Take a fresh look at your lifestyle.

Strong rises on Wall Street but not enough to save the week


Wall street the green has turned and the main US indices are trading with rises of between 1 and 2%, but they are not enough to save the weekly computation, it is heading for its fourth consecutive week in the red. In the four previous sessions, the Dow accumulated falls of 3%, which are 2.2% in the case of the S&P 500, and 1.1% in the Nasdaq. If we take a look at September, the Dow is down 5.7%, the Nasdaq down 9.4% and the S&P down 7%.

The correction of large technology continues to weigh heavily on the main US stock markets. The best example is Manzana, which rebounded 1% on Thursday but is still falling 19% from its highs on September 1.

Those from Cupertino are once again in the news for their judicial flinging with Brussels, which is now appealing the CJEU ruling. The European Commission continues to believe that Apple benefited from illegal aid in Ireland.

The new stimulus package also continues to attract investors' attention. As reported by media such as CNBC and Bloomberg, Republicans and Democrats rush the fringes of another round of $ 2.4 trillion in aid to boost the US economy.

The figure is still more than Republicans agree to spend and, once the deadlock in the negotiations is resolved, it is speculated that it will include new aid for the unemployed and airlines, one of the sectors hardest hit by the pandemic.

On the other side of the Atlantic, the Ibex extends its falls and increases its negative weekly balance. Finally, in Asia the stock markets have closed with a mixed sign.


Leave A Reply

Your email address will not be published.