Wall Street breaks records with the support of oil – La Voix du Nord

Wall Street rose on Monday to finish to record, good performance of oil prices giving him the impetus in a sparse news: Dow Jones took 0.32% and the Nasdaq 0.56%, both to unprecedented levels.

According to final results, the index Featured Dow Jones Industrial Average gained 59.58 points 18636 , 05 points and the Nasdaq, dominated by technology, 29.12 points 5262.02 points, each a record. The broader S & amp; P 500 advanced 6.10 points, or 0.28%, to 2190.15 point, again a record closing

“Investors feel good and grow. ! prices to new records … because the records are usually a good sign for the stock market, “summed Sam Stovall, Standard & amp; Poor’s Global Intelligence.

“It is a month in which exchanges are very limited, there is not been much advertised indicators, so it looks like a self-fulfilling dynamic,” he -t he acknowledged.

Since the beginning of summer, Wall Street regularly broke new records after briefly faltered following the British vote in late June on an output of the Union European (EU).

on Monday, the new rise of the new York Stock Exchange was due to “two factors,” said Peter Cardillo, chief economist at First Financial Standard.

first, he quoted her as the self-fulfilling aspect of the rise of Wall Street to unprecedented levels, these records constitute nature of technical thresholds to encourage new purchases waves.

Second, he evoked “the rise in oil prices,” which continued Monday increased begun the previous week due to renewed hope about a deal in oil-producing countries to freeze their production.

of course, “we also learned of economic data today, but they do not seem to have been enough to weigh on the market,” concluded Mr. Cardillo.

Indeed, US daily figures were hardly engaging, with the main statistical announcing an unexpected contraction in activity in the New York region in August, though some observers were encouraging elements in the retail this index.

The bond market fell. Around 8:20 p.m. EDT, the yield on 10-year Treasury rose to 1.557% against 1.509% Friday night, and that good for 30 years at 2.281% against 2.228% previously.