Wall Street is having an eventful week in its latest bullish streak, which has led the main indices across the Atlantic to mark and exceed their all-time highs, session after session. Donald Trump’s victory gave a boost to American index prices, with the prospects of a new Republican mandate seeming to fill investors with optimism. In the midst of this post-election euphoria, the main American reference, The S&P 500 reached its latest record: surpassing the psychological barrier of 6,000 points. He managed to touch it on Friday, although it closed below, and this Monday it is trading above.
At the end of the European session, the selection of the 500 most influential companies in the world Big Apple It increased by more than 0.3% and is trading at 6,015 points, its new maximum intraday level. This leads the index to increase its price by 26% over the year, the most bullish on Wall Street. and they are Technology companies are the ones that most support the progression of the index. Palantir Technologies and Axon Enterprise gain momentum almost 47% since last Monday, while Tesla increased by 40% over the same period. The relationship between businessman Elon Musk and the new US president, expected to be part of the new Republican executive team, is seen by investors as one of the great beneficiaries of Trump’s economic impulses and is reaping the benefits in the park. .
The Republican attracted market attention last week, and even the long-awaited meeting of the US Federal Reserve and its new interest rate cut fell under the radar, as did many economic results. The euphoria of investors on Wall Street also pushed the Dow Jones and the Nasdaq to record highs at the end of the day on the Old Continent. The industrial index with its increase of 0.7% positioned itself at 44,300 pointswhile the technological benchmark advanced by 0.2%, obtaining 21,170 points, which he lost during the session.
On the other hand, the situation was completely opposite last week for the European stock exchanges which, given the businessman’s promise to increase customs duties on imported products, saw their prices punished to the point of close in negative territory in their weekly balance. But this week, the selectives of the Old Continent are bouncing back in unison and are off to a good start by recording increases, led by the Italian FTSE Mib, which advanced by 1.6% during this last session. On its own, the Dax gained 1.4%, while the EuroStoxx 50 and the Cac 40 gained 1.2% and 1.1% respectively on the stock market. While, the Ibex 35 increased by 0.4% your quote this Monday.
