Jul 01, 2020
Wall Street closes its best quarter in years and the Dow Jones advanced 0.85%
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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.
News Source: cvbj.biz
Turkey, today closes the 31st day
TURKEY. SUPERLIG, 31st DAY
17:30 GENÇLERBIRLIGI-FENERBAHÇE 1-1
20:00 ISTANBUL BASAKSEHIR-DENIZLISPOR 2-0
17.30 SIVASSPOR-YENI MALATYASPOR 0-1
17:30 TRABZONSPOR-ANTALYASPOR 2-2
20:00 ALANYASPOR-GALATASARAY 4-1
20:00 GÖZTEPE-ANKARAGÜCÜ 2-2
ISTANBUL BASAKSEHIR 66
YENI MALATYASPOR 32