<style type="text/css"> .wpb_animate_when_almost_visible { opacity: 1; }</style>

Wall Street remains on its upward momentum

Wall Street remains on its upward momentum


The New York Stock Exchange remained on its upward momentum at the opening Friday, always encouraged by the prudence of the Federal Reserve and rising oil prices, and following the example of major European stock exchanges: the Dow Jones gained 0.48% and Nasdaq 0.32%.


Around 9:40, the index Featured Dow Jones Industrial Average was progressing 84.37 points 17 565.86 points and the Nasdaq, dominated by technology, 15.38 points 4790.36 points.

Particularly monitored by investors, the broader S & P 500 advanced 7.97 points or 0.39% to 2048.56 points seeming poised to garner a fifth consecutive week of increase and erase the disastrous early stock market year.

In Toronto, however, the S & P / TSX has taken an opposite direction from the opening and at 10:50, he yielded 0.39% or 53.70 points 13 567.60 points. This is despite a gain of 1.12% or US $ 0.45 in the price of a barrel of oil, which was displayed at US $ 40.65 a barrel

Wall Street finished higher on Thursday: the Dow had gained 0.90% to 17,481.49 points beyond its closing December 31, 2015 for the first time of the year and the Nasdaq 0.23% to 4774.99 points.

"The strength of the oil will keep buyers in the market, which seems especially stay away in its tracks as it was virtually unique since February 11" and its lowest levels of the year, noted Patrick O'Hare among Briefing.

This momentum was accompanied by a fall in volatility, "investors have withdrawn their cover upside risks," noted Mr. O'Hare.

Several Federal Reserve officials were scheduled to speak Friday, but after the decision Wednesday to leave the interest rates unchanged and the reluctance to continue this year showed the slight monetary tightening initiated in December, few investors s 'expected them to weigh on the market.

The bond market was hesitant. The yield on ten-year Treasury fell to 1.893% against 1.900% Thursday evening, and that good and 30 was almost unchanged at 2.690% against 2.689% previously.

Share Post
Written by

Master of Economics, University of Harvard, worked as an analyst in a few large companies and specializes in many countries. Currently owned by a large company that conducts assessment of investment attractiveness in the various countries of the world.