Wednesday's session at Wall Street ended with an advantage of increases among the main indexes, and analysts indicate that at the moment there are no new arguments behind further increases in the stock markets. Customs tariff issues remain in the spotlight.
Dow Jones Industrial at the closure fell by 0.21 percent, to 42.051.06 points
S&P 500 at the end of the day increased by 0.10 percent and amounted to 5,892.58 points
Nasdaq Composite increased by 0.72 percent Up to 19,146.81 points
The index of companies with medium capitalization Russell 2000 drops by 0.88 percent. and is 2,083.80 points
The VIX index grows by 2.20 percent, to 18.62 points
Analysts indicate that at the moment there are no new catalysts to the increases in the stock markets, and the players have stopped to take their breath after the rally caused by optimism after the mutual cutting of import duties by the US and China at the beginning of this week.
“In April, investors became very pessimistic, missed the reflection on the market, and then were forced to chase him,” said Lilian Chovin, head of asset allocation at Coutts.
Since the beginning of the S & P 500 and DOD, they increased by more than 4 and almost 2 percent, respectively. Nasdaq increased by over 6 percent.
Risk appetite increased this week after the US and China temporarily lowered duties to a wide range of goods. The US reduced duties to China to 30 percent. At the beginning of this week, while Beijing lowered his own duties to 10 percent. for imports from the USA. In April, both countries threatened to impose duties exceeding 100 percent. on each other.
“Although this progress has led to the probable peak of investors' fears and political uncertainty, there are still many unknowns about where tariff rates will eventually land,” said Adam Turnquist, the main technical strategist at LPL Financial.
“For now, investors have adopted a de -leaning background, especially an agreement on the postponement of tariffs concluded with China at the weekend,” he added.
Peter Oppenheimer from Goldman Sachs said that the actions are exposed to further declines if the deteriorating economic data re -ignites the fears of recession.
Both S&P 500 and Nasdaq reflected to levels observed before April 2, when US President Donald Trump announced the “Liberation Day”, introducing duties on most trading partners.
Oil inventory in the USA last week increased by 3.45 million barrels, i.e. by 0.79 percent, to 441.83 million barrels. Gasoline supplies fell by 1.02 million barrels at that time, i.e. by 0.45 percent, to 224.71 million barrels.
Distilled fuel reserves, including heating oil, fell by 3.16 million barrels, i.e. by 2.96 percent, to 103.55 million barrels.
On the oil market, contracts at WTI at May reduce by 1.26 percent. up to USD 62.87 per barrel, and June Futures on Brent Futures fall by 1.25 percent. up to USD 65.80/B. (PAP Biznes)
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