Wall Street is having an uphill week in its latest bullish streak, which has led the main indices on the other side of the Atlantic to mark and exceed their all-time highs, session after session. Donald Trump’s victory has been the impetus for the price of US indices, with the prospects of a new Republican mandate seeming to fill investors with optimism. In the midst of this post-election euphoria, the main American reference, The S&P 500 achieves its latest record: surpassing the psychological barrier of 6,000 points. It managed to touch it on Friday, although it closed below, and this Monday it is trading above.
At the close of the European session, the selection of the 500 most influential companies in the Big Apple It rose more than 0.3% and was trading at 6,015 points, its new intraday maximum level. This leads the index to increase its price by 26% in the year, the most bullish on Wall Street. and they are Technology companies are the ones that most support the advance of the index. Palantir Technologies and Axon Enterprise rise almost 47% since last Monday, while Tesla rose 40% in this same period. The relationship between businessman Elon Musk and the new US president, who is speculated to be part of the new Republican executive team, has been perceived by investors as one of the great beneficiaries of Trump’s economic impulses and is reaping the fruits of this in the park.
The Republican has stolen the market’s attention in the last week, and even the long-awaited meeting of the US Federal Reserve and its new interest rate cut has gone under the table, along with many business results. The euphoria of investors on Wall Street also drove the Dow Jones and the Nasdaq to record highs at the end of the day in the Old Continent. The industrial index with its rise of 0.7% was positioned at 44,300 pointswhile the technological reference advanced 0.2%, achieving 21,160 points.
On the other hand, the situation was completely opposite for the European stock markets last week, which, given the businessman’s promise to increase tariffs on imported products, saw their prices punished to the point of closing in negative territory in their weekly balance. But this week, the selective ones of the Old Continent rebound in unison and get off to a good start by recording increases, led by the Italian FTSE Mib, which advanced 1.6% in this last session. On its own, the Dax gained 1.4%, while the EuroStoxx 50 and the Cac 40 added 1.2% on the stock market. While, the Ibex 35 increased 0.5% your quote this monday.
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