The New York stock Exchange finished the session higher Wednesday, helped by the use of indicators american favour as investors reléguaient in the second plan, the setbacks for Boeing.
The expanded index S&P 500, which represents 500 largest companies listed on Wall Street, has taken the 0.70% to finish at 2.810,92, a new level this year.
The Dow Jones Industrial Average, gained 0.58 percent to finish at 25.702,89 points and the Nasdaq, to the strong staining technology, rose 0.69% to close at 7.643,41 points.
The fact that the S&P 500 has passed, and remained, above the symbolic threshold of 2.800 points, has contributed to the good performance of the market, according to Quincy Krosby of Prudential.
But u.s. indexes were also worn, depending on the specialist, by indicators of good omen, in particular the increase in durable goods orders in January for the third straight month and the growth stronger-than-expected construction spending.
“After the data is mixed lately, we are beginning to see some stabilization in the statistics. And this is very important because the market demand for several weeks if the growth has really slowed down or if it is just a little moderation,” said Ms. Krosby.
As in the same time the central banks u.s. and european union have clearly stated that they did not intend to go back immediately, the rate of interest, “the investors and brokers say that one could see not only a stabilization of the economy during the next two quarters but also might be a small improvement, and logically they come back on the market”, stated the specialist.
– Boeing bounces –
For Christopher Low of FTN Financial, the rise in weaker-than-expected producer prices in February in the United States has also influenced the investors.
“We still have a few economists influential Wall Street who are anticipating new interest rate hikes this year based on the idea that inflation will really begin to accelerate,” said Christopher Low of FTN Financial.
However, the indicator on the production prices have shown that inflation remained modest in the United States, “the prospect of further rate hikes this year is putting even a little more”, he added. What delight the actors of the market shares, which have benefited greatly in recent years to the low level of interest rates.
The decline of the us dollar, favorable to the us multinational, has also been able to supply the prospect to see these companies improve their performance abroad. Just as the rebound of Boeing, the company that weighs the most on the S&P 500.
The action of an aircraft manufacturer had dropped more than 11% on Monday and Tuesday after the crash of a 737 MAX 8 of Ethiopian Airlines on Sunday near Addis Ababa.
It has temporarily dipped during the session when Donald Trump announced the detention of all of the 737 MAX 8 and MAX 9 on american soil, the United States became the last major country to be nailed on the ground, this model of aircraft. But she soon resumed to finish up 0.46%.
Airlines Southwest Airlines (+0,42%) and American Airlines (+2,98%), which have a 737 MAX 8 in their fleet, are also recovered after two sessions of decline.
On the bond market, the interest rate on the debt to ten years rose to 20: 30 GMT to 2,616%, compared to 2,601% Tuesday night, and the one on the debt to 30 years to 3,014%, compared to 2,991% to the previous closing.
On the front of the values, the specialist in music streaming Spotify has yielded 1.27 per cent. The Swedish group listed on Wall Street has been referred to the european Commission against the american firm Apple (+0.44%) to abuse of a dominant position on the market of online music.
The canadian company specializing in the cultivation of cannabis Aurora jumped to 12,97% at the New York stock Exchange after appointing the investor activist Nelson Peltz as a strategic advisor. The latter has underlined its determination to assess potential partnerships with companies of the big consumption.
The carmaker Fiat Chrysler (FCA) has decreased from 0.90% in New York after agreeing to recall 863.000 vehicles in the United States after routine checks on their emissions.