Monday, October 10, 2016

Wall Street closes on high, supported by oil – State of Minas

Wall Street closed in the blue, this Monday (10), terminating a session to the rhythm of a holiday in the United States (Columbus Day), and benefited from the increase in oil prices up to their highest levels of 2016: the Dow Jones rose 0.49 per cent, and the Nasdaq, 0,69%.

Thus, the index Dow Jones Industrial Average gained 88,55 points, standing at 18.329,04 units, and the Nasdaq, 36,27 points, 5.328,67 units.

The index expanded S&P; has advanced 9,92 points, or 0.46%, in 2.163,66 units.

The New York Stock exchange has evolved, following the general trend of the squares of the whole world and, “as the oil market retains its high of last week,” according to a note issued by the broker Charles Schwab.

As explained in the analyst, Michael James, on Wall Street, the performance of the cru “holds everything that is related with energy and raw materials, stimulating the market as a whole, at the same time.”

Still according to him, the Stock market reacted favorably to the recent events of the american presidential race, after the end of a difficult week for the republican candidate, Donald Trump. The second debate with democrat Hillary Clinton was on this Sunday (9).

“Hillary may have now more chances to be elected (…) and the general impression of investors is that the market will react better to a victory of Hillary than Trump,” said James.

The day today on Wall Street was dominated by calm, since “the bond market is closed by the ‘Columbus Day’ (Day of Columbus), and the economic calendar is slow,” adds the note to the Charles Schwab.


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