Wall Street brand new record
Wall Street reached new highs Monday in its three main indices, with the strong support of the increase in oil prices.
The Dow Jones industrial average rose 0.32% to 18,636.05 points; 23 units above the record that failed on Thursday. The S & P 500 index gained 6.10% to 2,190.15 points and the Nasdaq, dominated by technology stocks, rose 0.56% to 5262.02 points. This was the second time in three sessions each index reached record levels. Before Thursday, it did not occur for more than 16 years. “This is a month of few volumes of transactions without many indicators, so that is a kind of self sustained momentum,” said Sam Stovall of S & P Global Intelligence.
In addition to roles in the energy sector, which were valued by the increase in oil prices, there were gains in industrial and financial securities.
It is paradoxical that rising oil prices make up the bags, when a rise in energy costs affect business accounts.
The truth is that the US economy shows its strength and the rise in the stock market is understood. Correction attention to one after the election for president, will rate hikes.