Wall street has closed positive (Dow Jones: + 0.78%; S&P 500: + 0.60%; Nasdaq: + 0.78%), with the Nasdaq exceeding its highs while the S&P 500 has posted a record close. The Goldman Sachs report has boosted the stock markets with its optimism about the New York benchmark index, raising its forecasts for the end of the year. In addition, investors have their sights set on the Employment Report of this friday.
This result of the stock markets has been given thanks to the energy and travel values, which have recovered. It should also be noted Nasdaq, which has broken its historical record above 14,890 points. Accumulates a profit in the year of 16%, compared to 15% of the Dow Jones and 18% of S&P 500.
Earlier this Wednesday, stocks fell, except in the technology sector, after a disappointing employment data from the ADP consultant and the words of Richard Clarida.
The Fed vice president commented that he saw certain upside risks in inflation expectations and that, given the current price level, which fits into the new flexible target of the FED, and with the forecast of reaching economic targets before the end of 2022, the Fed will start the interest rate hikes in 2023.
"These comments are added to those made by Bullard and Waller, which this week adduced to the need to start the normalization of monetary policy and to progressively reduce stimuli already in the fourth quarter, "the Renta 4 analysts highlight.
We remember that the market waits some kind of ad on this subject at the monetary policy symposium organized every year by the Fed in Jackson hole, at the end of August.
At the present time of the day, they have been published weekly unemployment data in the US. Weekly jobless claims are down to 385,000 from 400,000, in line with expectations.
By Friday, the consensus expects the creation of some 776,000 jobs and a rise of 0.3% in the average wage per hour worked.
At the business level, Uber, the online transport platform, has fallen on the stock market after failing to fulfill the consensus forecasts with its results.
Regarding business results, we must highlight the little known Free market, which has exceeded revenue estimates thanks to the boom in online shopping, which has caused it to skyrocket in the stock market to 13.76%.
In addition, Modern has fallen by 0.67% despite having announced that su coronavirus booster dose has "robust" results. Of course, the directors of the company have admitted that the efficacy of their vaccine is 93% effective after 6 months.
And you also have to talk about Robin Hood. Behind the spectacular ascent this wednesday, It has dropped 27.59% and is touching the barrier of $ 50 per share. Still, it's still above the $ 28 asking price.
On the investment strategy, from the asset manager Eurizon have identified "four factors that are acting like headwinds"for the markets.
These analysts highlight the re-acceleration of Covid infections, the reduction in purchasing power caused by inflation, the tightening of financial conditions in China and the perspective of a Less accommodative Federal Reserve (Fed).
However, they explain that "it is a combination that implies a certain degree of uncertainty in the short term, but that ultimately must be resolved in a positive way".
In addition, the analysts of Goldman sachs have boosted stocks by raising their annual closing forecast to the S&P 500 up to 4,700 points from 4,300 points, which implies a 7% upside potential until the end of the year. This is one of the most positive forecasts for Wall Street together with the estimate of Oppenheimer.
In other markets, oil West texas it rises 1.31% to $ 69.04. In addition, the euro it depreciates 0.01% and changes to $ 1.1834. And the ounce of gold falls 0.37%, to $ 1,807, while the profitability of the 10-year American bond it rebounds to 1,215%. Finally, the bitcoin It is revalued by 2.43%, up to $ 40,665.
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