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New York, Jun 30 . .- Wall Street closed the day on Tuesday with gains sealing its best quarter since 1987 and its main indicator, the Dow Jones Industrials, advanced 0.85% encouraged by the statements of the main authorities economic institutions, which have highlighted today that it is necessary to design an additional fiscal stimulus package.

According to data at the end of operations on the New York Stock Exchange, the Dow Jones rose 217.08 points and stood at 25,812.88, while the other two benchmarks, the S&P 500 and the Nasdaq, also experienced a good session, with increases of 1.54% and 1.87% respectively.

Specifically, the selective S&P 500 advanced 47.05 points, to 3,100.29 integers; and the Nasdaq composite index, which brings together the most important technology companies, rose 184.61 points to 10,058.76 integers.

The New York parquet experienced a timid start due to the caution of investors regarding the new outbreaks of COVID-19 and awaiting the statements of the heads of the Treasury, Steven Mnuchin, and the Federal Reserve (Fed), Jerome Powell, about a situation of the economic crisis caused by the coronavirus.

However, earnings accelerated in the last bars of the day until closing a positive second day and sealing its best quarter in decades despite the economic crisis that the country is going through due to the economic slowdown caused by the coronavirus.

“We are closely following economic conditions. Certain industries, such as construction, are recovering rapidly, while others, such as retail and travel, face long-term impacts that may require additional relief,” Mnuchin said in an appearance before the financial committee of the Legislative Assembly.

For this reason, it showed the disposition of the Administration of the president, Donald Trump, to “work with the Congress in a bipartisan way in July on any legislation that may be necessary.”

The Fed has slashed interest rates to near zero and launched a massive monetary stimulus program through liquidity injections and debt buybacks, while Congress approved in late March the largest fiscal aid package in US history. US, for more than $ 2.2 trillion.

For the analyst Tom Essaye, quoted by the specialized page CNBC, the record rise of this quarter responds to the combination of these economic stimuli as well as the positive trend on the evolution of the virus, the economic reopens and the hope that a vaccine will be found. .

All sectors ended the day in green, led by energy (2.2%), technology (1.92%), health (1.81%), non-essential consumer goods (1.73%) ) and real estate (1.59%).

Only public services (0.41%), industrial (0.65%) and e of essential goods (0.81%) finished with progress of less than 1%.

Among the thirty big Dow Jones corporations, Intel led the gains with a rise of 2.68%, followed by Microsoft (2.55%), Nike (2.27%), Goldman Sachs (2.15%) and UnitedHealth (1.79%).

Only four companies closed the day in red with Boeing of red lantern and that experienced a deep fall of 5.75%, along with Dow (-0.53%), Raytheon (-0.48%) and Walt Disney (-0.009 %).

In other markets, the price of Texas intermediate oil (WTI) closed Tuesday with a drop of 1%, to $ 39.27 a barrel, motivated by investors’ fear that the rebound in oil demand would not They are being sufficient and because of the possibility that Libya will resume pumping, which has been paralyzed since January.

At the close of Wall Street, gold rose to $ 1,799.00 an ounce; the yield on the 10-year Treasury bond amounted to 0.656% and the dollar gained ground against the euro, with a change of 1.1232.

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News Source: cvbj.biz

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Breaking News : Costa Rica closes its week of more cases and deaths during the COVID-19 pandemic

Breaking News —

San José, Jul 5 . .- Costa Rica closed this Sunday which is so far its week with the most new cases of COVID-19 with 1,866 and the most deaths with 4, in the 4 months the country has been immersed in the pandemic, according to official data .

This Sunday the country broke the record of daily cases for the second consecutive day with 375, as well as registering the largest number of people hospitalized simultaneously with 77, of which 10 are in intensive care units.

On Saturday night, the nineteenth death occurred by COVID-19 so far in the pandemic in the country, bringing the death toll this week to 4.

The victim is a young man who was brought to a San José hospital and died almost immediately. The diagnosis of COVID-19 came after the death of this person, whose identity is under investigation because he was not carrying documents.

The director of Health Surveillance, Rodrigo Marín, said at the daily press conference on the pandemic, that Costa Rica has accumulated 4,996 cases of COVID-19 so far, of which 50% have been registered in the last two weeks.

Costa Rica managed to keep the curve of the first pandemic wave under control, but since mid-June the authorities reported that the country entered the second, which is concentrating on the communities with the highest population density in the metropolitan area, where it has already been declared community transmission.

The Government has tightened since last Friday the restrictions on movement and opening of business premises on weekends.

The president of the Costa Rican Social Security Fund, Román Macaya, insisted on the need for the population to comply with preventive measures and warned that although the older adult population is the most at risk of suffering a serious situation from COVID-19, young people are not exempt.

Data presented by Macaya indicate that 241 people have required hospitalization in these 4 months of pandemic in Costa Rica, with an overall average hospital stay of 9.1 days.

People over 40 years have recorded 11 days of hospitalization on average.

Costa Rica is going through the second pandemic wave in the middle of the third phase of an economic reopening plan that allows the opening of the beaches for 3 and a half hours and the operation of restaurants, shops, shopping centers, gyms, cinemas, theaters, museums and other businesses, but under sanitary protocols and with time and capacity limitations.

In sites classified as orange alert due to the increase in infections, including the entire capital and its surroundings, phase 3 is suspended on weekends, which only allows the opening of supermarkets and pharmacies, and the service at the restaurants.

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