Wall Street sets records as tech offsets uncertainties
The Wall Street’s three main indexes marked the record that closed the highest levels with modest gains overnight, thanks to the support of the technology industry, while investors carefully followed the private labor market data on the second day of the US government’s closure.
The comparison index rose little on Thursday, its valuation was the highest level since 2020, with the help of heavy technology companies, including NASDAQ, AI Chip leader Nvidia, Apple and Broadcom, with an increase of 0.4 percent since 2020.
Investors were following information from other sources before the official government data were present due to the closure.
Global Outpracement, Challenger, a report of Gray & Christmas, said that US employers have been dismissed less in September, but this year’s recruitment plans have been the lowest since 2009. This followed the weaker ADP National Employment Report than expected.
“Sunday has already been looking at the basis of weak work data to try to measure the real way for the labor market in recent months,” Jim Baird, the chief investment manager of financial consultants. He said.
So far, lifeless job data has led the traders that the Federal Reserve will reduce twice this year twice this year and that it would reduce interest rates, including a deduction at the end of October. However, the Ministry of Labor had to postpone the non -agricultural payroll report in September due to the closure of the government.
Although the closure was not a shock and investors have been soothed with the knowledge that such closes did not typically harm the market in the past, Baird said that it is still causing concerns.
“Given how polarizing the two (political) party is now, and both seem to reveal their own positions, it would not be surprising that it takes a little longer,” he said.
Dow Jones increased by 78.62 points or 0.17 percent to 46.519.72. S&P 500, 6.715.35 or 4.15 points or 0.06 percent and NASDAQ Composite reached 88.89 points or 22.844.05 percent at a rate of 0.39 percent.
The winnings marked the highest levels of two consecutive closes for S&P 500 and Dow, while Nasdaq missed a record on Wednesday.
At the beginning of the session, the S&P and Nasdaq indices Intrady’s record reached high levels. The advanced price / earning ratio of the S&P 500 rose to 23.1.
The technology sector finished by 0.5 percent and received a lot of help from chip stocks and the greatest support to the S&P 500. The wider semiconductor index closed at a rate of 1.9 percent and also covered a record.
The materials were the biggest gain among the 11 major industry sectors of the comparison and added one percent. The energy was the largest lost and the percentage was falling to a percentage.
Although the consumer is not optional, the largest percentage losing, Tesla’s shares was the largest drag in the S&P 500 due to a sale, which has fallen five percent for the largest daily loss since July.
The electric vehicle manufacturer gave up early gains after a strong three -month delivery report, because some analysts marked the risk of sales in the coming neighborhoods due to the withdrawal of US $ 7,500 Federal Tax loan.
FICO, mortgage borcoses without relying on the offices without relying on credit points to allow a program, credit offices Equifax and Transunion shares fell 8.5 percent and 10.6 percent respectively. FICO shares increased by almost 18 percent after the news.
Occidental Petroleum said that Warren Buffett will sell the petrochemical department to Berkshire Hathaway for $ 9.7 billion and that the oil and gas manufacturer would reduce its shares 7.3 percent.
Advanced problems are more than 1.16-1 decreases in NYSE, 530 new and 93 new low.
Nasdaq’da 2,706 stocks rose and fell 1,971, progressive problems in the number fell by 1.37-1. S&P 500, 37 new 52 weeks of the highest and 11 new low levels, while Nasdaq Composite 140 new high and 67 new low.
18.77 billion shares in the US stock exchanges changed hands compared to 18.83 billion 20 -day moving average.
