S&p 500 reaches new record: This article explores the topic in depth.
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S&. Therefore, p 500 reaches new record:
The enlarged index exceeded 6,160 points on the New York Stock Exchange, a record dating from the month of February, erasing the losses at the start of Donald Trump’s mandate.
The S&P 500 has reached a new record record at the opening of the New York Stock Exchange on Friday, investors being reassured by the validation of a trade agreement between Washington and Beijing, while digesting a new inflation index in the United States. However, The S&P 500 has exceeded its higher historical in session dating from February. Moreover, thus erasing all of the losses caused by the uncertainty of Donald Trump’s economic policy.
The extended index took around 1:50 p.m. Nevertheless, GMT 0.34% to 6162.20 points. Nevertheless, The NASDAQ technological coloring index was evolving not far from its record s&p 500 reaches new record (+0.32%) and the Dow Jones took 0.53%. Additionally, Nevertheless, “Everything that promotes trade and soothes fears of commercial wars (…) will make the market happy”Comments with AFP Kim Forrest, Bokeh Capital Partners.
Rare earth agreement – S&p 500 reaches new record
The White House reported on Thursday of advances in terms of commercial negotiations with China. an official who said that the two parties had validated an agreement on the acceleration of rare land expeditions to the United States. The Chinese Ministry of Commerce confirmed on Friday morning “Details” of the agreement. saying that the United States went “Raise a series of restrictive measures” commercial aimed at Beijing. This agreement follows talks in Geneva in May. after which the two parties had agreed to temporarily reduce the prohibitive customs duties they imposed on their respective products.
On the indicators side. the PCE index for the month of May, a gauge of inflation s&p 500 reaches new record privileged by the American central bank (Fed), showed that the price increase had accelerated again in May in the United States, in accordance with the expectations of analysts. Prices increased by 2.3% over one year in May against 2.2% in the previous month (revised upward value, the index was announced up 2.1% in April). These data “Are not necessarily bad. The market was not disrupted ”estimates Kim Forrest.
Nike flies away
However, consumer expenditure is displayed with withdrawal of 0.1% of one month on the other. Household revenues fell 0.4%. It is “A surprise for most market players”underlines in a note Carl B. Weinberg, of Hfe. In this context, in the bond market, the return on American state loans at 10 years old was 4.27%, against 4.25% Thursday at the end.
On the table of values, the sports equipment supplier Nike was flying (+14.84% to $ s&p 500 reaches new record 71.84) after having published results in the fourth quarter of his offbeat exercise on Thursday evening. but better than expected by analysts. Between March and May, the Beaverton group (Oregon, North-West) saw its turnover falling back by 14% over a year to 11.1 billion dollars. The consensus of FostSet analysts had anticipated 10.73 billion.
Other sports clothing specialists took advantage of Nike’s momentum, such as Lululemon Athletica (+1.45% at 234.93 dollars) or the outdoor deckers (+2.46% to 104.41 dollars), which notably controls the Hoka of racing shoes. The American electronic commerce giant Amazon (+1.82% at $ 221.08) and the Boeing aircraft manufacturer (+1.83% to 206.29 dollars) were both increased by the upward revaluation by BNP Paribas Exane.
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