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Photo: Bloomberg |
Key indicators of the New York Stock Exchange ended today’s session in green territory as investor optimism intensified amid signs of a recent coronavirus vaccine, CNBC reported.
The blue chip benchmark Dow Jones Industrial Average it advanced 536.46 points or 2.23% to the level of 24 638.01 points.
The wide meter S&P 500 registered an increase of 2.72% to 2941.21 points.
The technological indicator Nasdaq compound It increased 310.02 points, or 3.6%, to 8917.75 points.
On Wednesday, the pharmaceutical company Gilead Sciences announced that it has successfully completed the third phase of its clinical trial of the effectiveness of Remdesivir, which has shown improvement in seriously ill patients undergoing a 5-day, 10-program treatment. Daily It is also expected that the US National Institute of Allergology and Infectious Diseases. USA, participating in the experimental drug study, make a special statement soon.
An important topic today was the long-awaited end of the two-day meeting of the Federal Open Market Committee with the United States Central Bank. The regulator has announced that it will keep basic interest rates around zero until the full recovery of the US economy. Warning that the health crisis will place a heavy burden on economic activity, employment and inflation in the near future.
“The current public health crisis will place a heavy burden on economic activity, employment and inflation in the near future and will pose a significant risk to the economic outlook in the medium term,” the Fed said in a statement. “The committee hopes to maintain this target range until it is satisfied that the economy has withstood recent developments and is on track to meet its maximum employment and price stability targets,” the regulator added.
Earlier today, CNBC announced that Gross Domestic Product of the United States It has fallen 4.8% in the first quarter of 2020, being the first more detailed look at the deep damage the coronavirus inflicts on the American economy.
Data released today marks the first negative GDP since the 1.1% decline in the first quarter of 2014 and the lowest level after an 8.4% decline in the fourth quarter of 2008.
Due to strong quarterly reports, the shares of major technology companies Microsoft, Facebook, Alphabet and Apple increased by 4.42%, 7.35%, 10.04% and 3.71% respectively. The value of the values of Amazon it was up 3.04 percent.
Alphabet estimates total ad revenue for the three months through the end of March to be $ 33.7 billion net, above $ 30.56 billion the previous year. This is a 14% increase and exceeds Wall Street expectations, reports Bloomberg.
The price increase is also reflected in the shares of JP Morgan Chase, Bank of America and Wells Fargo 2.92%, 4.14% and 3.93% respectively.
In bond markets, returns on 10 years old and 30-year US Treasury securities increased to 0.614% and 1,232% respectively.
In currency trading the dollar index recorded a decrease of 0.34 percent to 99.53 points.
In the futures markets, the price of the benchmark oil index. Brent it was up $ 2.08, or 10.17%, at $ 22.54 per barrel. The American WTI increased 22.04% to $ 15.06 per barrel.
Gold in turn, it fell 0.5 percent to $ 1,713.40 an ounce.
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