After the worst session of the past four months, Wall Street breathed yesterday with relief as confidence in the Chinese authorities’ ability to stem the spread of the coronavirus epidemic, as well as the optimism created in anticipation of Apple‘s results, pushed the bonds from the manufacturer of the iPhones to a gain of 2.83%. Which it gave not only a boost to three main indexes but also infected them, with special emphasis on the technological sector, which ended up registering the highest appreciation in the S&P500, with an increase of 1.87%, at the same time that the technological Nasdaq registered an appreciation of 1.43%, much better than the 0.66% of the Dow Jones, the least strong of the trio.
Photo by Rafael Pol.
In the economic field, the news were mixed, as new orders to the North American industry fell a maximum of eight months in December, as well as exports disappointed, which reinforces the idea that comes from last year about a clear cooling of activity manufacturing in the largest economy in the world. However, this is probably one of the most relevant indicators for the market, consumer confidence continues not to disappoint and the index that classifies it rose to the highs of August 2019, while the perception of the labour market also improved, with more citizens are of the opinion where there are “many” jobs available.
