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The Nasdaq saves the 11,000 'in extremis' with the Dow Jones and the S&P 500 in green


The Dow Jones and S&P 500 have turned around in the closing bars of the session and have closed in the green while the Nasdaq has fallen close to 1% after set a new record this Thursday at 11,108 points. The technology index has been pressured by large values ​​such as Apple (-2.27%), Netflix (-2.82%), Microsoft (-1.79%) and Tesla (-2.48%). By highlighting something positive about his day, he has managed to save the 11,000 points 'in extremis'

The July labor data have shown the creation of 1.76 million jobs and a decrease in the unemployment rate to 10.2% from 11.1%. Data that have exceeded the forecasts of 1.6 million jobs and a drop in the unemployment rate to 10.5%.

Ranko Berich, director of the analysis team Monex Europe, states that, despite the high uncertainty about the data itself and the uncertainty about the future, "July report is as good as can be expected"The data suggests that the labor market" continues to recover and has not yet been affected by lockdown measures in many states".

In addition to employment, the other big topic of the day has been executive order who has signed Donald trump to veto companies that do business with ByteDance, the Chinese developer of TikTok, from 45 days.

"The US must take aggressive actions against the owners of TikTok to protect our national security," Trump has stated in the text of the order, which will eliminate the application in the US if it does not change hands (it is negotiating its sale to Microsoft).

Trump's order also affects WeChat, owned by the Chinese tech giant Tencent, in a new chapter in the trade war that Washington and Beijing are waging in multiple geopolitical spheres.

"There is still a long way to go in the technological war between the two countries, especially if Trump wins in November. I see little to no chance that China will not retaliate whether the United States bans TikTok or Microsoft successfully acquires it. This is just the beginning of another fight between the two nations, "explains Craig Erlam, an analyst at Oanda.

In this scenario, after the strong gains accumulated in recent days, large values ​​such as Apple, Netflix, Microsoft and Tesla they lead the collection of profits on the New York Stock Exchange.

Furthermore, the US bank Goldman sachs has lowered by 91%, until $ 197 million, the net attributable profit that he declared on July 15, when he presented his quarterly accounts, due to the impact on his accounts of the agreement reached with the Government of Malaysia to settle the looting the 1MDB fund.

And in other markets, the West Texas oil falls 1% to $ 41.56, while the euro it depreciates 0.5% and changes to $ 1.1816. In addition, the profitability of the 10-year American bond falls to 0.53%. For his part, gold it is trading flat but remains above $ 2,000 per ounce.

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