Wall Street closed with a double record in two important indicators: the selective S&P 500, which surpassed its last historical mark on February 19, and the Nasdaq index, which, driven by large technology companies, achieves its maximum mark for the second consecutive day, reported EFE.
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At the close of operations on the New York Stock Exchange, the S&P 500 advanced 0.23% or 7.79 points, standing at 3,389.78 units, thus sealing a rapid recovery in which it had to erase the losses accumulated during the COVID-19 crisis and revalue 54% from its low point on March 23.
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The Nasdaq index rose 0.73% or 81.12 points, to 11,210.84 integers, driven by names such as Amazon (4.09%) Alphabet (2.68%) or Netflix (1.97%), which contributed to raise it until his second consecutive maximum figure, in the middle of a good streak that lasts weeks.
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The S&P 500, which represents the broad US market, reached a milestone on Tuesday by taking just 126 sessions to recover from its lowest peak, which marked the end of a bull market that It lasted 10 years, and its new maximum peak recorded today.
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According to analysts, this is the fastest recovery from a bear market ever seen, although society and the real economy continue to suffer the ravages of the pandemic, with 10% unemployment and close to a million people asking for benefits to get ahead.
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The analyst Steven Wagner, executive of the firm Ombia Damily Wealth, told The Wall Street Journal that there is a “feeling of euphoria” in the New York stock market but at the same time investors are “perplexed by the disconnection (between the economy) and the they see in their businesses, their lives and what stock prices are doing. “
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For its part, the Dow Jones Industrials fell 0.24% or 67.32 points, to 27,777.59 integers.
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