Wednesday’s session on Wall Street brought minor changes to key codes. Markets analyze the latest data on the Govit-19 epidemic. The development leaders were the fuel companies, which rose in line with the growing crude oil in the world markets.
Dow Jones Industrial Average rose 0.07 percent to 34,600.38 points.
The S&P 500 was up 0.14 percent at 4,208.12 points at the end of the day.
Nasdaq composite increased 0.14%. And finished the session at 13,756.33 points.
All major indices have been slowly approaching their all-time high for some time. The S&P 500 is currently up 0.70 percent from the top. Dow Jones 1.5 percent. Below the record, and the Nasdaq index is 3.5 percent lower than its all-time high.
“Markets are strong, economic growth is stable, the currency position is significant and consumer incentive funds hold as the Govt-19 cases fall and the economy reopens,” said Cliff Hodge, CEO of Cornerstone Wealth Investments.
Mark Heffel, director of investments at UPS Global Wealth Management, said the introduction of vaccines would accelerate the “return to normal operating patterns and support energy demand” and that support for inflation came from OPEC +, which is disciplined to increase production.
“We see fuel and financial institutions as the main beneficiaries of the broader global inflation trend,” he said.
Shares of AMC Entertainment rose more than 80% during the day, and finally the stock exchange officials decided to stop listing the company. The previous day, AMC Entertainment shares were up 23 percent, with new shares sold to investors for $ 230.5 million. AMC is a popular company among retail investors, leading to huge gains in the stock markets earlier this year. Gamestop.
Shares of Zoom Video fell 0.5 percent, although the company said sales were up 191 percent in the first quarter.
Accidental Petroleum rose more than 4%, Diamondback Energy 2.5% and Marathon Oil 1.4%. Oil stocks rose in line with rising crude oil futures prices.
The code for MBA mortgage applications has plummeted in the United States. The seasonally adjusted index fell 4 percent. In the week ending May 28 – The Association of Mortgage Banks (MBA) said. A week ago, the index was up 4.2 percent.
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