The S&P 500 and Dow Jones Industrial Average reached record highs on Friday at Wall Street, While the big stocks led higher in NasdaqAfter weak employment data in the United States eased concerns about the possibility of a rate hike.
Unofficially, the Promedio Industrial Dow Jones It increased 227.91 points, or 0.66 percent, to 34,776.44 units, while S&P The 500 rose 30.81 points, or 0.73 percent, to 4,232.43 units. The Nasdaq It added 119.40 points, or 0.88 percent, to 13,752.24 units.
Job growth in the US unexpectedly slowed in AprilMost likely due to a shortage of workers, according to a report released by the Labor Department on Friday.
The report eased some concerns about rising inflation and potential interest rate increases in the US, which some investors feared would hurt higher value growth companies.
“Growth stocks that have been penalized have had another opportunity, because they will be perceived as less risky in an environment where there is a slower recovery, and this is what the employment data really indicates,” said Tom Martin, Director of Global Investments. Senior portfolio.
Significant weight growth values, such as Microsoft Corporation , Apple Inc and Alphabet rose, but all major sectors of the S&P 500 also advanced. With energy and real estate at the fore.
“The expectation and confirmation that monetary policy (of the Federal Reserve) will remain the same and that the continued economic recovery due to the application of vaccines has led to these rises at all, but we believe that the volatility will be greater,” said Greg Basock, CEO of the company Access Investments.
A series of corporate results also helped encouraging stocks. It is estimated that earnings of S&P 500 companies increased 50.4 percent in the first quarter of last year, the highest growth rate since January and March 2010, according to Refinitiv data.
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