Wall Street ends sharply higher, boosted by technology

Traders at the New York stock Exchange, on march 29, 2018 (Photo Bryan R. Smith. AFP)

Wall Street rose sharply Thursday, at the closing, the technology is picking up after a roller-coaster ride throughout the week shortened by a public holiday on Friday.

According to the final results at the close, the index featured Dow Jones Industrial Average, has gained 1.07 per cent, or 254,69 points, 24.103,11 points.

The Nasdaq, in high coloring technology, has taken on 1,64%, or 114,22 points, 7.063,45 points.

The expanded index S&P 500 advanced 1.38%, or 35,87 points, 2.640,87 points.

These three indices are displayed up to the end of a hectic week on Wall Street, markets were closed on Friday due to a public holiday.

“The values of the tech have declined sharply during the previous two sessions, they will resume logically although it is still too early to determine if this is a technical rebound where a recovery is more sustainable,” noted Nate Thooft of Manulife Asset Management.

Those grouped in the sub-index technology S&P 500 have advanced 2.17% and have a weekly progress of 1.71%.

Even Amazon (NASDAQ:AMZN), strongly heckled Wednesday and Thursday because of rumors and comments outspoken Donald Trump has finished up 1.11% on Thursday.

Alphabet (mother house of Google (NASDAQ:GOOGLE), +3.18 per cent), Netflix (NASDAQ:NFLX) (+3,35%), Twitter (NYSE:TWTR) (+1,97%) have taken advantage of this back to the tech.

Thursday’s session also ended the first quarter on Wall Street, where the Dow Jones and the S&P 500 have posted their first decline in the last ten quarters, but the Nasdaq has managed to present a seventh consecutive quarter of increase.

– Facebook (NASDAQ:FB) rebounds –

The optimism of Thursday has also been fostered by economic indicators rather good.

The inscriptions weekly unemployment in the United States fell to their lowest level in 45 years, and household incomes have increased faster (+0.4 percent) than their spending (+0.2%) in February.

The morale of households has been increasing in march.

Economic activity in the Chicago region, however, has slowed its increase for the same month, contrary to analysts ‘ expectations.

After having already grown strongly in previous sessions due to fears in the Stock market, the bond market continued to advance: the rate of return on Treasury bills to 10 years declined to 2,738%, compared to 2,781% Wednesday night and one for 30-year 2,974% compared with 3,021% the day before.

The rates to 10-year-old has found his level, there are almost two months.

Among the values of the day, Facebook (+4.42% to 159,79 dollars) resumed a few forces having very heavily fallen in the last two weeks in the wake of the scandal Cambridge Analytica concerning the undue use of data on the social network. The course was advanced on Thursday despite a speech rather critical on the eve of the boss of Apple (NASDAQ:AAPL), Tim Cook.

The manufacturer and distributor of alcoholic beverages, Constellation Brands has increased (+3,37% to 227,92 dollars) after posting quarterly results above expectations.

Tesla was a bit taken back (+3,24%) after having declined from 7.7% the previous day, and almost 28% over one month, the manufacturer through a difficult period marked by the doubts of investors about its future and a fatal accident involving one of its vehicles.

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