Wall Street finishes up, helped by banks and energy

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Wall Street finishes up, helped by banks and energy

Wall Street finishes up, helped by banks and energy

  • / New York (New York, USA) – March 18, 2019 16:51

The New York Stock Exchange ended up Monday after a rather indecisive session, banking and energy stocks allowing indices to stay afloat on the eve of a meeting of the US Central Bank ( Fed).According to the final results at the close, Wall Street’s flagship index, the Dow Jones Industrial Average, gained 0.25% to finish at 25,914.10 points, the Nasdaq, with strong technological coloration, took 0.34% at 7,714.48 points, and the expanded S & P 500 index rose 0.37% to 2,832.94 points.”The market has been relatively quiet and is waiting for the next catalyst that will allow it to rise further,” said Adam Sarhan of 50 Park Investments.After a session that saw the Dow Jones, Nasdaq and S & P 500 indices – to a lesser extent – alternate between red and green, the rise in banking stocks and those of the energy sector allowed to end in positive territory.Energy companies in a S & P 500 subindex averaged 1.39% and the banking sector 1.03%.The former were helped by a rise in crude prices, the latter having benefited, in Mr. Sarhan’s opinion, from the “climate of optimism surrounding the American economy”.he opening of this week also sparked a wait-and-see attitude among brokers preparing for the US Central Bank (Fed) meeting on Tuesday and Wednesday.The monetary institute has said it again and again: it will now be “patient” before acting on rates. And the mixed economic data of recent weeks should not change its attitude at its monetary policy meeting. – Facebook falls again – The Fed “should try to reassure investors,” said Peter Cardillo, Spartan Capital.Its forecasts on the level of future interest rates should “be subject to scrutiny by investors given the uncertainty as to the duration of its wait-and-see attitude,” said analysts Charles Schwab.The indexes advanced despite Boeing’s decline of 1.77%, a prominent member of the Dow Jones index.The aircraft manufacturer and the US authorities are in an increasingly difficult position, summoned now by justice to shed light on the certification of the 737 MAX after the accident of Lion Air and that of Ethiopian Airlines at four months and half of an interval.The examination of the black boxes of the Boeing 737 MAX 8 that crashed on March 10 in Ethiopia also showed “clear similarities” between the two crash, said the Ethiopian Minister of Transport Dagmawit Moges.Among the other values of the day, Facebook (-3.32%) fell for the third session in a row, while an analyst lowered its forecast on the title.Worldpay jumped 9.96%. The US computer giant FIS, specializing in banking and payments, will absorb the group of payments services during a $ 43 billion operation, announced Monday the two companies.Apple gained 1.02%. The Apple brand unveiled two new iPad models on Monday, an “Air” model, 10.5 inches and a “Mini” model of 7.9 inches, accompanied by a stylus, and already on sale. The model “Mini” is distributed in the United States from 399 dollars and the model “Air” from 499 dollars, specified the group.The automaker General Motors dropped 0.24%. In a series of tweets between Sunday and Monday, US President Donald Trump has again rebelled against the closure of the GM plant in Lordstown, Ohio, saying he wanted “jobs remain in the United States “.In the bond market, the interest rate on the 10-year debt rose to 2.606% around 20.40 GMT, against 2.587% Friday evening, and that on the 30-year debt rose slightly to 3.015% against 3.011% at the end. last week.