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Wall Street closes its best August in 30 years with the S&P 500 and the Nasdaq at highs

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Wall street (Dow Jones -0.8%; S&P 500 -0.23%; Nasdaq + 0.68%) ended the last day of the month with a mixed sign, although it managed to close. The New York indices, which are in the area of ​​all-time highs, accumulate significant monthly gains. In the case of Dow Jones, has risen more than 8% in August, its best performance in the last 36 years. And in the case of S&P 500, is up 7.2%, its best August since 1984.

Two of the stocks that have led the rally of the US stock market, Apple (3.39%) and Tesla (12.57%), have been protagonists because this Monday the 'split' of their shares took place, which consists of multiplying the titles in circulation to reduce their price and make it more accessible to the retail investor.

In the case of Apple, those of Cupertino are launching a 4 shares for 1 split. This means that pre-split shareholders will receive three additional shares. In addition, the value of each of them will be 75% lower. Taking into account that Apple is listed in the environment of 500 dollars currently, its price has been readjusted to $ 126 after the split.

In the case of Tesla, the carmaker has made a 'split' of five shares for one. Currently, Tesla traded in the $ 2,200, so its price has been readjusted to $ 456 per share. The strong increases that he is registering this Monday have placed Musk as the third richest man in the world after surpassing Mark Zuckerberg

On the other hand, Salesforce, Amgen and Honeywell will be included in the Dow Jones and will replace Exxon Mobil, Pfizer and Raytheon Technologies.

In addition, the president and CEO of Berkshire Hathaway, Warren Buffett, announced this Monday, with his 90 years just turned, that his company has acquired a little more than 5% participation in each of the top five Japanese trading companies (Itochu, Marubeni, Mitsubishi, Mitsui & Co. and Sumitomo).

At the monetary level, the Federal Reserve (Fed) on Thursday gave a historic turn to its monetary policy. The one in charge of announcing it was its president, Jerome powell, who took advantage of his intervention in the symposium Jackson hole to do it. From now on, more emphasis will be placed on the promotion of employment and the inflation exceeds the 2 target%, which in turn will open the door to maintaining lower interest rates for longer.

And on the political scene, the tension between Democrats and Republicans for the latest events in the protests in Kenosha, the Wisconsin city where Jacob Blake was shot by police. All this against the backdrop of November presidential election.

In other markets, the West Texas oil rose 0.6% to $ 43.24, while the euro it appreciates 0.28% and changes to 1.1936 dollars. In addition, the profitability of the 10-year American bond it advances to 0.738%.

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