Wall Street closes flat with the S&P 500 again on the verge of its maximum

The bag of Wall Street has closed the second session of the week with little variation in its main indices. After confirming the trend towards recovery last Friday with the drop in unemployment to 5.8%, this week investors maintained their positions at the expense of know the inflation data for the month of May, which will be made public this Thursday.

The selective that groups the 30 main companies in the United States, the Dow Jones Industrial, has concluded Tuesday’s session with practically zero variations, after registering setbacks during the beginning of the day, and it has remained at 34,599 points.

For his part, S&P 500, an index that represents the broader market, resists surpassing its historical maximum, achieved on May 7, when it reached 4,323 points. Thus, the selective has come to exceed this data during part of the session, but finally it has returned to be at the gates after growing a single unit and closing at 4,227 points.

Ibex 35 screen with the historical graph of the Ibex price at the headquarters of the Madrid Stock Exchange

In relation to Nasdaq, selective that groups the main technology companies, has been the only index that has managed to advance more significantly at the end of the session. Its value has risen by 0.3% or 43 points, to reach 13,924 units.

Thus, investors are hovering over the idea of ​​whether the Federal Reserve will begin to withdraw stimuli for the recovery of the economy, and the trigger for this measure may be inflation in May, so there are quiet days in the markets until the data is known.

By sectors, earnings were led by non-essential goods companies (0.96%) and energy (0.88%), and the technological ones remained almost unchanged (0.02%). The greatest losses were for public services (-0.91%) and essential goods (-0.85%). Additionally, airline stocks rose after the US Centers for Disease Control and Prevention relaxed travel recommendations for more than 100 countries.

Bitcoin dropped to $ 31,000 today after the seizure by the US Justice of part of the ransom paid by Colonial Pipeline, the operator of the pipeline hacked last month, but at the bell it exceeded 33,000.

In other markets, Texas oil rose to $ 70.05 a barrel, and at the close of Wall Street the yield on the 10-year Treasury bond fell to 1.536%; gold slid to $ 1,895.70 an ounce and the dollar gained ground against the euro, with a change of 1.2172.


Source: LA INFORMACIÓN – Lo último by www.lainformacion.com.

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