Wall Street says goodbye to the mixed week

The Dow Jones index closed Friday's session on negative ground while the Nasdaq and S&P 500 go weekend on 'green'. According to Bankinter analysts, investors are looking ahead next week due to macroeconomic data and more business results expected and the fact that it is the last week before the US elections.


This post is also available in: Portuguese

The New York Stock Exchange was a weekend with no definite trend. Wall Street closed the session this Friday, October 23, mixed, after successive days of negotiations for new support for the economy of the United States of America (USA) and a debate between the candidates for the White House that passed by the markets financial resources.

Among the main stock market indices on the other side of the Atlantic, the Dow Jones industrial index fell 0,10%, to 28.335,57 points, while the financial S&P 500 rose 0,34%, to 3.465,39 points and the technological Nasdaq amounted to 0,37%, to 11.548,28 points. The Russell 2000 appreciated 0,61% to 1.639,10 points.

US Treasury Secretary Steven Mnuchin said today that House Speaker Nancy Pelosy "is still engaged" in a number of issues related to the fiscal stimulus package. “If she wants that commitment, there will be an agreement. But we have made a lot of progress in many areas, however there are still some significant areas that we are working on ”, he said.

US President Donald Trump said he did not want the deal to be a bailout for Democratic states.

According to Bankinter analysts, investors are already looking ahead to next week, "because we will have a lot of macro (GDP's or unemployment rate), more business results and, in addition, it is the last week before the American elections".

The value of 'black gold' is falling. The price of WTI oil, produced in Texas, loses 2,21% to $ 39,74 a barrel, while Brent's barrel price is depreciating 1,86% to $ 41,67.

As for the foreign exchange market, the euro appreciated 0,37% against the dollar, to 1,1860 dollars, and the pound sterling fell 0,27% against the United States currency, to 1,1860 dollars.

“This week has been significantly positive for the cryptocurrency market, especially for major cryptocurrencies like Bitcoin, Ripple and Ethereum. Several altcoins also fired, including Stellar and Litecoin. This strong upward trend was caused by the news that PayPal intends to enter the cryptocurrency market and was reflected by the significant increase in total market capitalization, "informed XTB analysts, in research.

Read more

This post is also available in: Portuguese


Lisbon Stock Exchange continues with timid gains in a falling Europe

PSI-20 is one of the few European indices in 'green'. Jerónimo Martins shares advance 0,12% to 14,19 euros, on the day that the owner of Pingo Doce approves, in an extraordinary general meeting, a dividend of 13,8 cents per share.

Portuguese stock exchange accompanies Europe on the rise. EDP, Sonae and NOS boost PSI 20

In the PSI 20, twelve listed companies trade upwards, three downwards and two trade without variation.

Wall Street closes mixed with rising unemployment

The avalanche of macroeconomic data justifies the poor performance of the stock market. The weekly employment data give rise to the unemployment benefit applications in the country for the second consecutive week, up to 778 thousand, much worse than expected by the market consensus. This can leave lingering marks on the United States labor market.