Wall Street cierra con claros avances, liderado por el 2,59 % del Nasdaq

Wall Street closes with clear advances, led by 2.59% of the Nasdaq

wall street closed this Wednesday with clear advances and the dow jones Industriales gained 1.29%, although the great beneficiary of the day was the Nasdaq, which rose 2.59% supported by good economic data in the US and business results.

At the close of the NYSEthe Dow Jones gained 416.33 points to 32,812.50 units, while the selective S&P 500 advanced 1.56% or 63.98 integers, to 4,155.17 points.

Much clearer was the rise in the Nasdaq market composite index, where the main technology companies are listed, which gained 2.59% or 319.40 units and closed at 12,668.16 integers.

The publication of an activity report on the US services sector, with much better data than analysts expected, encouraged investors

This indicator, which analyzes the business conditions of restaurants, hotels and retailers among others, it reached its maximum in three months in July and helps to drive away the specter of a recession.

Can read: Wall Street closes in red and Dow falls 1.23% amid China-US tension

In this sense, the comments of James Bullard, a member of the Federal Reserve (Fed), who again ruled out that the US is in recession right now, were also highlighted.

“With all the growth in employment in the first half of the year, it is difficult to say that there was a recession,” Bullard told the specialized network CNBC, reaffirming recent messages from the US authorities, who defend the good health of the economy despite that the country has chained two quarters of contraction.

The market also breathed a sigh of relief after the conclusion of the controversial trip to Taiwan by the speaker of the US House of Representatives, Nancy Pelosiwithout China for now having carried out major actions in retaliation.

This news, combined with positive results from several companies, helped Wall Street rebound on Wednesday after two consecutive days of losses.

Except for energy, which lost 2.97%, all sectors ended the day in green, led by technology (2.69%), non-essential goods (2.52%) and communications (2. 48%).

Between the 30 stocks of the Dow Jones the profits of Disney (4.10%), Apple (3.82%), Salesforce (3.19%) and Microsoft (2.78%) stood out, while the biggest setbacks were for the oil company Chevron (-2, 38%) on a day of sharp drop in the price of crude oil, which lost 4% and closed at 90.66 dollars a barrel.

In other markets, at the close of trading, gold fell to $1,781.9 an ounce, the yield on the 10-year US bond fell to 2.701% and the dollar remained stable against the euro, with a change of 1.017.

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