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Mixed week on Wall Street: S&P 500 full red with Dow Jones at highs


Wall street has closed the session with a mixed sign (Dow Jones + 0.01%; S&P 500 -0.18%; Nasdaq + 0.07%). Friday pretty much sums up the week of the main New York indices. The Dow Jones remains unbeatable and has once again set new all-time highs this Friday, while the S&P 500 accumulates four consecutive days in the red (the market was closed for holidays on Monday). With regard to the technology index, it is increasingly far from its all-time highs of 14,175 points. The session ended at 13,874.

The doubts of this Friday have been produced after the request of Janet yellen of more economic stimuli to combat the negative effects of the pandemic. After the slight profit taking in recent days, the words of the Secretary of the Treasury have liked investors.

"We believe that it is very important to have a great plan that addresses the pain this has caused: 15 million Americans behind on their rent, 24 million adults and 12 million children who do not have enough to eat, small businesses that fail … ", Yellen said in a interview with CNBC.

"I believe that the price of doing very little is much higher than the price of doing something great. We believe that the benefits will far outweigh the costs in the long term, "he added.

On the rebound in inflation due to too much stimulus, the main fear of the market right now, he explained that "inflation has been very low for more than a decade, and it is known to be a risk, but It's a risk that the Federal Reserve and others have tools to address".

Yellen's words come as analysts anticipate strong growth starting in the second quarter, and while a polar cold wave ravages the United States and has caused a major energy crisis in Texas, which also includes problems in the water supply.

What's more, the vaccination campaign continues its course and the economy is reopening more and more in the United States, despite the impact that the aforementioned cold wave has had this week, which may affect the economic data for February.

For analysts Wells fargo, the continuation of the bullish rally for Wall Street depends, among other things, on the approval of the economic stimuli promoted by the Biden Administration. For these experts, the market has discounted "an additional stimulus from Congress help close the gap between now and when the vaccines have been widely distributed. "

Meanwhile, Biden continues to shake off Donald Trump's inheritance. The Democrat announced this Friday that recovers the US-Europe alliance. He announced it in his first appearance before the international community after being sworn in as president. The alliance involves collaboration between the United States and Europe. "America is back", he declared during his speech.

At the business level, Uber has lost a key legal battle in the UK, since the British justice has ruled that its drivers are company workers and not self-employed. This affects its business model and can be extended to other technological platforms that also base their growth on the same operations.

On the other hand, Pfizer has noted that its vaccine is 85% effective with a single dose, according to a study published in The Lancet by Israeli health workers. In addition, they point out that it can be stored in a conventional freezer.

In other markets, oil West texas it falls 2%, to $ 59.30, after rises in recent days. In addition, the euro it appreciates 0.43% and changes to $ 1.2140. Finally, the profitability of the 10-year American bond it advances to 1.30%; and the bitcoin up 1.2% to $ 52,668.

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