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The New York Dow Jones Stock Exchange closed positive tonight (November 19) responding to news reports that. Democrats and Republicans agreed to resume talks on economic measures to mitigate the effects of COVID-19, the news raised concerns among investors. Helps extract negative factors from weak US labor data.
The Dow Jones Industrial Average closed 29,483.23 points, up 44.81 points, or + 0.15%, while the S & P500 closed at 3,581.87 points, up 14.08 points, or + 0.39%, while the Nasdaq closed at 11,904.71 points, with a rise of 103.11 points or + 0.87%.
The Dow Jones initially fell after the US Department of Labor released its first applicant for unemployment benefits to 742,000 last week from 709,000 reported earlier this week. And more than what analysts had estimated at 710,000.
However, the market was driven by late orders. The United States Senate Minority Leader Chuck Schumer revealed that the Republican Senate Majority Leader Mitch McConnell. It has agreed to resume talks on economic stimulus measures to treat individuals and businesses affected by the COVID-19 epidemic following the continued rise in the number of infections in the United States. As a result, many states in the United States have adopted stricter measures to control the epidemic. This situation is damaging the national economy.
Beyond that Negotiations on the stimulus were halted because the two sides disagreed on various issues. This includes the limit of that measure. Democrats are offering $ 2.2 trillion. While the Republicans only proposed $ 1.9 trillion.
Nine of the 11 stocks calculated in the S & P500 index rallied, led by the energy stock index which gained 1.53 percent and the technology stock index rose 0.84 percent, with Halliburton up 3 , 96 percent. They were up 1.72 percent, Conoco Phillips shares were up 0.74 percent, ExxonMobil shares were 0.51 percent, Marathon Oil shares were up 3.64 percent.
As for tech stocks, Alphabet shares rose 1.03%, Intel shares rose 1.24%, Microsoft shares rose 0.63%, Facebook shares rose 0.36% , Apple shares rose 0.52%. Lyx plus 0.6%
Shares of Tesla rose 2.6 percent to close a third consecutive record after S&P Dow Jones Indices LLC, the indexer of the New York stock market. It issued a statement stating that Tesla shares will be included in the S&P 500 index calculation on December 21.
Shares in Lbrands, the parent company of “Victoria’s Secret,” soared 17.67% after the company announced a 56% increase in sales in the third quarter.
Macy’s, Inc., a major U.S. department store, fell 2.11 percent after the company revealed that its sales plunged more than 20 percent in the third quarter due to the COVID-19 outbreak. . Get consumers to reduce their expenses
For other US economic data released last night. The US National Association of Real Estate Brokers (NAR) said that second-hand home sales increased for the fifth consecutive month, rebounding 4.3 percent to 6.85 million units in October. After touching 6.57 million units in September. Analysts forecast a 1.2 percent drop in home sales to 6.45 million units in October.
