The New York Stock Exchange remains down in Friday's trading after a mixed start. Wall Street is 'incarnate' in what is the last session of a week marked by volatility.
Observing the performance of the New York squares, it is noted that the Dow Jones industrial index decreased 0,12%, to 27.869,79 points, while the financial S&P 500 fell 0,49%, to 3.340,50 points. The technological Nasdaq is the one that presents the most expressive breaks, falling 0,86%, to 10.816,17 points.
“Contradictory information regarding the timing of the arrival of the Covid-19 vaccine and the possibility of new fiscal stimulus in the United States are issues that mark the news. Note that today it is Quadruple Witching Day, day of simultaneous maturity of stock index futures, stock futures, index options and stock options ”, explains Ramiro Loureiro, analyst at Millennium bcp.
Bankinter analysts also explain that this day, when options and futures on stocks and indices expire, explains the volatility of North American markets. In addition, they contextualize that yesterday the technology “returned to be the center of attention, after two sessions in negative”. “Nasdaq's market capitalization surpassed that of Euro Stoxx 600 and this has revived the debate about valuations, and has stimulated sectoral rotation and trading“, They refer, regarding the index that opened today in 'green' but ended up losing gas.
In business terms, Tesla's shares are up 5,02% to $ 444, after having seen upward revisions in the week leading up to the important “Battery Day” event. The airline Delta sees its shares drop 1,47%, to $ 33,46, after having reached a provisional agreement with the pilots' union to reduce at least 220 licenses to 1.721.