On Thursday, two of the New York Stock Exchange’s main flagship indices, the Nasdaq and the S&P 500, hit new all-time highs.
The year ends on a high note on Wall Street. On Thursday, two of the New York Stock Exchange’s main flagship indices, the Nasdaq and the S&P 500, hit new all-time highs. At mid-session, the Nasdaq, with strong technological coloring, peaked for the first time in its history at 9,000 points. Since 1is January, he has already gained 35.66%! Over the same period, the S&P 500 (3231 points) has appreciated by almost 30%. This index, which serves as a benchmark for fund managers, is on the way to its biggest annual increase in six years.
While the European stock markets (including that of Paris) and part of the Asian markets were closed on Thursday, American optimism was fueled by the hope of an end to the trade war between the United States and China. In fact, Beijing confirmed in the morning the upcoming signing of an agreement with Washington on trade, expected in January. This should finally ease the tensions that poison the life of a number of companies.
2019 was a prosperous year in all of the major world markets
Investors were also sensitive to the strong US economic statistics of the day: weekly jobless claims fell last week, confirming the strength of the labor market. What reassure the Cassandras who have been expecting a slowdown in US growth for many months.
2019 was a prosperous year in all of the major world markets. In Paris, the CAC 40 index (6,029 points), for example, has already soared by 27.46% since the 1is January. The year 2020, at least the first few months, is shaping up to be auspicious. But experts fear corrections. Especially since, as the saying goes, “on the stock market, trees do not rise to the sky”.