S & P 500 and Nasdaq rise to record level at the end of the working week :: Investor.bg

The S & P 500 and Nasdaq have risen to a record high at the end of the week

Photo: Reuters

Wide measurement S & P 500 and the technology index Nasdaq rose to the highest level in history on Friday and Netflix shares rose, according to CNBC.

The broader market has also grown since it is President Jerome Powell of the Federal Reserve identified the US economy as "strong".

S & P 500 increased by 0.6% and the week ended at 2874.69 points as a result of growth in the raw materials and technology sectors. The Friday session brought the first record of the January 26 index. The technological indicator Nasdaq advanced by 0.9% and ended at 7945.98 points.

The price of the Netflix increased by 5.8% analysts from Sun Trust improved the share ratings and predicted that the company would grow thanks to its success outside the US. The shares of the video stream giant had a strong week and added more than 10% to their value.

The blue chip benchmark Dow Jones industrial average jumped 133.37 points and reached a level of 25 790.35 points DowDuPont was the best performing company in the index.

Fed chairman Jerome Paular delivered a speech at an annual meeting of the central bank in Wyoming, where the future of monetary policy was discussed.

He said he saw a "new gradual" rise in interest rates, pointing out that the economy was "strong" and could cope with a harder monetary policy.

The mood of investors was also strengthened by strong reports and robust economic data released earlier this week.

retailers Lowe & # 39; s and target presented better-than-expected reports this week, resulting in 9% and 5.1% share price spikes.

At the same time weekly US unemployment claims decreased to 210,000 – close to values ​​that have not been observed since 1969

"Data show that the economy is strong and consumers continue to spend," said Tim Courtney, Chief Investment Strategist at Exencial Wealth Advisors. "But investors do not like" stories that could endanger the market, he adds.

The strong performance of retailers contributed to the fact that the main indices showed a slight weekly increase when investors picked up their concerns about Trump's new problems. S & P 500 and Nasdaq add 0.9% and 1.7% respectively to their value. Dow this week saw a modest growth of 0.5%.

The former personal lawyer of Trumpe Michael Cohen On Tuesday, he accused eight of his allegations of tax evasion, violating campaign funding rules and bank fraud. Cohen also admitted that he had paid for the silence of two women who claimed to have had an intimate relationship with the president. At the same time, it is the former head of Trump's election headquarters Paul Mannorth was found guilty eight batches in a separate case.

Investors also remain under the influence of trading interests The US and China have ended the talks this week without a major breakthrough. They took effect earlier in the week new customs duties on American and Chinese goods.

The yield on the bond markets is up 10 years US government securities rises to about 2.822% and revenue 30-year government paper decreased to 2.971%.

On currency markets the dollar index, which measures the value of the US currencies against a basket of six major currencies, falls by 0.5 percent to a level of 95.16 points after the speech of the President of Federal Reserve, Jerome Powell. At the same time the euro increases its value against the dollar by 0.71% to $ 1.1619.

In the commodities market, oil prices rose on Friday, but the market remains concerned about the potential oversupply, despite indications that sanctions against Iran may lower revenues.

American light crude oil WTI added 89 cents to $ 68.72 per barrel. For the week, growth was 4.3%, so the losing series was interrupted in seven consecutive weeks.

The oil variety Brent $ 1.02 to $ 75.75 per barrel. De Brent is about to take up 5% growth every week after three consecutive weeks with drops.

The price of gold has risen against the background of the decline in the value of the dollar. US futures on precious metals with delivery for December increased by $ 19.30 to $ 1213.30 per troy ounce.

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