The Dow Jones rose 0.65% to 35,120.08 points, while the S&P 500 added 0.81% to close at 4,441.67 points. The Nasdaq Composite rose 1.19% to 14,714.66 on stronger interest in technology stocks, which have been depreciating in recent sessions.
Nasdaq, by the way, recorded the best session over the past month.
The tech giants had a good day with Microsoft shares up 2.56%. Apple shares gained 1.02%, Facebook – 1.20%, Alphabet, Google’s parent company – 1.29%, and Amazon only 0.38%.
Tesla, which unveiled its humanoid robot design today, gained 1.01%.
Chinese companies listed on the US markets also rallied today, but recorded the longest streak of weekly losses in a decade.
“While investors are understandably concerned about the Fed’s potential ‘cut’ plans, with COVID-19 infection persisting, we believe the Fed is unlikely to announce any plans to lift stimulus until the US returns Affairs. to early summer levels, “defended Rod von Lipsey, managing director of UBS Private Wealth Management, in statements to Bloomberg.
In any case, all the attention is now riveted on the Fed symposium in Jackson Hole, which will be held from 26 to 28 August.
