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Wall Street rises: looking to end the week with good flavor after its new highs


Wall street trades this Friday with rises after a mixed and aimless login. The main US indices want to end the week with a good taste in their mouths, and it is just a few days ago, the S&P 500 marked new all-time highs and recovered everything lost with the coronavirus crisis and this Thursday the Nasdaq it was closing again at record levels.

The green numbers have reached the New York stock market after the publication of the Manufacturing PMI (53.6) and services (54.8). These data have been above the consensus estimate, which was 51.9 and 51, respectively. In the macroeconomic sphere, the sales of existing homes in the US in July were also known, which were 5.86 million units, compared to the 5.28 million that were expected.

On the business front, the protagonist of the day is being Tesla. The electric vehicle manufacturer has been shooting all week and this Friday adds 2.5% that allows further extend its all-time highs.

Manzana It is also news because it has announced the closing of all its stores in Madrid since Monday for the outbreaks of coronavirus. However, its shares are not penalized and rise more than 4%, with which the company is once again above that historical barrier of 2 trillion dollars of capitalization that it exceeded two days ago and that made it the first US company to reach this milestone.

On the trade front, the Sino-US soap opera has a long time to come. Now it is Washington that, after China contradicted US President Donald Trump, denies Beijing, stating that they do not plan to negotiate with the Asian giant soon.

Finally, in the commodity market, oil West texas It falls 0.9% at this time, to $ 42.43. For its part, in the foreign exchange market, the euro depreciates 0.69% and changes to $ 1,777. Furthermore, in the debt market, the profitability of the 10-year American bond it drops to 0.62%.

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