The New York Stock Exchange closed on Friday in Green and its main index, the Dow Jones de Industriales, rose 1.4%, to 41,317 points, after the publication of the US unemployment data in April, better than expected For analysts.
The selective S&P 500 won 1.5%in his Ninth consecutive earningswhile the technological Nasdaq also advanced 1.5 percent.
Among the shares and ADR of Argentine companies negotiated in dollars on Wall Street predominated the increases, a promising trend, since the Argentine assets were decoupling the improvement of the exterior bags during the last week. Ternium (+3.4%) led the rise, escorted by tenaris (+3%).
He Unemployment in the United States April remained at 4.2 %the same level as in March, with a stable creation of 177,000 new positions, according to the Bureau of Labor Statistics (BLS).
The employment gain is slightly above the average of the last twelve months and was mainly due to hiring in the health sector, financial services, social assistance, transport and stores.
The data known before the opening of the business wheel allow the US Federal Reserve (Fed) -What meets next week to decide on reference rates- maintain caution in the need to continue with the decreases in interest rates, since both prices, as well as the labor market is maintained within the forecasts.
The S&P 500 registered its longest upward streak since November 2004 and was above the level of a month ago, when Trump announced the imposition of tariffs
On the corporate level, after the publication of its first quarter results at the close of the previous day, the Apple shares fell 3.7%by not complying with the forecasts of analysts, and those of Amazon subtracted 0.1%despite the general profits among the 30 quoted of Dow Jones. The most prominent profits on this list were for Nvidia (+2,6%), Microsoft (+2,4%) y Caterpillar (+3,1%).
For its part, the oil Del Texas dropped 1.2%, to the $ 58.55 The barrel and hit Low for Energy Vista (-1.4%) and YPF (-0.7%).
“For their part, the Argentine bonds appeared practically stable in their dollar contributions between the main references in New York, beyond that broad space is still visible for a country risk contraction within the emerging curve, which would result in an important upside medium -term potential, especially those longer titles, “said the economist Gustavo Ber.
The New York S&P 500 registered its longest bullish streak since November 2004, thanks to the solid employment report and the possible distension in commercial disputes between the United States and China that promoted the mood on Wall Street. He S&P 500 exceeds its closing level of April 2, When President Donald Trump announced a controversial tariff plan in what he called the “Liberation Day”.
China He reported that he is evaluating proposals from US officials to initiate negotiations on tariffs, a possible descale in the commercial war that has generated hopes that formal commercial conversations can begin soon. “If we fight, we will fight until the end; If we talk, the door is open”, Said the Ministry of Commerce of China on Friday.“ The United States unilaterally initiated the tariff war and the commercial war. If the United States wishes to dialogue, you must show your sincerity and be willing to correct your wrong practices and to cancel unilateral tariffs. ”
According to reports cited by Yahoo FinanceChina has compiled a list of American products exempt from its 125%tariffs, with the aim of relieving commercial tensions without making public concessions. The list is expanding, with recent exemptions to the American ethane, some semiconductor products and certain pharmaceutical products, which offer relief in secret, while maintaining a firm posture in public.
President Donald Trump defended the 145% tariffs On Chinese imports, claiming that China “deserves it” and probably would absorb costs. However, these comments contrast with the internal efforts of the administration to consider gradual tariff reductions and reactivate trade negotiations.
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