October 19, 2021

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Strong rise on Wall Street

Strong rise on Wall Street

The three major indices in the US closed in green on Thursday.

  • Industry Index Dow Jones It ended the day with a strong gain of 0.98 percent to 3,4754.15 points.
  • the wide Standard & Poor’s 500The index closed up 0.83 percent to 4,399.83 points.
  • Technology Index Nasdaq Today’s winner was an increase of 1.05 percent to 14,654.02 points.

On the aggregate front, it was announced Thursday that 326,000 Americans applied for unemployment benefits for the first time in the week to October 2, versus the 348,000 expected for the first time.

Investors are now waiting for Friday’s Non-Farm Payrolls report, which is marked by many as the most important aggregate number for the month.

oil

The price of oil rose sharply on Thursday.

BrentOil is up 2% at the close on Wall Street, and a barrel is now at $82.46. At the same time West Texas IntermediateOil rose 1.8 percent to $78.82 a barrel.

For Norwegian oil companies, SpareBank 1 analyst Theodor Sven Nielsen has come up with an update in which he has lowered price targets in both Equinor and Aker BP.

movements

Among the stocks that rose well on Thursday was the entertainment giant Disney which ended the day 1.27 percent higher at $177.71 per share. This comes after former fund manager Jim Kramer praised the stock.

Frederiksen controlled dry bulk shipping company golden ocean group , listed on both the Oslo Stock Exchange and Nasdaq, upstream on Thursday. The stock closed 3.53 percent lower at $10.66. This follows a slight rise in the Baltic Dry Index on Thursday.

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cars Company General motors It rose strongly on Thursday by 4.65 percent to 56.44 dollars. The rise comes after the company announced that it aims to double sales, as well as be the largest manufacturer of electric vehicles in the world by 2030.

Cryptovaluta

In the cryptocurrency market, the recent rally took a short respite.

Bitcoin, the world’s largest cryptocurrency, is down 2.01 percent at the time of writing, and one coin now costs $54,210.1 — the drop follows a nearly 30 percent increase in the past week.

Among other major cryptocurrencies, Ethereum and XRP are up 1.38 and 0.07 percent, respectively.