Wall Street closed mixed, and the Dow Jones rose by 0.70%
Wall Street closed this Monday in a mixed zone. Its primary indicator, the Dow Jones Industrials, advanced by 0.70%, with investors betting on the economic recovery at the beginning of May.
At the close of the NYSE session, the Dow Jones added 238.38 points to 34,113.23 units. The selective S&P 500 added 0.27% or 11.49 points, to 4,192.66 units.
The Nasdaq composite index, which brings together the leading technology companies, sank by 0.48% or 67.56 points to 13,895.12 units.
By sectors, the highest increase was for energy companies with a 2.91% increase. Basic materials gained 1.53%, and the health sector increased by 1.17%. Conversely, the non-essential goods sector yielded 0,66%.
Investors bet on retail stocks
The New York stock market opted for actions related to the return to normality after the covid-19 pandemic.
New York, New Jersey, and Connecticut states will raise most of their capacity restrictions this month.
Investors bet on the shares of retailers such as Macy’s or Gap and more moderately on those related to tourism.
On the flip side, there were mixed data in terms of productive activity. The IHS Markit firm showed record growth in April, but the ISM index pointed to a slowdown, which puzzled the market.
Wall Street observed best returns in April
Wall Street said goodbye to April with solid gains. The Nasdaq gained 5.4%, the selective S&P 500 added 5.2%, and the Dow Jones Industrials increased by 2.7%. The three indicators were close to their records.
In the Dow Jones listed group, the progress of Dow Inc (3.28%), Amgen (2.40%), Chevron (2.39%), and Walgreens (2.26%) stood out.
Half a dozen firms ended in the red, with the most significant losses for Salesforce and Intel.
In addition, Verizon rose by 0.22% after announcing the sale of its media business, which includes Yahoo and AOL. Apollo investment fund dropped by 0.54%.
User Review( votes)
Get the latest economy news, trading news, and Forex news on Finance Brokerage. Check out our comprehensive trading education and list of best Forex brokers list here. If you are interested in following the latest news on the topic, please follow Finance Brokerage on Google News.