Take a fresh look at your lifestyle.

Wall Street continues buying and the Nasdaq again exceeds 10,000 points


Wall street keep buying and the Nasdaq again exceeds 10,000 points. The technology sector concentrates the preferences of investors after the pandemic because it is considered the main winner in the current scenario of economic uncertainty.

One of the main references this Friday has been the 'quadruple hour witch', the quarterly maturity of derivatives. A time when the 'strong hands' of the market adjust their positions for the next three months.

The first reaction of the market has been bullish and has brought the Nasdaq until near the historical maximum that marked a few days ago in 10,086 points. For his part, the S&P 500 it is trading above 3,100 points, less than 10% from its previous record.

At the moment, the market does not show excessive fear about the coronavirus expansion in US territory. So far, almost 2.2 million Americans have been infected and have died more than 118,000, according to data from Johns Hopkins University. The southern states are now the most affected, but there is no longer talk of confining the population, but of coexisting with the pandemic.


"How much more can the Nasdaq go up? No one knows, let's not kid ourselves," he says. José María Rodríguez, analyst at Bolsamanía. "The really important thing is not that. The important thing is that the trend is still impeccably bullish, building increasing minimums and maximums for more than ten years. Once again it has been shown that the strength remains on wall street and in technology, mainly ", concludes this expert.

In this sense, Goldman Sachs will continue betting on him technology sector considering that it meets the main positive conditions to lead the world stock markets in the short and medium term, as it has done during the last decade.

During the March crash and the subsequent recovery that global markets have registered, the sector has been supported by its quality, which Goldman summarizes in three reasons to buy these types of companies: "solid balance sheets, high profit margins and income resilience", has explained David Kostin, chief equity strategist at the US bank.

In other markets, the West Texas oil It rises 3%, to $ 40, following a stronger commitment from OPEC to cut output. Besides, the ounce of gold up 1.2% to $ 1,752, while the euro it depreciates 0.1% and changes to $ 1,1194. Finally, the profitability of 10-year American bond advances to 0.71%.


Leave A Reply

Your email address will not be published.