Wall Street opens in green and the Dow Jones rises 0.94% on hopes of the vaccine

New York, Aug 12 (EFE) .- Wall Street opened in green on Wednesday and the Dow Jones advanced 0.94% in an opening marked by hope among investors that a vaccine against COVID-19 could soon be used.

Ten minutes after the start of operations on the New York Stock Exchange, the Dow Jones rose 259.95 points, to 27,946.86, while the selective S&P 500 rose 0.97% or 32.46 integers, to 3,366.15, approaching an all-time high.

For its part, the composite index of the Nasdaq market, where the main technology companies are listed, advanced at a good pace after several days in the red, with a rise of 1.18% or 127.75 units, to 10,910.57 points.

The New York stock market thus opened on a rebound from the losses of the previous day, boosted by the agreement between the US Government and the Moderna company, valued at 1,525 million dollars and that would serve to deliver some 100 million doses of a potential vaccine.

On the negative side, uncertainty continued regarding the negotiations in Congress between Democrats and Republicans, which are keeping their talks to approve a new fiscal stimulus package to alleviate the negative effects of the coronavirus pandemic on the US economy.

“The S&P 500 Index appears to be making its first real attempt at an all-time high after seven consecutive days of gains, demonstrating its former leadership. All on another day without a deal and without resuming talks in Washington on the new package of stimulus, “Leuthold Group chief investment strategist Jim Paulsen told CNBC.

The expert noted, on the other hand, that it seems that many investors could take advantage of these advances to sell and secure their recent profits.

By sectors, all were in the green position and the gains were communications (1.55%), financial (1.29%), technology (1.06%) and non-essential goods (1.06%) ) and health (0.89%).

Among the 30 large listed companies of the Dow Jones, the banks Goldman Sachs (2.07%) and JPMorgan Chase (1.84%), as well as Apple (1.34%), Microsoft (1.3%) and Walgreens (1 , 22%).

Only three firms were negative: Boeing (-1.46%), Caterpillar (-0.17%) and Nike (-0.12%).

In other markets, Texas oil was up 1.75% at this time, to $ 42.34 a barrel; gold rose to 1951.20 dollars an ounce; the yield on the 10-year Treasury bond rose to 0.668% and the dollar lost ground against the euro, with a change of 1.179.

(c) EFE Agency