The shops in the run-up to Christmas went this year as well as already long not more. The after week-long decline for massive gains in many stocks and a new record.
This has never happened before: The Dow Jones Index of the default values on the New York Wall Street by more than 1000 points – a single day of trading! At exactly 22.878 points, the Index went on Wednesday from the trade – with a Plus of around five percent compared to Christmas eve. On Tuesday trading on Wall Street had rested because of Christmas.
The other course barometer increased significantly: in The broader S&P 500 Index growth was also about five percent, and the Index of technology exchange Nasdaq rose by 5.8 percent. For all three indexes, it was the largest percentage one-day gain for almost ten years.
Credit cards are running hot – Facebook “irresistible”
Traders justified the price premiums with a report of credit card company Mastercard. Accordingly, US customers bought from early November to Christmas of this year for around 850 billion dollars, compared with the revenues in the same period in 2017, an increase of five percent.
His Job is safe? US Central Bank chief Powell
Also the shipping retailer Amazon reported record sales. The shares of the US group included with a Plus of more than nine percent to be the big winners. But also in the case of Facebook, there was thick growth of more than eight percent. Financial experts had expressed the view that the papers had never been such a “compelling” investment opportunity.
Presidential recommendation of the courses is a driving force behind
Were encouraged stock buyers of U.S. President Donald Trump. He had recommended that investors take advantage of the recent price decline, and to invest more in shares. “I think it is to buy a great opportunity. Really to buy a great opportunity,” said Trump on Tuesday in front of reporters in the White house. And that He had “great confidence” in U.S. companies.
In addition, traders pointed to Comments of the Trump adviser Kevin Hassett to be the Job of the US Central Bank’s President, Jerome Powell in spite of the persistent criticism from the White house to him and the policy of the Fed is “100 percent” safe. Trump had criticized the Central Bank repeatedly. He fears that they could stifle your interest rate increase in rate recovery of the US economy.
fw/wa (rtr, dpa, afp)