The New York stock Exchange, after opening sharply lower, is included in the session and finished in the net increase (Photo . )
The New York stock Exchange, after opening sharply lower, is included in the session and finished in clear rise, reassured about the risk of “kindling” of commercial relations between the United States and China.
According to the final results at the close, the index featured Dow Jones Industrial Average has taken on 0,96%, or 230,94 points, 24.264,30 points.
The Nasdaq, in high coloring technology, to 1.45%, or 100,83 points, 7.042,11 points.
The expanded index S&P 500 rose 1.16%, or 30,24 points, 2.644,69 points.
The three main indices on Wall Street had opened down nearly 2% Wednesday after the publication the previous day by the United States to a provisional list of products imported from China may be subject to new tariffs, for an amount of approximately 50 billion dollars.
Beijing had quickly replicated, for its part, the soy, the automobiles and airplanes of american business.
“The market has had a reflex mechanics-of-sale announcement of the sanctions, chinese and american, but was then asked questions,” said David Levy of Republic Wealth Advisors.
The actors of the market “hope that just as steel and aluminum, these threats are part of a trading plan and find a middle way,” noted for its Art Hogan of Wunderlich Securities.
The hopes nourished by the comforting words of the new economic adviser to the White House during the session, the media Larry Kudlow claimed on the television channel Fox Business that he understood “the anxiety of the markets” but that all parties would be largely winning in the end.
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Moreover, the creations of jobs in the private sector grew strongly in march, to 241.000 new jobs created, exceeding the forecasts of analysts, according to the monthly survey from ADP.
“This is a very high figure, which reminds us that the United States continue to show good economic indicators,” noted Mr. Levy.
Industrial orders in the United States, by contrast, expanded less than expected in February, according to the department of Commerce, and the growth of activity in services slowed slightly in march.
The bond market is centered in the end of the session: the borrowing rate to 10 years of the United States amounted to 2,802%, compared to 2,775%, on Tuesday evening, and to 30 years to 3,040% against 3,011%.
Among the values of the day, car manufacturers, very dependent on the chinese market and directly threatened by Beijing have returned with the easing of fears of war commercial, with the image of General Motors (NYSE:GM) (+2,95% 38,03 dollars), and Ford (NYSE:F) (+1,61% to 11,33 dollars). It is very volatile for more than a month, the title of the electric car-maker Tesla has made 7,26% 286,94 dollars.
Very affected also by the beginning of the session by a threat from China on the aerospace sector, Boeing (NYSE:BA) managed to limit its losses at the close (-1,03% to 327,41 dollars).
Facebook (-0,65% 155,10 dollars) was relatively little affected by a new twist in the scandal Cambridge Analytica Wednesday. The social network was estimated at about 87 million, against 50 mentioned so far, the number of people whose personal data have been recovered without their knowledge by the british firm.
Spotify (NYSE:SPOT) is down again on the occasion of its second day of trading on Wall Street (-2,11% to 145,87 dollars). On Tuesday, the title had lost 10,18% on the occasion of its first steps, but had benefited from an introductory price (165,90$) and value ($29.5 billion) much higher than the estimates of analysts.