Saturday , February 27 2021

Wall Street, taking advantage of Apple rebounds and oil, ended



New York – Wall Street ended higher on Thursday, benefiting from a rebound in oil prices and Apple, against a background of optimism about the impending resolution of the Sino-US trade war.

According to final results at the close, Wall Street's leading index, the Dow Jones Industrial Average, rose 0.83% to close at 25,289.27 points.

The Nasdaq index, with its strong color technology, rose 1.72% to end at 7,259.03 points.

The S & P 500 index rose 1.06% to 2,730.20 points.

Increase on Wall Street "mainly from Apple and oil prices that have stopped falling", observed Maris Ogg from Tower Bridge Advisors.

After a shy rebound on Wednesday, oil prices continued to rise on Thursday, gradually recovering from a real disaster that saw New York-listed crude oil prices fall for twelve consecutive sessions, a record.

The main beneficiaries on Thursday from this recovery, the values ​​of this sector in the S & P 500 sub-index took 1.48%, the second largest sectoral increase in the broad index of the day.

First place (+ 2.46%) returned to the technology stock sub-index, driven by Apple's strong growth, which took 2.47%.

The apple brand, one of the biggest members of the coast, rebounded after slumping almost 20% since early October, weakening mainly by disappointing forecasts for the end of the year.

Apple has been one of the reasons for the decline in the index in recent days because the decline has caused the fall of the technology sector and the rest of the market, technology is the biggest sector on Wall Street.

– E-flavored cigarettes –

"The market may be nearing its lowest point, and we are not immune to a stronger rebound if oil is stable and the rhetoric around the trade war improves", said Peter Cardillo of Spartan Capital.

In this case, investors have just benefited from a wave of optimism on Thursday about resolving a trade dispute between Beijing and Washington after press reports raised concessions imagined by China to the United States a few days from a G20 summit where leaders of the two countries will meet.

Among the values ​​of the day, Walmart and Cisco reported quarterly results above expectations. The first, however, lost 1.96% while the latter rose 5.50%.

Warren Buffett's billionaire ownership, Berkshire Hathaway (+ 0.62%), announced Wednesday night that it entered the third quarter of the bank's capital JPMorgan Chase (2.55%) and the Oracle information community (+3, 67%) and invested the equivalent of $ 4 billion and $ 2.1 billion each.

Facebook, which defended Thursday to orchestrate a dirty campaign targeting among others financier George Soros, followed a long investigation by the New York Times, down 0.26%.

Tobacco companies have suffered from a proposal by the US Health Agency (FDA) to ban the sale of scented electronic cigarettes through the internet.


Altria shares closed down 3.08%, and British American Tobacco fell 3.64%.


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