The Cedears that are tied to the CCL suffer the consequences of their significant fall.
Cedears fall sharply due to the collapse of the CCL dollar
Courtesy: TSA Stock Exchange
This day the CCL dollar plummets more than $40 and pierces $900, which has a full impact on the price of the Argentine Certificates of Deposit (Cedears).
Thus, this day, among the most traded papers, the greatest decreases are for Coinbase (-7.2%), amazon (-4.9%), and Walmart (-5.42%).
These casualties happen against the trend on Wall Streetwhere the main indices rose, starting the last week of the year on a positive note.
These increases are due to growing bets on an early Federal Reserve rate cut that lifted the spirits of investors after the Christmas holidays.
Almost all S&P 500 sub-indices were trading higherexcept for healthcare, and the benchmark index was about to surpass its all-time closing high reached in January 2022.
A close above that level would confirm that the benchmark index has entered a bullish streak since bottoming in October 2022.
Source: Ambito
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