the group of 30 listed on the Dow Jones, the rise of Honeywell (3.36%), UnitedHealth (3.07%) and Salesforce (2.99%), as well as technology companies Apple (1.02%) and Intel (1.80%).

Less than a third of firms closed the red, led by Walgreens (-1.11%), Boeing (-1.09%) and Johnson & Johnson (-1.09%).

In other markets, Texas oil fell to $ 59.32 a barrel; and at the close of Wall Street the yield of the 10-year Treasury bond, gold rebounded to 1,655; gold fell to $ 1,743.40 an ounce; and the dollar appreciated against the euro, with a change of 1.1902.