New York, May 27 . .- Wall Street closed this Wednesday in green and its benchmark indicator, the Dow Jones Industrials, rose 2.21%, which led it to exceed 25,000 points for the first time since March. , fueled for the second day in a row by the optimism that the reopening of the economy is creating in most of the US
At the end of operations on the New York Stock Exchange, the Dow Jones rebounded 553.16, standing at 25,548.27 integers, while the selective S&P 500 advanced 1.48% or 44.36 points, to 3,036.13 integers , so this index also closed a good day by overcoming the 3,000 barrier.
For its part, the Nasdaq composite market index, which brings together the most important technology companies, rose 0.77% or 72.14 points, to 9,412, 36 integers.
The banking sector benefited from the good session on Wednesday, among them JP Morgan Chase (5.79) and American Express (7.33%), while the companies that were driven by the quarantine declined, such as Zoom (- 1.24%), Shopify (-2.33%) or Amazon (-0.47%).
This is a “signal” that investments are beginning to rotate, “something we should start to get used to” given the improved financial situation, according to National Securities chief market strategist Art Hogan.
The revival of the economy is beginning to take place in the US with the reopening of a large part of the 50 US states, which has led, for example, the governor of New Jersey, Phil Murphy, to announce on Tuesday the resumption of competitions and training of professional sports teams .
Experts point out that the market is beginning to register a marked rise, but that there has been “a lot of skepticism” about the recovery, although now “we are beginning to see that there is evidence that the data is changing,” according to the chief of strategy. from MKM Partners Market, Michael Dada.
“Real estate market numbers are looking better than expected. With the reopening, virtually all states are now seeing activity after very low numbers,” he added.
This Wednesday, the US Mortgage Bankers Association reported a sixth consecutive week of increase in mortgage applications, while new data for April home sales on Tuesday beat estimates.
The market was also boosted by statements by the director of the National Institute of Allergy and Infectious Diseases, Anthony Fauci, who stated that the US I was able to avoid a second wave of coronavirus infections later this year.
By sector, the gains of the financial (4.34%), the industrial (3.34%) and the real estate (2.15%) stood out, in a day in which none of the eleven sectors of Wall Street ended in negative .
In the Dow Jones group of listed companies, the increases of American Express (7.33%), Goldman Sachs (6.94%) and JP Morgan Chase (5.79%) also stood out, compared to Walmart’s losses (-1 , 11%), Visa (-0.21%) and Pfizer (0.21%).
In other markets, Texas oil fell 4.48% to $ 32.81 a barrel on renewed tensions between the United States and China over the coronavirus pandemic, protests in Hong Kong and possible trade repercussions.
At the close of Wall Street, gold fell to $ 1,726.80 an ounce, the yield on the 10-year Treasury bond fell to 0.695% and the dollar fell against the euro, with a change of 1,1001.