New York, May 22 . .- Wall Street closed in mixed terrain this Friday due to a slight decrease of 0.04% in its main indicator, the Dow Jones of Industrials, after a day that started in red due to the increasing tensions geopolitical with China but was encouraged by economic reopens and progress in a possible vaccine against COVID-19.
At the end of operations on the New York Stock Exchange, the Dow Jones was almost flat, cutting 8.96 points and standing at 24,465.16 integers, weighed down by large corporations such as Chevron (-1.92%), Caterpillar (-1 , 35%) and Boeing (-0.99%).
The selective S&P 500 progressed 0.24% or 6.94 points, to 2,955.45 integers; and the Nasdaq composite market index, which brings together the most important technology companies, rose 0.43% or 39.71 points, to 9,324.59 points.
Wall Street went through a weak session with little trading volume ahead of Monday’s Memorial Day holiday, but all three indicators posted sizable weekly gains: the Dow Jones rose 3.29%; the S&P 500 3.20% and the Nasdaq 3.44%.
On Tuesday, some operators are expected to return to the physical space of the New York parquet under special security measures after two months closed by the pandemic, a reflection of that gradual economic reopening that is generating optimism as well as some concern about outbreaks.
This week the news of encouraging but early results of a vaccine developed by the modern pharmaceutical company, which drove the Dow some 900 points on Monday but the following day, between calls for caution, caused negative movements to the territory caused movements in the market. bag.
This Friday, the top epidemiologist for the US Government, Anthony Fauci, told NPR radio that the data from that study was “promising” and later on CNBC warned that keeping the economy closed for too long may also have ” consequences for health “, comments that were well received by investors.
Earlier in the day, Wall Street reacted with sales to the new clash between Washington and Beijing, this time in the wake of the proposal for a new security law for Hong Kong after the anti-government protests last year, but which adds to the complicated relationship of the powers for commercial reasons and for the management of the pandemic.
In addition, the Chinese government’s decision not to set an economic growth goal for 2020 due to the uncertainty caused by the virus, caused concern.
By sectors, the gains of real estate companies (2.21%), public services (1.13%) and communications (0.45%) outweighed the losses of energy companies (-0.67%) and financial (-0.26%).
In the Dow Jones group of listed companies, there were also increases, led by UnitedHealth (1.06%), Travelers (0.94%) and Procter & Gamble (0.88%).
Elsewhere, Texas oil fell to $ 33.25 a barrel, a small correction that did not tarnish its fourth consecutive week by revaluing, a sign of rebalancing supply and demand and more optimistic about the reopens.
At the close of Wall Street, gold rose to $ 1,734.80 an ounce, the yield on the 10-year Treasury bond fell to 0.657% and the dollar advanced against the euro, with a change of 1.0901.