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Wall Street continues shopping: the Nasdaq, at the gates of 11,000 points


Wall street (Dow Jones + 0.90% S&P 500 + 0.72%; Nasdaq 1.47%) continues to buy after closing July with solid gains. He S&P 500 it increased by 5.5% last month and this Monday it was close to 3,300 integers, very close to its historical maximums for February, at 3,393 integers.

Although the big winner is still the technology sector, led by values ​​like Apple and Microsoft, which last Friday shot up 10% after publishing its results. He Nasdaq it increased by 6.8% in July and on this day it has marked a new historical maximum at 10,907 points.

The index that groups the values ​​of technology and biotechnology accumulates a 21% appreciation as far as the year is concerned and it is quoted on a free rise, the best technical situation for any underlying.

In this first week of August, US investors will be watching for various references. On an economic level, on Wednesday the PMI services and non-manufacturing ISM of China, Euro Zone and USA in July.

During this session, the data of the Manufacturing sector corresponding to the month of July in the main world economies. And in all of them they have exceeded expectations. In the US, the ISM manufacturing It has risen to 54.2 from 52.6 and has exceeded the forecast of 53.6.

In addition, on Thursday the July private employment figures from consultancy ADP, a leading indicator of Friday's official employment numbers. The consensus expects the creation of 2 million jobs and a drop in the unemployment rate to 10%.

On the political scene, the debate between republicans and democrats about new fiscal stimulus program, which is negotiated by the American Congress. "Despite pressure from the Democratic party to wear President Trump down in the November presidential election, we believe that the aid package will finally be approved"Link Securities analysts say.

On the other hand, any news about the coronavirus crisis It will be another determining factor, both on the side of Covid-19 expansion and outbreaks and on possible advances in clinical trials that develop vaccines and treatments.

In the business landscape, Google has reached an agreement to buy 6.6% of the alarm and security systems firm ADT for $ 450 million (384 million euros).

Also, Microsoft has confirmed its intention to buy the music microvideos platform TikTok in the United States after its CEO, Satya Nadella, has had a conversation with the American President, Donald Trump, who had announced his intention to ban the Chinese application in the country.

And in other markets, the West Texas oil up 2.2% to $ 41.20, while the euro it depreciates 0.2% and changes to $ 1.1750. In addition, the profitability of 10-year American bond It rebounds slightly to 0.56%.

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