After setting a record double on Tuesday, there were no big changes on Wall Street on Wednesday.
The three indices developed steadily in the pre-trading period on Wednesday afternoon, which is in line with the development in other European exchanges such as Germany and Italy – and the evolution continued after the trading day. This is what Wall Street looked like at close of trading on Wednesday:
- Standard & Poor’s 500 rose 0.22 percent
- The Nasdaq Composite Index rose 0.15%
- The Dow Jones Industrial Average fell 0.11 percent
This is the fifth consecutive day that the S&P 500 and Nasdaq are rising.
Bank stocks contributed to the rally. Bank of America, Citigroup and JPMorgan all rose about 2 percent.
Among the key US numbers that emerged on Wednesday, US durable goods purchase order, which showed a slight decrease of 0.1 percent in July on a monthly basis, according to preliminary figures from US statistical authorities. It was previously expected to decline 0.3 percent.
On Tuesday, the Standard & Poor’s 500 Index closed for the ninth record listing in August and so far this year the index is up more than 19 percent. That means it’s on track to go 10 months in a row without a 5 percent drop, according to Bloomberg. Incidentally, the Nasdaq closed for the first time ever above 15,000 points on Tuesday, CNBC reports, adding that despite the fact that the Dow Jones Index also rose during the day, it closed 0.7 percent away from the record set on August 16 . . On Wednesday, the S&P 500 index was listed above 4,500 points for the first time, but ended slightly lower when trading halted at close time.
A “booster dose” of the Johnson & Johnson vaccine generates nine times higher anti-virus antibodies than was observed four weeks after a single dose, the company said. A vaccine that received emergency approval in the United States originally required only one dose, and recipients of the vaccine are considered fully immune two weeks after the first dose.
J&J shares fell 0.7 percent.
Otherwise, President Joe Biden will meet on Wednesday with top executives from many of the largest companies in technology, financial services, insurance, energy and education to talk about how to combat cybersecurity challenges. The event will be attended by CEOs from Amazon, Apple and JPMorgan Chase, among others, and the event comes after several US companies suffered cyber attacks, according to CNBC.
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