The three main Wall Street indices ended Wednesday's trading with no definite trend. Throughout the session, the Dow Jones recovered from losses and ended up high, with the market driven by news about the new economic stimulus package in the United States.
The Dow Jones rose 0,2% to 39.883,79 points; the S&P 500 also advanced 0,2%, to 3.669,73 points; and the technological Nasdaq was the only one that closed down, with a slight devaluation of 0,05%, to 12.349,37 points.
House of Representatives Democratic leader Nancy Pelosi and Republican minority leader in the lower house, Chuch Schumer, supported the $ 908 billion economic stimulus package and, in a joint statement, announced that the proposed deal “is the basis for immediate negotiations ”.
In addition to this package, the US Secretary of State for the Treasury also defended a federal support of US $ 20 billion for the airline industry. The statements boosted American Airlines and United Airlines, which rose more than 2%.
Also noteworthy for Pfizer, after the United Kingdom authorized the emergency use of the vaccine against Covid-19. The North American pharmaceutical company continues to increase in the stock markets, registering today an increase of 3,55%.
The start of the session in New York was marked by the weak figures presented on the labor market, with the creation of the number of jobs in the private sector falling short of expectations.
In the case of raw materials, the price of oil is on the rise. In the United States, WTI increased 1,41% to $ 45,18. In London, Brent is up 1,56% to $ 48,16.