S&P 500 and Nasdaq start session adding more than 2%. Coinbase scales 10%
Wall Street kicked off the session painted green, after last week the world benchmark par excellence, the S&P 500, lost US$2 billion and this Monday, US markets were closed for the celebration of the holiday. concerning the end of slavery in the USA.
The industrial Dow Jones added 1.66% to 30,397.27 points, while the S&P 500 rose 2.15% to 3,753.87 points. The technological Nasdaq Composite grows 2.49% to 11,065.17 points.
This week, the session starts with a note of optimism made by US President Joe Biden, who on Friday stressed that “it is not inevitable” that there will be a recession in the US, at a time when the market fears that with the hardening of the monetary policy of the US Federal Reserve, the US economy may enter into crisis.
Among the main market movements is the 35.90% drop in Acadia Pharmaceutical’s shares, after last week the North American drug regulator (FDA) voted against the company’s drug market entry. on the market for Alzheimer’s.
On the other hand, Kellogg scales 4.19%, after the company announced that the board of directors approved the division of the business by three companies. In turn, Coinbase shares soared 10.12%, riding the rise of bitcoin that continues to trade above the psychological line of $20,000.
“While the picture remains murky for some investors at the start of the summer season, some investors looking to buy stocks with cheaper valuations have been reassured. [com estas palavras de Joe Biden]”, commented Pierre Veyret, analyst at ActivTrades, quoted by Bloomberg.
After accelerating to 40-year highs in May, US inflation appears to be starting to show signs of slowing, as a Bloomberg survey of economists predicts inflation will reach 6.5% by the fourth quarter and 3.5% by the middle of next year.