Thursday, February 9, 2017

Skatterally on Wall Street – three new records – Hegnar Online

Both the S&P 500 index and the Nasdaq index set a new toppnoteringer Thursday.

S&P 500 rose by 0,58 percent to 2307,87 points . The Nasdaq rose also 0,58 per cent, however, to score points.

Also, the Dow Jones had a nice recovery Thursday to a new record, and increased by 0,59 percent to 20172,33 points.

the Vix index dropped by 4,98% to 10,88 which is a very low level.

Skatterally

the Statements from Trump mentioned that he will announce something when it comes to the level of tax in the course of the next few weeks.

“lowering the total tax burden on american business is “big league”….it comes able very good. We are far ahead of schedule, I believe. And we’re going to advertise something, I will say in the course of the next two to three weeks, that will be phenomenal with respect to the tax”, said Trump in a meeting with u.s. flyselskapstopper.

One analyst said that Thursday’s rise was also due to strong earnings of the companies and lower interest rates, while another pointed out that the volume of trade was relatively low.

A third said to CNBC that the political uncertainty is the factor that is holding back the market.

“Remove it, and the market will go up three to four percent,” said Peter Cardillo, chief economist of First Standard Financial.

S&P 500 was however traded within a band of one per cent for 38. trading day in a row – for the first time in history.

Winners and losers

Under Armour was one of the stocks that led the S&P 500 higher, with an increase of 5.5 per cent. Coca Cola pulled down with a decline of 1.8 per cent.

Bankaksjene was really in shock on Thursday.

Goldman Sachs and JPMorgan Chase & Co increased by 1.6 per cent and 1.4 per cent, but best of all was Nike, and Wal-Mart, which rose by 2.7 per cent and 1.9 per cent.

Twitter, however, fell by 12 per cent after misset expectations of the result.

Ingredients

the gold price fallen by 0,60 percent on Thursday, while WTI-oil rises 1,41 percent to 53,08 dollars per barrel.

Furthermore, the step hveteprisen with 2.31 per cent, while the price of Soybeans fell with 0.85 per cent.

CNBC’s dollarindeks increased by 0,35 percent.

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