The major indices of the New York Stock Exchange closed with mixed results on Thursday, but the S&P 500 closed at its 63rd all-time high for the year.
The upward move was fueled by tech stocks, which rose amid a week-long drop in the yield on 10-year Treasuries and the Federal Reserve’s decision to cut its monthly bond-buying program.
Stocks were also buoyed by Qualcomm’s strong financial outlook.
The Dow Jones Industrial Average fell from an all-time high at the end of Wednesday, dragged down by the shares of banks JPMorgan Chase & Co and Goldman Sachs Group.
The financial sector fell on lower Treasury yields, with the market retreating expectations of faster Fed rate hikes a day after the central bank signaled it was in no rush to do so.
The S&P 500 gained 0.42% to 4,680.06 units, the NASDAQ Composite rose 0.81% to 15,940.31 integers and the Dow Jones Industrial Average, meanwhile, fell 0.09% to 36,124.23 points.
Among the S&P 500 sectors, consumer discretionary and technology won.
Qualcomm shares gained 12.73% to $ 156.11 apiece on the NASDAQ, after the processor maker posted better-than-expected earnings and sales for its current quarter thanks to growing demand for chips.
Data showed that the number of Americans filing new claims for unemployment benefits fell to a new 19-month low last week, suggesting that the economy is picking up momentum.
Personal finance website NerdWallet debuted on NASDAQ on Thursday, rising as much as 91% and reaching a valuation of more than $ 2 billion, but then lost momentum and closed up 57.22% percent.
In Mexico, the main index of the Mexican Stock Exchange, the S & P / BMV IPC just fell 0.01% to 51,873.46 points, while the FTSE-BIVA, of the Institutional Stock Exchange, gained 0.03% to 1,069.89 units.
Reference-www.eleconomista.com.mx