(New York and Toronto) The New York Stock Exchange kept its optimism Thursday despite the violence of the day before on Capitol Hill: the three main indices of Wall Street climbed to new historical records.
Posted January 7, 2021 9:47 a.m.
Updated at 5:58 p.m.
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According to final results at the close, the index of flagship stocks Dow Jones ended up 0.69% to 31,041.13 points, already its second record of the year 2021.
The tech-heavy NASDAQ pulled the market down, ending a jump of 2.56% to 13,067.48 points, a new record.
The S&P 500 extended index was no exception, hitting a high of 3803.79 points, up 1.48%.
The Toronto Stock Exchange’s S & P / TSX Composite Index broke the 18,000 point mark for the first time and closed up 199.46 points to 18,027.57 points after climbing to 18,051 , 75 earlier today.
His previous record, hit in February, was 17,970.51 points, and his previous closing record, reached on the same day, was 17,944.06 points.
Nine of the eleven sectors on the TSX advanced, with information technology leading the way with a gain of 2.3%. The industry group rose 1.8%, while health and energy rose 1.5%.
The consumer staples and telecommunications sectors fell less than 1.0%.
In the currency market, the Canadian dollar traded at an average rate of 78.70 cents US, down from its average rate of 78.83 cents US the previous day.
On the New York Commodity Exchange, the price of crude oil rose 20 cents to US $ 50.83 a barrel, while gold climbed from US $ 5.00 to US $ 1,913.60 the ounce. The price of copper climbed 4.55 cents US to end the session near US $ 3.70 a pound.
“Stocks have traded at new all-time highs as investors focus on prospects for further fiscal stimulus,” following certification the day before Democrat Joe Biden won the presidency of the United States, said stressed analysts at Wells Fargo.
Democrats are further assured of even small control over both the House and the Senate after Georgia’s dual senatorial election, which should make it easier for further economic stimulus or spending measures to be passed in the country. infrastructure.
Another element that analysts put forward as having reassured the markets after the violent eruption of Trump supporters in Congress the day before, the fact that “President Trump called for an orderly transition of power, following the unrest on Capitol Hill “, We again stressed at Wells Fargo.
Today’s economic data reinforced the feeling of optimism. Activity in services in December was stronger than expected, according to the ISM index. Weekly claims for unemployment benefits fell slightly (-3,000) to 787,000.
The trade deficit for November increased sharply (+ 8%), the highest since August 2006, which is taken as a positive indicator of a recovery in world trade in the context of the pandemic.
The star stock was that of Tesla, again, which ended up more than 7% like the day before.
The title of the manufacturer of high-end electric cars exceeded for the first time the mark of 800 dollars, allowing with the gigantic valuation of the group on the stock market to hoist its boss Elon Musk to the rank of the richest man in the world, in front of Jeff Bezos from Amazon.
“How strange …” responded the wealthy and whimsical boss of Tesla on Twitter. “Let’s go back to work…”.
In the bond market, the 10-year yield on Treasury bills rose sharply to 1.0778% from 1.0355% on Wednesday. This is the first time this week since March and the start of the pandemic in the United States that the yield on ten-year bonds has exceeded 1%.
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