Wall Street rose on Wednesday stimulated by the prospect of an impending trade agreement between Washington and Ottawa and an optimistic indicator of the growth of the US economy.
The Nasdaq, of technological dominance, gained 0.99% and ended up unprecedented 8,109.69 points, thanks to the good results of benchmark companies such as Apple (+ 1.49%), Alphabet (+ 1.51%), home mother of Google, and Amazon (+ 3.38%).
The S & P 500 extended index, which represents the 500 largest companies listed on the New York Stock Exchange, appreciated 0.57% and ended at 2,914.04 points; what constitutes a new record.
The star index of New York, the Dow Jones Industrial Average, grew 0.23% to 26,124.57 points.
This increase “is based on the hope that negotiations between the United States and Canada will quickly lead to an agreement,” said Peter Cardillo of Spartan Capital Securities.
The prospect of a reduction in trade tensions, combined with an upward revision of US growth in the second quarter, “augurs well for the economy as a whole,” he said.
According to the second official estimate, the expansion of US GDP reached 4.2% in annual rhythm in the second quarter, the strongest increase in the product since the third quarter of 2014. In the first quarter growth had been 2.2 %
The increase in the indexes is even more significant since the volumes exchanged are weak at the end of the summer holidays in the United States,
In the bond market, the ten-year US debt rate stood at 2.879%, against 2.880% at the close of Tuesday, and the 30-year rate fluctuated around 3.020%, against 3.030% the previous day.