Cedears: Vista and Mercado Libre led the increases in the Stock Market

Cedears: Vista and Mercado Libre led the increases in the Stock Market

For its part, Vista’s shares grew 150% year-to-date. The company created by Miguel Galuccio maintains that since he arrived in Vaca Muerta three years ago, he has doubled unconventional oil production and reduced costs.

In relation to the papers with the highest market share, Coca Cola rose 0.02% and Apple grew 0.5%. Between the Cedears more operated, JP’s falls stood out. Morgan (-2.5%), Visa (-1.2%) and the steel producer US Steel.

Since their recent peak in August, shares of US Steel lost about 26.7% on the New York Stock Exchange. Despite this, Investing analysts maintain that in the coming months it could return to positive territory with a 53% return.

The New York Stock Exchange finished positive on Wednesday thanks to some good quarterly business results, and despite inflation data and the Fed’s outlook to reduce its asset purchases.

The main Dow Jones index closed stable at 34,377.81 points. The Nasdaq technology gained 0.73% to 14,571.63 units, and the S&P 500 0.30% to 4,363.80 points.

For its part, oil prices stopped their reboundas some investors wondered if inflation and other supply chain issues will affect economic growth and ultimately energy demand. For its part, gold rose 2% on Wednesday to a nearly a month high.

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