new york (reuters) – wall street ended up on monday, the dow jones index and the s & p had recovered to record levels at the end of a meeting, supported by a strong rebound in technology, made more accessible, after two weeks of benefits.
the dow jones industrial average had 144,71 points, or 0.68%, 21.528,99. the s & p 500, broader, won 20 points, or 0.83%, 2.453,46. the nasdaq composite was to 87,26 points (1.42%) 6.239,01 points.
a part of the increase comes from investors who felt that some titles may have been punished in the movement of false profits on technology shares, which began 10 days ago, “said david lefkowitz, head of ubs wealth management americas strategy.
“there is no change in the basic plan for the area of technos. growth of profits, revisions of the estimated results and indicators remain sound.
apple, microsoft, facebook and script, four lorries (who have suffered as a result of the correction of the sector in the fear that the valuations have reached excessive levels, and again between 1.2% and 2.9%.
apple (2.86%) arrived at the head of the dow jones after a recovery through its goal of maxim’s group, the giant of technology.
the technology sector is 18.7 times the expected results, on average over the past 10 years of development, according to thomson reuters datastream to 14.5).
altaba, former yahoo renamed after the resumption of its activities over internet by verizon communications, increase of 3.58% in its first ratings, helped by the rebound in technology shares.
whole foods markets (+ 1.27% to $43,22) continued to increase after the increase of nearly 30%, as a result of the announcement of the acquisition by amazon for $13.7 billion.
the amazon was 0.76% and hit a record level of $1.7%. the title is increased by 33% since the beginning of the year, compared with a gain of around 10% for the standard & poor’s 500 index.
the financial assets have also been sought after the words of the president of the federal reserve bank of new york, william dudley, who said that america’s inflation is expected to increase with wages, with the further improvement of the labour market, which should make it possible for the fed to continue the gradual increase of the its rate.
in the s & p index of the banks was 1.3% and the index of financial assets was 0.98%, one of the three largest increases. with the technology (1.66%) and health (1.08%).
the confidence of the chairman of the fed, janet yellen, last week when the interest rates to record with the central bank for the third time in six months, has surprised investors who expected more caution on the economy after a series of disappointing indicators.
(tanya agrawal and sinead carew, patrick vignal and juliet rouillon for service in french).
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Translated by forexguides.info Team