US stocks close higher after volatile session with limited breath

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New York stock markets showed a negative picture in the early hours of trading, but reversed the signal throughout this Thursday (18).

The picture, however, was one of volatility and relatively limited gains, with the energy sector leading gains and technology and communication services stocks also showing a positive picture.

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The Dow Jones Industrial Average closed up 0.06% to 33,999.04 points, the S&P 500 rose 0.23% to 4,283.74 points and the Nasdaq rose 0.21% to 12,965.34 points.

After a slightly negative opening, the exchanges came to punctually extend losses, keeping an eye on indicators.

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US pre-owned home sales were down 5.9% in July from June, but slightly below the 6.1% forecast by analysts polled by Wall Street Journal. Claims for unemployment benefits dropped 2,000 in the week in the US, to 250,000, compared with analysts’ forecast of 260,000.

In the middle of the day, stock indices improved, showing a mixed picture. Later on, they gained a little more momentum. Among sectors, oil helped the energy sector lead the gains, with ExxonMobil up 2.36% and Chevron up 1.75%.

The technology sector also displayed a generally positive picture, along with communications services, which supported the Nasdaq. Intel gained 1.17%, Amazon was up 0.14%, Alphabet was up 0.52% and Snap was up 3.89%. Already Microsoft retreated 0.39% and Apple lost 0.23%.

Among stocks in focus, Bed Bath & Beyond slipped 19.63% after news that billionaire investor Ryan Cohen may sell his stake in the retailer.

For Wells Fargo, the company’s shares would have reached a level that would be “out of touch with economic reality”, after the paper was supported in recent months by buy recommendations that circulated on the internet.

*With information from Dow Jones Newswires

Source: CNN Brasil

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