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Wall Street, a mid-term election run, drops sharply



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Wall Street, a mid-term election run, drops sharply
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AFP / File
/ Andrew CABALLERO-REYNOLDS

The mid-term column in Wall Street ended sharply higher, showing satisfaction at the end of the uncertainty surrounding the election, despite the legislative dangers proposed by the divided Congress.

According to the final results, the average value of Dow Jones Industrial Average after Wall Street's main index was 2.13%, reaching 26180.30 points.

The Nasdaq index with a strong technological color increased by 2.64% to 7,570.75 points.

The broad S & P 500 index rose 2.12% to 2,813.89 points.

"Interim elections and all uncertainty are behind us," commented Alan Skrainka from Cornerstone Wealth Management.

In spite of the chances of splitting the congress and possible regulatory disruption, investors were relieved to exit polls and enter the traditionally flourishing stock markets of the United States.

S & P 500, which includes 500 largest state-owned companies, has grown by an average of 13.8% since 1926, Wells Fargo said.

On Wednesday, the index jumped most thanks to the October downturn recession Wall Street, the expanded S & P 500 index, which was the largest month-on-year decline since 2011.

In this splendid session in which all eleven S & P 500 industry sub-indices improved, the health status was particularly significant, rising by 2.94%, due to the weaker regulation of drug prices.

"It seems difficult to imagine that both buildings in Congress adopt a common position on the decline in the price of medicines," said Skrainka.

Corruption and whitening

Significant progress has also been made in the discretionary spending and material industries.

The first, like the state of health, has traditionally grown significantly after the intermediate election, analysts Wells Fargo said. The second is projected that a major infrastructure plan will be adopted by Congress, one of the only projects that Democrats and Republicans could agree on in the coming months.

However, stock market indices responded slightly to the announcement of the departure of the US Justice Minister Jeff Sessions, who joined the long list of US government members or relatives left by the American president since the beginning of the year 45.

On the bond market, the US 10-year indebtedness fell at around. 21:45 GMT, reaching 3.224% compared to 3.228% on Tuesday night and 30-year debt 3.442% against the previous day 3.443%.

Between the day's values, the 21st Century Fox Media Group, which sells a large part of its assets to Disney, announced Wednesday mixed quarterly results that featured good promotional revenue, which allowed it to compensate for small entries in theaters. Its share price was 0.83%.

David Solomon, the new CEO of Goldman Sachs, on Wednesday resolved "alarming" accusations of corruption and money laundering against two former bank employees in a massive corruption scandal involving former Former Prime Minister of Malaysia Najib Razak. The title won 1.35%.

The technology sector experienced a strong growth rate, as it was during strong growth seasons: Amazon increased by 6.86%, Apple's 3.03%, and Alphabet (parent company with Google) by 3.62%.

July 2011 22:57:15 –
New York (AFP) –
© 2018 AFP

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