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Sunday, December 4, 2022

Cedears soar up to 40% before the rise of the financial dollar and the hand of Wall Street

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Adjusted loss before interest, taxes, depreciation and amortization widened to $357.7 million from US$165.5 million a year ago but analysts had estimated an average of $457.4 million.

After her, they rise with force, the Asian giant Alibaba (+13.3%), Shopify (+10.6%), Mercado Libre (+8.9%), and Walmart (+8.4%).

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This day the Nasdaq, with a strong weight of the technology sector, led the rises of the main Wall Street indices. The bullish rally that began after knowing the inflation data that prompted bets on a lower rise in interest rates by the Federal Reserve is still continuing.

“The data is going to confirm people’s hopes that inflation is starting to turn. It’s going to give the market more confidence,” said Robert Pavlik, a portfolio manager at Dakota Wealth in Fairfield, Connecticut.

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The Dow Jones Industrial Average rose 0.4% to 33,674.30 units, while the S&P 500 added 1.2% to 4,006.60 units. The Nasdaq Composite rose 2.2% to 11,443.18 units.

For their part, they also boost the most traded Cedears, the rise in the dollar that reaches its highest value since July 27 of this year, after the run unleashed in the midst of the changes at the head of the Ministry of Economy.

The Dollar Cash with Settlement (CCL) It advances $3.30 (+1.1%) to $314.18, the highest in three and a half months. In turn, the MEP dollar recorded its sixth consecutive rise and climbed $5 (+1.7%) to $304.76, its highest value since the end of July.

Source: Ambito

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