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Wall Street closes with triple record while geopolitics takes a break

Wall Street closes with triple record while geopolitics takes a break


Wall Street closed Thursday with three new records after the geopolitical tensions between Iran and the United States have taken a break and after confirmation that Chinese Deputy Prime Minister Liu He will attend to Washington next week to sign the first phase of the trade agreement.

At the close of the session at the New York Stock Exchange, the Dow Jones of Industrials rose 0.76% or 218.07 points, to a record high of 28,963.43 integers; and the S&P 500 advanced 0.67% or 21.65 points, to 3,274.70.

The Nasdaq composite market index , which brings together major technology companies, progressed 0.81% or 74.18 points, to 9,203.43.

All sectors closed in positive territory, with a special push from technology (1.13%), financial (0.77%), energy (0.76%) and essential products (0.73%).

Investors have received with enthusiasm the confirmation that the Chinese Deputy Prime Minister will travel to the United States to seal what was announced last December and complete phase one of the trade agreement between the two powers.

In addition, the words of the president of the United States, Donald Trump, have reassured the Dow first thing in the morning.

Trump said he did not believe that the accident of a Ukrainian commercial aircraft in Iran at dawn on Wednesday was a matter of mechanical dysfunction attributable to the model’s manufacturer, Boeing (NYSE: BA ), as later confirmed.

Apparently, the accident, which caused 176 deaths, was caused by the impact of an Iranian missile that seems “unintended,” said Justin Trudeau, president of Canada, home country of 63 of those killed.

Despite these events, markets perceive that the reduction in tensions between Iran and the United States could be definitive or at least lengthen for a while.

Meanwhile, Wall Street already has its sights set on the milestone of the Dow’s 29,000 points while some analysts point cautiously to a possible slowdown after a 2019 year of records.

Among the 30 listed Dow Jones earnings dominated, especially Apple (NASDAQ: AAPL ) (2.12%), whose shares were spurred by the sales data of its iPhone 11 in China during the month of December.

Companies like Goldman Sachs (NYSE: GS ) (2.04%), Coca Cola (NYSE: KO) (1.82%), American Express (NYSE: AXP) (1.81%), Home Depot also closed in green (NYSE: HD) (1.53%) and Boeing (1.50%), which shyly recovers from the losses harvested in the previous session after the accident of its plane in Iran.

In red, Walgreens (NASDAQ: WBA ) (-2.06%) declined again, which continues to accuse bad data of its quarterly results.

They also closed down Dow Inc (-1.02%), United Health (NYSE: UNH ) (-0.57), Pfizer (NYSE: PFE) (-0.44%), Cisco (NASDAQ: CSCO) ( -0.42%), Verizon (NYSE: VZ ) (-0.41%) or Walt Disney (NYSE: DIS ) (-0.39%)

In other markets, Texas oil yielded a slight 0.2%, to $ 59.56; and at the close of Wall Street, gold fell to $ 1,552.40 an ounce, the yield of the 10-year Treasury bond fell to 1,862% and the dollar lost ground against the euro, with a change of 1,1104.

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