New York, Dec. 8 (EFE), 51 units.
After the bell on the New York Stock Exchange, the Dow Jones Industrial Average rose 183.56 points (0.55%), to 33,781.48 integers, while the Nasdaq Composite Index rose 123.45 points (1.13%), to 11,082.00 units.
The Organization for Economic Co-operation and Development (OECD) noted today that the Advanced Composite Indicators – which point to reversals in the economic cycle in advance – all point to a slowdown in growth in most of the large economies: the US, Canada and South American countries. United Kingdom and the entire Eurozone.
Today’s green trend on Wall Street doesn’t seem to contradict recession fears, and LPL financial analyst Quincy Crosby downplayed Thursday’s gains, arguing that after several days of selling, investors tended to buy, though all in a very modest fashion. , According to him.
Also today it was learned that the weekly number of applications for unemployment benefits in the United States rose last week to 230 thousand, compared to 226 thousand registered in the previous week, as reported Thursday by the Bureau of Labor Statistics (BLS, in English).
The same LPL analyst considered this data to mean once again the “bad news is good news” paradox, because this lower employment power could dampen inflation.
By sector, gains prevailed, led by technology (1.59%) and non-core commodities (1.05%), and telecoms-only (-0.5%) and energy (-0.47%).
Of the 30 components of the Dow, green dominated, highlighting the gains of Nike (2.8%), Cisco (1.68%) and Boeing (1.46%); On the other side of the losses were Goldman Sachs (-0.51%) and American Express (-0.41%).
In other markets, Texas oil fell to $71.46 an ounce, gold rose to $1901.30 an ounce, and the dollar lost strength against the euro, with a change of 1.0554.
Aranza
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