The Cedear ETF that rose the most was the innovation ARKK with 5.4% and the only one that fell was MSCI Brazil with 0.8%.
On Wall Street, positive earnings reports helped investors dismiss the potential risks of an aggressive rise in US interest rates and the war in Ukraine. The S&P 500 gained 1.65% to 4,464.05 while the Nasdaq gained 2.15% to 13,619.49. The Dow Jones Industrial Average rose 51.51% to 34,931.26 units.
“Earnings season is grabbing some of the attention that had been hyper-focused on the correlation between returns and falling growth stocks”said Art Hogan, chief market strategist at National Securities in New York.
For its part, The decreases in the Cedears of the mining companies are correlated with the gold prices that this day fell by 1%due to the rise in the dollar and the yields on US Treasury bonds.
Spot gold fell 1.1% to $1,956.66 per ounce, while US gold futures lost 1.5% to $1,957.00. Gold fell from $1,998.10, its highest level in a month hit on Monday.
This day the total volume in equities was $3,548 million, of which 71% corresponded to operations with Cedears, for an amount of $2,548 million, and 28%, about $1,000 million, to shares of Argentine companies.
Source: Ambito
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