The Wall indices start the week with a new record

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The main Wall Street indices start the week at new historical highs after the successive outbursts of the previous week in the positive climate that have formed the strong results of the American companies for the previous quarter.

The industrial Dow Jones, the wider S&P 500 and the tech Nasdaq closed on Friday at new all-time highs. The S&P 500 has gained ground in six of the last seven weeks and in 16 of the last 18 sessions.

A boost in investment psychology was given by the final green light of the House of Representatives in the package of investments in infrastructure projects, totaling 1 trillion. US government dollars. The package is expected to give a new impetus to the US economy in the coming months.

Investment attention is expected later this week on data to be released on Wednesday on inflation, as speculation mounts that a price rally in recent months may force the Federal Reserve to raise interest rates sooner than expected. of.

The president of St. Louis Federal Reserve Bank James Bullard said today that he expects the Fed to double its interest rates by 2022 after the end of the bond-buying program by the middle of the year, although he noted that if necessary the central bank can accelerate developments. completing the program in the first quarter.

Indicators – Statistics

On the board, the Dow Jones industrial average gained 175.43 points or 0.46% to 36,498.44 points, while the broader S&P 500 added 9.67 points or 0.20% to 4,706.34 points. The Nasdaq technology is up 26.35 points or 0.16% at 15,999.58 points.

Of the 30 stocks that make up the Dow Jones industrial average, 20 are moving with a positive sign and 10 with a negative. The biggest gains were made by Caterpillar with gains of $ 6.46 or 3.14% at $ 212.34, followed by American Express at $ 181.95 with an increase of 2.97% and Walt Disney at $ 179.06. with gains of 1.95%.

The biggest losses are recorded by Nike (-3.42%), Procter & Gamble (-1.18%) and Coca-Cola (-0.70%).

In business developments, investors’ attention was drawn to Elon Musk’s Twitter poll on whether he should sell 10% of Tesla.

Musk’s followers on Twitter voted in favor of the 10% sale, with Musk himself making it clear that he would accept any outcome from the process. Shares of the car industry plunged more than 5%.


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