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Wall Street closed again with gains and the Dow Jones set a new record


#Financial intermediaries observe the development of the market in the #New #York #Stock #Exchange, #United #States. EFE / #Justin #Lane / #Archive

#Wall #Street closed with gains again this #Wednesday and its main indicator, the #Dow #Jones, set a new record after a rebound day mainly driven by for the stimulus plan in the #United #States and the approval of the #AstraZeneca vaccine in the #United #Kingdom.

#At the end of trading on the #New #York #Stock #Exchange, the #Dow #Jones rose 0.24% or 73.89 points to a record high of 30,409.56 units thanks to the rise in the price of large companies such as #Disney (2.21%), #Dow #Inc (2.10%) or #Caterpillar (1.97%). #In contrast, #Intel fell 1.3%.

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The selective S&P 500, meanwhile, it rose 0.13% or 5 points, to 3,732.04 units, and the composite index #Nasdaq, which brings together the most important technology companies, advanced 0.15% or 19.78 points, to 12,870 units. #Both were on the verge of new records.

The #New #York parquet went through the penultimate session of the year with optimism, trying to get back into the record territory the top three indices entered yesterday morning before turning around and ending the day in red.

#Among the factors that encouraged investors was the emergency approval in the #United #Kingdom of the vaccine against covid-19 developed by the #University of #Oxford and the pharmaceutical #AstraZeneca.

Illustrative image of vials with the label "COVID-19 / Coronavirus vaccine / Injection only" next to the AstraZeneca logo.  October 31, 2020. REUTERS / Dado Ruvic
#Illustrative image of vials labeled “COVID-19 / #Coronavirus #Vaccine / #Injection #Only” next to the #AstraZeneca logo. #October 31, 2020. REUTERS / #Dado #Ruvic

#That green light occurs one day after the new #British strain of the coronavirus will be detected in the #United #States and amid the fear of the medical authorities of a worsening of the pandemic after the #Christmas festivities. The health infrastructure in the country is already at the limit in different states, which face records of infections and hospitalizations.

#Regarding the new stimulus plan approved in the #North #American country, the #Government announced yesterday that it would begin to send direct aid of $ 600 to taxpayers.

#Beyond the amount, the government began to send the aid in the form of a direct payment #Tuesday night, as announced by #Treasury #Secretary #Steven #Mnuchin. #Further, the #Treasury will mail the paper checks to all those who do not have a bank account registered in the government databases.

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The #Treasury announcement comes in a moment in which the US #Senate, with a #Republican majority, is still evaluating whether to increase these direct payments from $ 600 to $ 2,000 that are included in a $ 900 billion stimulus package that both houses of #Congress passed a week ago.

“#We expect strong economic growth to return in 2021 after the difficulties of the pandemic in 2020 and the US-China trade war in 2019,” said analyst #Doug #Rao of #Janus #Henderson #Investors.

#In parallel, oil continued to rise on #Wednesday thanks to the weak dollar and after the announcement that US reserves fell again for the third week in a row.

A barrel of #Brent for delivery in #February gained 0.48% to close at 51.34 dollars, while in the US market, a barrel of WTI increased 0.83% to 48.40 dollars.

“#Prices were helped by the weakness of the dollar,” he told the agency AFP #Stephen #Innes, analyst at #Axi.

The dollar reached its lowest value in two and a half years in a basket of the world’s major currencies.

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#For the oil market, which is traded in dollars, this fall lowers prices for buyers who use other currencies.

#More on this topic:

The US #Government began sending aid checks for $ 600

The CDC estimates that the #United #States will reach 400,000 deaths from covid-19 by the end of #Donald #Trump’s term





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https://www.infobae.com/america/eeuu/2020/12/30/wall-street-volvio-a-cerrar-con-ganancias-y-el-dow-jones-marco-un-nuevo-record/

##Wall ##Street #closed #gains ##Dow ##Jones #set #record

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