Time.news – Wall Street ends positively and updates its all-time highs. The Dow Jones, which during the session exceeded the 36,000 points threshold for the first time, finished up 0.26% to 35,913, once again taking advantage of the positive momentum determined by the excellent quarterly season. L’S&P 500 rose 0.18% to 4,613 points, while the Nasdaq it advanced by 0.63% to 15,595. The real star of the day, however, was Russell 2000, the small cap basket, which recorded a jump of 2.65%.
However, the exchanges remained cautious, pending the steering committee of the Federal Reserve, which will begin on Tuesday and Wednesday evening, will announce its decisions on tapering, the process of withdrawing the stimuli put in place to counter the economic effects of the Covid pandemic. According to analysts, the US central bank will leave rates unchanged and announce a reduction in purchases of $ 15 billion per month.
Another session to remember for Tesla, which gained 8.65% and hit a new record at $ 1,208.98 per share.
Since the end of September, the shares of the company founded and led by Elon Musk are splashed of 56%, pushing the company beyond $ 1 trillion in capitalization, sixth in history to do so
The new rise in oil prices, with the WTI closing on the Nymex with a gain of 0.57% at 84.05 dollars a barrel, gave the energy sector a breather. It was especially Devon Energy (+ 4.74%, Marathon Oil (+ 4.41%) and Apa Corporation (+ 3.66%) that shone. A Bank of America study estimates that Brent could reach $ 120 a barrel by mid-2022.
The shares of the companies that manage casinos are also positive, despite the one in Macau has announced a decline in revenues equal to 40% in the 12 months ending in October. Las Vegas Sands gained 5.75%, Wynn Resorts 4.32% and Melco Resorts & Entertainment 5.54%.
The rise in bond yields, on the other hand, penalized big techs. Alphabet lost 3.08% and Amazon 1.61%. The drops of Apple (-0.60%) and Microsoft (-0.68%) are more contained. Going against the trend, Meta, the former Facebook, moved up by 1.99%.
Harley Davidson it flew by 9.04% thanks to the agreement between the US and the European Union on steel. The agreement removes the risk that the manufacturer of the iconic motorcycles could incur duties of up to 56% on its imports to the old continent.
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