Wall Street closes with new records in the last 2020 session

The New York Bolsa will close its jews with new records in its last 2020 session, a year of advanced turbulence in financial markets and markets provoked by the covid-19 pandemic.

See the final results at the closing, the Dow Jones recorded a new record after the whip with 30,606.48 points, which means an altitude of 0.65%.

The indexed S&P 500 increased a new record of 3,756.07 points, with a subsidy of 0.64%. The Nasdaq, the technological component, has a 0.14% lead, a score of 12,888.28.

“The start-up session is clear, with investors returning their profits after this, the market replicates that it will last all year and end with a good note,” commented Peter Cardillo, of Spartan Capital Securities.

While the Dow Jones and the S&P 500, the most representative of the Canadian market, the newcomers’ jewelery market, the Nasdaq, which focuses on the great values ​​of technology, is advancing more.

“We will assist in a small rotation at the end of this year, with the inverse customers preferring technology sales” to share with the titles of the traditional economy, added the analyst.

“If for ‘Hoofstraat’ [el gran público] he was horrible, for Wall Street, fantastic! ”, Concludes Patrick O’Hare, of Briefing.com.

The four markets will be closed for sale during the New Year holiday.

Over the course of 2020, Dow Jones de Industriales rose 7%; the select S&P 500 a 16% and the Nasdaq composite index a 44% meteor, the best return since 2009, thanks to the great technological values ​​that benefited from the confinement phase and the digitization of work and the ocean.

On March 16, a “black moon” was observed as it had been known since 1987, when the economic paralysis was ordered by countries and regions to contain the contagions of the virus provoking panic attacks, and a week after the S&P 500 raised funds, accumulating a loss of 34% since the beginning of the year which does not delay drilling.

Spoiled by Donald Trump’s Gobierno estimates and a monetary aid deed precedent by the Federal Reserve, the highest market salaries in history in 33 days and surfearon the crest of an oil deal led by Apple, Alphabet, Amazon, Microsoft, Facebook or Tesla has been launching new records since August 18th.

The star for many analysts is the electric car maker Tesla, which joined the S&P 500 group in December and has lost 743% since last year, prompting its founder and delegate, Elon Musk, to be second on the list of world fortunes by Bill Gates.

In the S&P 500, Tesla has followed the sale platform of Etsy (300%) artisanal products (N%), the Nvidia chip maker (120%) or Paypal internet company (113%), while on the Nasdaq has launched the “quedarse en casa” companies such as Zoom (400%), video conferencing, or Peloton, “spin” machines (434%).

Peor parte se la han llevado las actions related to tourism, such as airlines, cruisers and hotels; He once shared the bursal focus with the major pharmaceutical companies, such as biotechnology companies, which work with counterparts in vehicles and treatment to combat the pandemic, such as Pfizer, Moderna and AstraZeneca.

Exactly these are the last companies, with their results results of efficiency, followed by reasons for the optimism on Wall Street in the last months of the year of the pandemic, about all but the bronze elections in the presidential election on November 4 ” how to prepare for polls and upload the vote.

In other markets, Texas oil lost 20% of its value to $ 48.52 across April crashes, in that first of all the contracts of the WTI will incur a negative price; and for this purpose he has the most brilliant ownership in a decade, revalued by 20% up to $ 1,900 per ounce.

The most popular cryptocurrency of the world, the bitcoin, also had a year ago: first over $ 20,000 in December and promised to raise $ 29,000 in the last few days, powered by corporate support like Square or Paypal.

Analysts say that thanks to the close commissions of offer, there are more correction platforms in the United States, the small investments made by the mass market have reached the point of representing a 25% share of bursary activity in 2020, according to Citadel Brokerage Secur , which also influenced the great recovery of the last saliva and bolsa.

Three of the most successful ballot boxes in the stadium have been produced just this year: Airbnb, Doordash and Snowflake, while they have lost the popularity of SPACS ‘blank check companies’ operations , contributing to mergers with emerging market firms.

With AFP information on EFE

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