The NYSEwhich began the doubtful day yesterday, recovered momentum and ended in positive territory, driven by the Nasdaq indicator.
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He Dow Jones main index thus advanced 0.50% to 33,833.61 points, the technological Nasdaq 1.02% to 13,238.52 units, and the S&P 500 0.62% to 4,293.93 points, thus moving to the bull market area or rising market, 20% above its most recent lows.
“We witness a healthy rotation” investor placements “toward other sectors, industrials, and that reflects the sentiment that the Fed (the Federal Reserve, central bank) will end its rate hikes soon”, commented Art Hogan of B. Riley Wealth Management.
“We see the upward rally in the stock market extending”, he added.
At LBBW, Karl Haeling agrees that small caps had “a very good week.” “Bull market widens its base”, said the analyst.
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And it adds upthat enthusiasm around artificial intelligence”.
Among the stock values of the day, the title of Amazon advanced 2.49% following an analysis report that the company’s cloud computing and web services (AWS) will outperform Microsoft or Alphabet in offering AI-powered services.
The Tesla stock soared nearly 5% and gained another 3% after the regular close of the market, after General Motors announced, like Ford, that will use the firm’s network of charging stations for its electric vehicles.
(See: Wall Street closes in the green and the Dow Jones rises 0.47%).
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