The stock Exchange of Wall Street has finished up (Photo Bryan R. Smith. AFP)
Wall Street finished higher Wednesday, benefiting from a progression of energy values in the wake of the oil price and financial after a new passage rate to 10 years on the u.s. debt above 3%.
According to provisional results at the close, the index featured Dow Jones Industrial Average, has taken about 0.75% to 24.542,54 points.
The Nasdaq, in high coloring technology, has gained 1.00% 7.339,91 points.
The expanded index S&P 500 has advanced 0.97% to 2.697,79 points.
The values of the energy sector have dominated the trend in Wall Street, advancing 2.03% on average in the S&P 500, the largest increase of the 11 sectors that make up the index expanded.
“We feel a return of the appetite for a sector long overlooked by investors,” noted Nate Thooft of Manulife AM.
It was pushed Wednesday by a new jump of the oil prices to the highest since November 2014, the day after the announcement by Donald Trump of the american withdrawal from the agreement on the iranian nuclear issue and a return of the sanctions.
These sanctions could affect as little iranian exports of crude oil.
American companies related to the oil market benefited as a result of the increase in the price because “it encourages mining companies to undertake more investment spending,” said Stewart Glickman, the research firm CFRA.
The major oil companies ExxonMobil (NYSE:XOM) and Chevron (NYSE:CVX) were taken respectively of 2.36% and 1.70%, as the oil services company Schlumberger (+1,93%).
The bond market was tightened by its side: the Treasury yield 10-year rising to 3,004%, compared to 2,976% on Tuesday night.
The rate on ten-year back above the symbolic threshold of 3% that it had taken the end of April for the first time in four years.
The values of the financial sector, sensitive to these rate increases, “benefit”, noted Mr. Thooft, the index of the representative in the S&P taking of 1.50%.
The rate of return to 30 years evolved to 3,160%, compared to 3,130% to the previous closing.
On the front of inflation, output prices have increased less than expected in April from +0.1% in April as against +0.2 per cent expected, the brokers waiting for especially the report on consumer prices on Thursday.