Wall Street closed in green, and the Dow Jones rose 0.54%
Wall Street closed in green this Monday. The Dow Jones of Industrialists, its primary indicator, rose by 0.54% in a day marked by the rebound of technology. Companies benefited from the economic reopening.
At the close of the NYSE session, the Dow Jones added 186.14 points to 34,393.98. Meanwhile, the selective S&P 500 rose by 0.99% or 41.19 points, to 4,197.05.
The Nasdaq composite index, listing the leading technology companies, gained 1.41% or 190.18 points to 13,661.17.
The New York stock market started in green, leaving behind fears of rising inflation in the US, which has generated strong stock sales, focusing on the economic recovery.
According to Fahad Kamal of Kleinwort Hambros, inflation concerns have diminished. There is greater recognition that inflation will be transitory. This reflects the fact that we have reached the fastest part of the recovery.
Google, Facebook, and Microsoft soared more than 2%
Shares of big tech appreciated, with Alphabet and Facebook surging more than 2.5% and Microsoft above 2%. Apple shares gained 1.33%.
Likewise, there was a trend of buying shares in travel and transportation companies such as American Airlines, Carnival, or United Airlines, which enjoyed more than 1%. They also benefited from the lifting of the restrictions imposed to avoid the expansion of the pandemic.
By sectors, the vast majority closed the day in green, with communications leading by an increase of 1.85%. It is followed by technology with a 1.76% profit and real estate with a gain of 1.06%. Meanwhile, only public services closed negative.
Among the 30 companies listed on the Dow Jones, Microsoft stood out with a surge of 2.29%. Salesforce followed it with a gain of 1.98%. Cisco rased by 1.83%, and Intel added 1.57%.
Worse performers of the day were Amgen (-1.29%), Home Depot (0.29%), and Travelers (-0.22%).