Cedears climbed up to 8% before a shot of technology on Wall Street

Cedears climbed up to 8% before a shot of technology on Wall Street

Among the most traded papers, the main increases corresponded to Mercado Libre (+7.7%), Advanced Micro Devices (+5.6%), and Paypal (+5.5%). While the greatest casualties were led by Vista Oil&Gas (-2.3%), Exxon (-1.2%), and Petrobras (-1.6%).

Harmony Gold, meanwhile, rose 8%, and it was driven by the rise in gold that developed in the face of the decline of the dollar. The spot metal gained 1.2% to $1,868.41 an ounce, after hitting a one-week high. US gold futures also added 1.2% to $1,871.4.

For its part, among the most traded Cedears ETFs, the ARKK of innovation grew 6%, while the energy sector with the XLE fell 1.5%.

The New York Stock Exchange, meanwhile, closed higher. The good day was “supported by a search for good deals and the feeling that, if the US economy slows down, it will still remain well positioned,” traders said.

The main Dow Jones index gained 1.33%; the technological Nasdaq, 2.69% and the expanded S&P 500 index, 1.84%.

One of the events that stood out on Wall Street was that Microsoft cut its earnings and revenue forecasts for the fourth quarter. In the justification, the technology giant said that it was due to the impact of the strength of the dollar, which caused the shares of the technology giant on Wall Street to fall 3%.

The greenback gained nearly 14% against a basket of currencies in the past year, buoyed by a hawkish Federal Reserve and heightened geopolitical tensions.

Source: Ambito

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