Wall street closes with slight rises and highs in the Dow Jones in a new day with big pharmaceuticals in the eye of the hurricane, after the Biden Administration support for the first time release patents for Covid-19 vaccines.
At an economic level, after the positive data known in recent sessions (the ADP report yesterday showed the creation of 742,000 jobs in April and the ISM services marked the second highest reading in its history in the same period), this Thursday will be published the weekly unemployment data (The consensus expects a small decline to 540,000).
Although the main reference that remains to be known this week will be that of April Employment Report, which is published this Friday. The consensus awaits the creation of almost 1 million jobs and a decrease in unemployment rate until the 5.8% from 6%.
In addition, this Thursday the data of Unemployment claims registered in the last week. Claims continue to mark lows of the pandemic and have fallen below 500,000 for the first time.
In the business scene, Anheuser-Busch InBev, Regeneron, ViacomCBS and Kellogg publish their results. Y Dropbox, Expedia, Roku, Beyond Meat, Shake Shack, and Square They will do so after the market closes.
For its part, Uber announced this Wednesday a loss between January and March of 108 million dollars, much lower than those registered in the same period last year. What's more, Jeff bezos has bagged $ 2 billion selling Amazon shares at record highs.
HEDGE FUNDS SELLERS
At a strategic level, hedge funds are having flashes of Vietnam, which in the financial world means reliving the global financial crisis of 2008. At least, according to the latest survey published by Bank of America as a result of interviewing your clients.
"Extreme" sellers of stocks on the stock market. This is how the US entity qualifies the behavior of these hedge funds that, in April, have been disbanded from equities as they had only done before on one occasion; yes, in 2008.
The stock market fright of these strong hands has been concentrated in the technology sectors, that is have reaped benefits with the clear 'winners' of the pandemic.
THE NASDAQ FALLS, "WITHIN NORMAL PARAMETERS"
The technology has been left about 5% in just four sessions and the lows of this Tuesday in the Nasdaq 100 (13,400) managed to stop the falls at the gates of the important support level of the 13,300 points, before resistance.
"It is still too early to say that we have seen a bottom in the technology index. A short-term bottom, since the underlying trend is clearly upward without any doubts, "explains José María Rodríguez, technical analyst at ForexNews.online.
"Important levels of support converge in the range of 13,300-13,330. At the top, on the resistance side, we have the downward gap of 13,800 points, as well as the recent historical highs of 14,073 points, "concludes the expert.
In other markets, oil West texas falls 0.7% to $ 65.15, while the euro it appreciates 0.3% and changes to $ 1.2045. In addition, the profitability of the 10-year American bond drops to 1.57% and the ounce of gold rallied 0.5% to $ 1,793. Finally, the bitcoin it falls slightly to $ 57,150.
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