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Mixed sign on Wall Street, S&P 500 resisting all-time highs


Wall street (Dow Jones + 0.12%; S% P 500 -0.02%; Nasdaq -0.21%) has turned red after several relevant economic data. The July retail sales they have rebounded 1.2%, below the 1.9% anticipated. However, Control Group retail sales, which directly affect the GDP calculation, have risen 1.4%, above the 0.8% anticipated.

Besides, the second quarter labor productivity it has risen 7.3%, well above the 1.5% expected. Although labor costs have shot up 20.7%, above the 16.4% forecast.

On the other hand, the Industrial production July has risen 3%, in line with the forecast and the consumer confidence August has risen to 72.8, above the 72 expected.

To highlight, the S&P 500 it is still very close to its previous all-time high in February, although this Friday, as on Thursday, it turned slightly lower after trying to overcome it and closed with a slight drop.

For technical analysis, exceed the previous maximum, "with ease and if it can be in weekly candles better than better, would put the S&P on an absolute free rise, with the upward implications that this usually has for any underlying in the same situation, "he explains Jose Maria Rodriguez, an analyst at Bolsamanía.

At the business level, Epic games, the creator of 'Fortnite', has filed lawsuits against Apple and Google after they removed the one of the well-known video game from their respective application stores.

For its part, US Federal Reserve (Fed) has announced that it is building and testing a hypothetical digital currency. However, it has clarified that it does so as part of the program to improve understanding about digital currencies and not as an equivalent to cash, something for which a long process is needed.

And in other markets, the West Texas oil falls 0.1% to $ 42.22, while the euro it appreciates 0.01% and changes to 1.1813 dollars. In addition, the profitability of the 10-year American bond it drops to 0.70%.

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