the Globe News
Wall Street closed this Monday with widespread declines but its main indicator, the Dow Jones Industrial Average, rose 0,97% after a day marked by the approval of the new stimulus plan in the United States Senate and hope in economic recovery.
At the close of business on the New York Stock Exchange, the Dow Jones it gained 306,14 points and stood at 31.802,44 units, moderating a climb that had taken it hours earlier to an intraday high above 32.000.
In red ended the selective S&P 500, which fell 0,54% or 20,59 points, to 3.821,35; and the Nasdaq Composite Market Index which lost a notable 2,41% or 310,99 points to 12.609,16 entering correction territory.
The New York parquet continues to see a rotation from the stocks that have benefited the most from the pandemic -especially technology ones, which have high market valuations- towards others that have growth potential with a return to normality.
The trend seems to have been reinforced with the approval this Saturday of the $1,9 trillion stimulus plan promoted by President Joe Biden, which will be voted on again this Tuesday in the House of Representatives.
Also due to advances in vaccination against covid-19. External source
courtesy graphic