After yesterday’s crash was the u.s. stock exchanges back on vinnersporet Thursday.
the Dow Jones rose to 0.30 per cent to 19.852,24, the Nasdaq 0,37 percent to 5.456,85, while the broader S&P 500 index let on 0,39%, to 2.262.03.
the Dow was up over 150 points on the highest, and was then only 50 points away from the magic of the 20,000 limit.
About four stocks rose for every three that fell on the NYSE, where about 987 million shares were traded.
“Fryktindeksen” VIX (CBOE) was trading closer to 12.7.
the Rally has more to go on
Investors are still digesting yesterday’s rate hike from the us central bank.
at the same time an opportunity for the Federal Reserve’s three interest rate hikes in the course of 2017, after having suggested only two at the september meeting.
It looks like this rally has more to go on, and the interest rate increases from the Fed can’t stop this. Today’s figures from the boligbyggerne confirms that the housing market is strong, and is an echo of it (the governor) Janet Yellen said yesterday, ” says chief analyst Naeem Aslam in Think Markets for CNBC.
Everyone’s saw is attached at the 20,000 limit for the Dow, and optimistene sit again in the driver’s seat, he adds.
Baker number three
the Fed has sparked a rally in short us treasuries, which are at their highest levels in over five years.
- We see that “2-year-old” has risen by around ten basis points from yesterday. It shows that the market bakes into a potentially third rate hike next year, ” says Matt Toms, cio for interest at Voya Investment Management to CNBC.
the Dollar has also launched an offensive. EURUSD is in 1,0413, corresponding to a dollarstyrkelse on the one percent in today’s trading. Dollarindeksen reached Thursday 103,12, its highest in 14 years.
at the same time, gold prices fell to their lowest levels in over ten months. Gold for delivery in February closed at 1.129,80 dollars per ounce, down 33,90 dollars.
Oil down, financials showed the way
The stronger dollar weighed also the price of oil. WTI oil for January delivery ended down 0.3 per cent to 50,90 per barrel.
Otherwise, on the makrofronten surprised the two industry indices, the Empire Manufacturing and the Philly Fed is very positive, while jobless claims disappointed.
u.s. consumer prices rose as expected – 0.2 percent in november.
Goldman Sachs was among the fittest of the Dow-components with their increase of 1.3 percent to 243 dollars, while DuPont rose 1.6 per cent to 74,89 dollars. Nike and United Technologies stood out negatively by falling one per cent – to respectively. 51,29 and 108,13 dollars.
Finance showed the way among the nine S&P 500 sectors rose, while inntektsavhengig consumption and property encumbered.
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