Wall Street closes with Nasdaq index record

Wall Street closes with Nasdaq index record

All these indicators fuelled Wall Street ‘s green trend, which was also reported in the Nasdaq indicator this Monday. That index, which brings together the most important technology companies on the market, rose 1.13 per cent or 110.66 points on Wall Street this Monday and stood at 9,924.75, surpassing its last all-time high it sealed on February 19, before the country’s coronavirus outbreak.
For its part, the Industrial Dow Jones accelerated close to the bell and rose 1.70% or 461 points, to 27,572.44 integers; while the selective S&P 500 advanced 1.20% or 38.46 points, to 3,232.39 integers, also erasing the losses it had accumulated for the year as a whole, however, it is still 4.5% below the record that it imposed in February, when the recession officially began.

By sectors, energy companies (4.32%), utilities (2.64%), real estate (2.15%) and industrial (1.97%) led the increase on Monday. Among the firms that rose the most this Monday are tourism, one of the sectors most impacted by the coronavirus crisis, with strong advances in the airlines American Airlines (9.25%) and United (14.82%), the MGM hotel chain (9.39%) and Carnival cruises (15.81%), among others.

An interesting fact in the week beginning session was the notable rise of Boeing aeronautics (12.20%), followed by Dow Inc (4.39%), Walgreens (3.68%), American Express (3.59 %) or Exxon Mobil (3.13%). On the other hand, the operators also reacted positively to the announcement by the Federal Reserve that it changed the conditions of its loan program for small and medium-sized companies with the aim of facilitating access to them and allowing them to reopen as soon as possible amid the recovery.