The us stock market rose yesterday, the S&P 500 peaked in early March
Wednesday’s trading us stock indexes finished a confident rise in this indicator the S&P 500 closed at the highest since early March.
The Dow Jones Industrial Average rose 369,04 paragraph (1,52%) – to 24575,9 points. Standard & Poor’s 500 scored 48.67 points (1.67 per cent) and amounted to 2971,61 points, reaching the highest level since March 6, according to Dow Jones Market Data. The Nasdaq Composite rose 190,67 paragraph (2,08%) – to 9375,78 points.
The market had stocks of technology companies that have grown tremendously in the course of trading. Also, investors were encouraged by the quarterly results of retailers.
The price of Facebook Inc (NASDAQ:FB). jumped 6%, the stock Amazon.com Inc. (NASDAQ:AMZN). rose by about 2%, reaching a record high.
The share price of biotech company Moderna Inc. grew by 2.5%. At the end of the previous trading session capitalization of the company decreased by 10.4% after the medical edition Stat questioned her of the results of the first phase of testing the vaccine against the coronavirus.
Shares of Target Corp (NYSE:TGT). fell by 2.9%. The company that owns the second largest U.S. chain of discount stores, reduced net income, but increased revenue and comparable sales in the 1st quarter of the 2020 fiscal year.
The price of the Lowe’s Cos. rose 0.1%. The owner of the second largest network of stores of home goods in the U.S. increased profit and revenue in the 1st quarter of the 2020 fiscal year, with both figures beat market expectations.
Shares Of Royal Caribbean Cruises Ltd. fell by 3.4%. American cruise company at the end of the 1st quarter was a net loss due to the suspension of all cruises in a pandemic.
Paper Harley-Davidson Inc (NYSE:HOG). added 4.2 percent. The largest motorcycle manufacturer in the United States this week to resume operation of the plant in terms of reduced production volume, the company will limit the range of motorcycles shipped to dealers.
Capitalization Johnson & Johnson decreased by 0.9%. The world’s largest manufacturer of medical products will no longer sell in the US and Canada baby powder based talc, which has caused numerous lawsuits against the company.
Stock quotes Halliburton Co (NYSE:HAL). increased by 7.2%. The second-largest oilfield services company in the world and the largest U.S. supplier of equipment for the oil industry reduced the size of quarterly dividends by 75%.
Shares of McKesson Corp (NYSE:MCK). rose 1.2%. Profit and revenue are a distributor of medicines exceeded the expectations of experts, while the annual forecast was weaker than expectations.
The market hopes for economic recovery against the background of a gradual lifting of restrictions by the authorities of the States.
“The next three to six weeks are likely to be important for financial markets, as most States are starting to different degrees to resume economic activity,” says a senior strategist at Wells Fargo (NYSE:WFC) Investment Institute on world markets Scott Rehn, quoted by CNBC. At the same time, “we continue to believe that consumer spending might recover more slowly than the market seems to expect now,” he said.
Indexes of the USA has closed below session peaks in connection with the news that the U.S. Senate has approved a bill that could eventually deprive many Chinese companies the opportunity to list shares on U.S. exchanges, attracting funding from investors from the United States.
Under the bill, Chinese companies will have to prove that it is not owned by a foreign government and are not controlled by them. In addition, they will have to undergo auditing oversight Board financial statements of public companies (Public Company Accounting Oversight Board, PCAOB).
Earlier, the President of the United States Donald trump criticized China in connection with the situation concerning the coronavirus pandemic.
“Some crazy in China just released a statement accusing the all China except in the virus, which at the moment resulted in the deaths of hundreds of thousands of people,” trump wrote in his microblog on Twitter. According to him, the reason for the “mass murder around the world” became the “incompetence”of China.