S&P 500 and NASDAQ hit new highs at close

The New York Stock Exchange ended up uneven on Thursday, albeit with records for two of its three main indices, in a market that remains attentive to inflationary pressures.

The Dow Jones index lost 0.17% to 35,870.95 points, the NASDAQ technology gained 0.45% to 15,993.71 units, a record, the same as the S&P 500, which closed at 4,704.54 units with an increase of 0.34 percent.

It was a highly volatile day with markets reacting to inflationary pressures, supply chain challenges and labor shortages, “Schwab analysts said.

That “not counting the concerns that seem to return about the recent increase in Covid-19 infections in the world,” they added.

The stock market also received data on unemployment benefits in the United States, which fell slightly last week and continued to approach pre-pandemic levels.

In the week ending Nov. 13, 268,000 people signed up for these grants, 1,000 fewer than the week before, according to data released Thursday by the Labor Department.

The figure is above what analysts expected (260,000). In mid-March 2020, just before the first lockdown measures in the United States, these orders stood at 225,500.

“This is the lowest level since March 14, 2020,” said Patrick O “Hare at Briefing.com.

Among the values ​​of the day, semiconductor and graphics card maker Nvidia pushed the NASDAQ up 8.25% to $ 316.75 per share, thanks to better-than-expected quarterly results when shortages of these components hit the market.



Reference-www.eleconomista.com.mx

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