* Upward revision of US GDP for the first quarter * Financial and technology have benefited from the rebound * Values related to energy up with a barrel * The Dow took over 1.57%, the S & amp; P 1 , 78%, Nasdaq 2.12% (updated with volume, Endo International) by Lewis Krauskopf NEW YORK, June 28 (Reuters) – the New York Stock Exchange finished higher on Tuesday, helped by a rebound purchasing power cheaply after two massive sales of sessions that followed the British vote Thursday in favor of leaving the European Union (EU). The Dow Jones .DJI regained 269.48 points, or 1.57%, to 17,409.72 points. The S & amp; P 500 .SPx broader took 35.55 points, or 1.78%, to 2036.09 points. The Nasdaq Composite .IXIC rebounded by 97.42 point (+ 2.12%) to 4691.87 points. All three major indexes had registered Friday and Monday their largest decline in two sessions since August 2015, including a decline of around 5.3% for the S & amp; P 500. The volatility index of the CBOE .VIX fell from 21.38% to 18.75 points in the stride. However, uncertainty about the timing and the output conditions of the UK in the EU should weaken the market and boost volatility in the coming weeks. “There is a certain logic to the increase but I do not think she’s here to stay,” said Art Hogan, chief strategy officer at Wunderlich Securities in New York. As in Europe, all sectors have benefited from the rebound but the most battered values since the announcement Friday of the unexpected outcome of the British referendum are among the most dynamic on Tuesday on Wall Street. NIKE 5.7% LOSES IN POST-STOCK This is the case of bank whose .SPSY index took 2.47%, with gains between 3.3% and 5.1% JPMorgan Chase JPM. N, Bank of America and Citigroup BAC.N CN. The technology sector is also among the .SPLRCT sharper rebounds with a gain of 2.03%, with the oil sector .SPNY (+ 2.64%), which benefited from the rebound in oil prices in the context of renewed risk appetite. Similarly, the dollar fell back after being sought for two days and is trading at more than 1.1085 per euro EUR = and 1.3343 to the pound GBP = D4 which returns to form after falling to a more low of 31 years on Monday. The yield on 10-year US government bonds US10YT = RR rising slightly after two sessions of declines. Investors remain attentive to signals that may influence the decisions of the Federal Reserve while the British vote, which weakens the global economy could now sweep the arguments of the central bank for a higher interest rate by the end of the year. The Commerce Department said Tuesday that growth in the US economy had indeed slowed in the first quarter although not as strongly that only gave him to think first estimates, to 1.1% annualized. As for the US consumer confidence, it improved significantly more than expected in June, according to the employers’ organization Conference Board. Values, Endo ENDP.O International jumped 18.26%. The pharmaceutical company has talked with private equity fund of possible asset sales to reduce its debt, said sources close to the dossier. Nike NKE.N, the world’s leading sporting goods, issued after the close of quarterly results considered disappointing. The title was losing 5.7% in electronic transactions in after-hours trading. (With Yashaswini Swamynathan, Juliette Rouillon for the French service)
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Tuesday, June 28, 2016
Wall Street rebounds after closing its decline due to Brexit – Boursorama
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