Thursday, January 9, 2025
HomeEconomyWall Street is trading cautious on year-end greed. Nasdaq rises 2%...

Wall Street is trading cautious on year-end greed. Nasdaq rises 2% – Stock Exchange

Published on

Wall Street is trading cautious on ‘year-end greed’. Nasdaq rises 2%

Major North American stock exchanges ended the day and week in green. Investors were encouraged by lower volatility in the debt market, with the Standard & Poor’s 500 index crossing the 4,400 threshold.

Wall Street ended the day in positive territory, with the S&P 500 index crossing the 4,400 threshold, an important level for fundamental and technical analysis, which gave more encouragement to stock market investors.

The Dow Jones Industrial Average rose 1.15% to… 34,283.10 point, after rising by 0.65% during the week. The Nasdaq technology index rose 2.05% to 13,798.11 point, after rising by 2.37% during the week.

In contrast, the S&P 500 index rose by 1.56% to 4,415.24 points, having accumulated over the past few days totaling 1.31%. During the session, the “record level” exceeded the threshold of 4,400 points, a level that some analysts considered a resistance line, which, once crossed, could be an encouraging factor to achieve more gains.

In addition to surpassing this level, the S&P 500 crossed its 100-day moving average, which is another positive indicator of the index’s future performance.

Sentiment was also driven by lower volatility in the debt market, in a week mainly characterized by deteriorating bond interest rates, after on Thursday, the US Treasury ended up being prepared to pay an interest rate of 30% higher than initially expected. Issuing debts for a year.

Investors are still digesting the latest consumer expectations about U.S. inflation, which is at a 12-year high, according to Bloomberg.

See also  Elon Musk quarrels with Bill Gates for positioning the stock market against Tesla

For Michael Hartnett, a strategist at Bank of America, cited by Bloomberg, the caution that has characterized the stock market in the past three months has given way to “year-end greed,” with expectations of easing debt “returns.”

Latest articles

Spotting Health Issues in Pet Turtles: A Caregiver’s Guide

Caring for pet turtles can be a rewarding experience, but it comes with the...

Donald Trump appears to have been the target of an assassination attempt at his golf club.

Short versionOn Sunday evening, Norwegian time, shots were fired near Donald Trump.The FBI says...

More like this