Wall Street closes up with Nasdaq to hit third consecutive record – News Minute to

Session definitive results indicate that the Dow Jones Industrial Average gained 0.08% (13.96 points), to 18100.41 units and the Nasdaq 0.17% (8.72) for 5218, . 86

The S & P 500 appreciated 0.08% (1.64), to 2128.28 points, approaching the maximum that set in late May

In the absence of macroeconomic news, “remains the upward trend”, said Brent Schutte, of BMO. “The results of the companies are correct, which supports prices, and would tell that there is stability in the euro area, at least in the short term,” he added.

Sam Stovall stressed that the results second quarter can be summarized, on average, the existence of profit, which considered a good surprise, given that bet an average decrease of 4.5%.

For Schutte, it is however a “drift into high” that could not last much longer.

Since several weeks ago that investors minimize increases in interest rates [by the Fed] and think that their pace will be moderate, but we think that this perception will be called into question and that at that time, the market will have difficulty climbing more “specified.

The session began hesitantly, after a week “huge” as ranked Michael James of Wedbush Securities, with the S & P 500 to live their biggest weekly rise (2.41%) for four months and the Nasdaq 4.25% to value and hitting two consecutive records.

James predicted that “it will continue to do portfolio managers to continue to make rotations, looking for names marked by growth that evolve well and selling names that are struggling.”

So far, this movement particularly favored the Nasdaq by the big names in the technology industry, such as Google, which hit a record high on Friday, winning more than 65 billion dollars of market capitalization in one day .

On the contrary, the sharp rise in rates over the past week left values ​​with particularly vulnerable problematic performance: “If you sense weakness, will be see-exaggerated sales,” anticipated James

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