Wednesday, December 7, 2016

New York-the stock market at record highs …

After a tentative start, the New York-stock markets really get going on Wednesday and closed at new record highs. Among the few negative elements was the pharmaceutical sector, which dropped after prisuttalanden from Donald Trump.

the Dow Jones Industrial Average was noted at the time of closing on the 19.549, a rise of 1.6 per cent compared with Tuesday. The S&P 500 rose 1.3 percent to 2.241 and tekniktunga the Nasdaq Composite rose 1.1% to 5.394.

“a Lot of thought to 2.219-level (for the S&P 500) would inject a bit of resistance but we went through it like a knife cutting butter”, the head of TD Ameritrades chief strategist JJ Kinahan, according to CNBC. Kinahan added that coverage of short positions seemed to burn on the stock exchanges.

Home Depot, up 2.9 per cent, IBM 2.8 percent higher, and Goldman Sachs, +1.8 per cent, were the components that contributed the most to the gains in the Dow index, according to the CNCB.

the Pharmaceutical companies was the negative element after Donald Trump stated that he should lower the prices of medicinal products. When it a month ago, it became clear that Donald Trump surprisingly won the presidential election over Hillary Clinton step läkemedelsaktierna in general, then the republicans traditionally are deemed to take a more pro-market stance, compared with the democrats.

Among individual companies in the synthesis Mylan, who have been criticised for high prices, down 3.8 per cent. In the sector even dropped the Pfizer 1.2%.

the Nasdaq Biotechnology index was down about 3%, but weighed easily on the Nasdaq as a whole then teknikjättar as Apple, +1.0 per cent, was strong.

their Attention was otherwise directed, against the coming centralbanksmöten where the ECB will be first out on Thursday. According to the consensus expected the central bank to extend its program of asset purchases.

Ahead of next week’s Fed meeting, praising the traders in a 100% probability for a rate hike. The question marks regarding rather the central bank’s 2017 vision.

the interest Rate on the u.s. ten-year bund was down 4 basis points to 2.35 percent.

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