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The Dow Jones closed 0.46% lower at 31,391.52 points. Towards the end of the session he was operating on the green, but it did not take his breath away. On February 24 it touched 32,009.64 points, the highest value in history.
Standard & Poor’s 500 fell 0.81% to 3,870.29 points. In the intraday transaction on February 16, it reached 3,950.43 points, a new all-time high.
For its part, the Nasdaq Technology Composite depreciated 1.69% to 13,358.79 points. His record stands at 14,174.56 points and was set on February 16.
Financial markets have been quite volatile in recent sessions, at a time when investors are trying to see how the economy will behave in the next phase of the covid-19 pandemic.
Look: After sinking 4.9% last week, Nasdaq opened this week to shoot 3%, its best day since November. The S&P 500, which fell 2.5% last week, rose 2.4% on Monday, the best session since June.
Today, after rising, the main stock indices on the other side of the Atlantic ended up closing in the red.
This upward and downward trend may continue for days and weeks to come, as market players continue to try to see if an increase in economic activity will cause prices to rise, CNN Business notes.
“But Wall Street believes that stocks will be able to weather the storm, thanks to vaccination campaigns, support from policy makers and a resurgence in corporate profits,” adds the same publication.
On the earnings side of Tuesday, the highlight is the Rocket Companies, which closed to shoot 71.19% at $ 41.60. The company, a strong target of falling price bets (short positions) by hedge funds, was being propelled by small investors from the Reddit community, coming together once again to make a dent in these. “hedge funds”, buying shares. and price increases.
Detroit-based Rocket Companies is the holding company for several brands in consumer services and personal finance, mortgage credit and e-commerce.
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