All three main indices closed on Tuesday at a record high levels, because investors prevailed over the concerns about the state of the American economy.
The S & P 500 index increased by 0.27% to 6,512.61, while Nasdaq Composite received 0.37% and ended at 21,879.49, with the latter reached a new record of all time in day trading. The Dow Jones Industrial Average ended in the plus of 196.39 points, ie 0.43%, to 45,711.34, thanks to the rise of UnitedHealth shares.
Investor’s concerns that the economy may not be kept so well as it was worsened on Tuesday after the Institute for Statistics have updated their employment data by March, lowering the total increase in the number of employees in that period for as much as 911,000. The audits were not only at the upper bound of what Wall Street expected, but were the largest in history since 2002. years.
“I don’t think the economy weaken,” said the executive director of JPMorgan Chase, Jamie Dimon, for CNBC after the report. “Is it on the way to the recession or just weak, I don’t know.”
Although the data on Tuesday had a minimum impact on shares because they referred to figures six months ago, the report could increase calls to federal reserves to be more aggressive with the reduction in interest rates this year.
“Image of jobs remains worsen and although the Feda’s interest rate decrease in this autumn should also throw a little cold water on recent growth,” said Chris Zaccarella, the main investment director in Northlight Asset Management, SEEbiz.
Wall Street comes from the winning session, and the key chip manufacturers Broadcom and Nvidia helped Nasadaques reach record values. However, during the Tuesday session, Broadcom shares changed the direction, by turning by more than 2%, after the previous two trading days recorded strong gains. His progress in one week is almost 13%.
