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Wall street closes higher, with S&P at new record

The New York Stock Exchange indices ended positive this Thursday, driven by the technology sector, with a new record for the S&P 500.

The S&P 500 of the largest companies on the stock market, registered its third maximum of the week at 4,097.16 points, with an advance of 0.42%. Meanwhile, the Nasdaq technology rose 1.03% to 13,829.31 units. The Dow Jones gained 0.17% to 33,503.57.

Despite a disappointing employment indicator, with weekly claims for unemployment benefits on the rise last week, a surprise for the market, investors focused more on the remarks of Jerome Powell, the Fed chairman, who returned to insist within the framework of the IMF and World Bank assemblies that the reactivation is “incomplete”.

He also said that purchases of Treasury bonds to sustain the recovery and keep interest rates low will continue until there is “substantial progress.”

“It appears that this message sustained the stocks as well as the obligations,” said Karl Haeling, an analyst at LBBW.

vmt / jul / mr / gma

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