Home » Business » New York Stock Exchange: Dow closed 114.32 points | RYT9

New York Stock Exchange: Dow closed 114.32 points | RYT9

Dow Jones New York Stock Exchange closed positive tonight (Dec. 23), driven by lower US jobless claims last week. Including the hope that the United States will finally be able to release stimulus measures. Even President Donald Trump has threatened not to sign the measure. The aforementioned factors boost buying momentum in groups that are expected to benefit from the economic recovery. This includes stocks, airlines and banking groups.

The Dow Jones Industrial Average closed at 30,129.83 points, up 114.32 points, or + 0.38%, while the S & P500 closed at 3,690.01, up 2.75 points, or + 0.07% .The Nasdaq closed at 12,771.11, down 36.81 points or -0.29%.

The New York Stock Exchange rebounded after the US Labor Department released first-time joblessness applicants to 803,000 last week. That was lower than analysts had expected 885,000 from 892,000 reported earlier this week.

In addition, the market was driven by the hope that The United States will eventually be able to launch a $ 90 billion stimulus package to mitigate the effects of COVID-19, although Trump threatened not to sign the measure. It claims to increase the amount of cash checks that will be distributed to Americans from $ 600 to $ 2,000, and that unnecessary expenditures are eliminated from the stimulus package.

The positive factor has prompted investors to buy stocks that are expected to benefit from the economic recovery. This includes airline stocks And industrial groups Delta Air Lines shares soared 3.37 percent, American Airlines and United Airlines shares all jumped 2.65 percent. Catherine Pillar shares jumped 1.05 percent, Boeing shares were up 0.43 percent.

Banking stocks rebounded in response to hope of a rebound in the economy. JP Morgan Chase shares jumped 2.84 percent, Bank of America shares jumped 2.8 percent, Citigroup shares jumped 2.56 percent, Goldman Sachs shares jumped 2.54 percent, Morgan Stanley shares jumped 2.36 percent.

Energy stocks jumped after WTI oil prices rebounded more than 2 percent, with Conoco Phillips up 2.69 percent, ExxonMobil shares were up 1.29 percent, Chevron shares jumped 1.6 percent. Burton jumped 1.99%.

Pfizer shares rose 1.9% after it was reported. Pfizer to deliver a vaccine against COVID-19 To the US government an additional 100 million doses by July next year. The agreement will allow the US government to receive a total of 200 million doses of the vaccine from Pfizer.

However, the Nasdaq closed in negative territory as investors poured out technology stocks, with Nvidia’s shares plummeting 2.03 percent, Microsoft’s shares fell 1.3 percent, Advanced Micro Devices (AMD) down 1.73 percent. GoSystems decreased 0.7%

For US economic data that was released last night. The US Department of Commerce reported. New home sales plunged 11.0% to 841,000 units in November. It’s lower than analysts had forecasted at 995,000 units.

U.S. orders for durable goods such as airplanes, cars and large machinery, with three or more lifespan, rose 0.9 percent in November after rising 1.8 percent in October.

While the University of Michigan survey indicates that The US consumer confidence index rebounded to 80.7 in December from 76.9 in November, but lower than analysts had expected 81.3.


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