Wall Street closes with slight gains 

After a rough day, Wall Street closed with slight gains this Wednesday. The day was marked by the rise of the energy sector and volatile increases in companies associated with the Gametop phenomenon and internet memes. 

At the close of the NYSE session, the Dow Jones rose by 0.07% and added 25.07 points, to 34,600.38. At the same time, the selective S&P 500 advanced by 0.14% or 6.08 points, to 4,208.12, approaching its last record registered in May.

The Nasdaq Composite Index, listing the main technology companies, increased by 0.14% or 19.85 points, to 13,756.33.

By sectors, energy companies stood out, gaining 1.74%. Occidental Petroleum hiked by 2.60%, Chevron added 1.40%, and Marathon Oil increased by 1.09%.

This increase is linked to the continued rise in oil prices due to optimism about the economic recovery in the US and the promising outlook for fuel demand.

AMC cinema chain – the biggest winner of the day

The NYSE went through another day marked by trading flat pending the beige book of the Fed. The central bank has reported that the national economy expanded at a moderate rate from early April to late May. It resulted from vaccines and lockdown relaxation measures, despite supply chain disruptions.

On the other hand, Wall Street, which awaits the monthly employment report this Friday, saw a 102% rise in the AMC cinema chain.

AMC had to stop operations several times due to high volatility. This comes after launching a platform for its retail investors offering free popcorn, among other things.

Other associated firms also profited, such as GameStop (13%) and Blackberry (32%).

In the group of the 30 listed on the Dow Jones, the advance of Walgreens, Visa, IBM and Intel stood out.

The most affected were Dow Inc, with a drop of 2.07%, and Walt Disney, which lost 1.02%.