“US stocks rose on the Fed’s minutes, which reaffirmed commitment to a gradual tightening policy to curb inflation, and as some retailers delivered more optimistic outlooks”said Edward Moya, an analyst at OANDA.
Before this panorama, Cedears jumped up to 15.7% thanks to Snapchat. so they completed the main rises Alibaba (+14.8%), Tesla (+13%), and Mercado Libre (+11.7%). As for Cedears ETFs, all nine closed higher. The highest were ARKK for innovation (+8.7%), QQQ that replicates the Nasdaq (+4.5%), and XLE for energy (+3.8%).
This day the energy sector was boosted by the rise in the barrel of oil that reached a maximum of two months due to the shortage of supply. In turn, mega-caps and technology companies rose hand in hand with the recovery of Wall Street indices.
Wall Street closed sharply higher on Thursday. According to preliminary data, the S&P 500 gained 79.51 points, or 2.00%, to 4,058.24 points, while the Nasdaq gained 301.83 points, or 2.64%, to 11,740.46 points. The Dow Jones Industrial Average rose 520.20 points, or 1.62%, to 32,640.48.
Source: Ambito
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