Wall Street continues its rebound and the Dow Jones gains 0.83%

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Wall Street continues its rebound and the Dow Jones gains 0.83%

New York, Jul 21 (EFE) .- Wall Street continued its rebound on Wednesday after the heavy losses on Monday and the Dow Jones Industrials, its main indicator, closed with a rise of 0.83%.

At the end of the operations on the New York Stock Exchange, the Dow Jones advanced 286.01 points to 34,798.00, while the selective S&P 500 rose 0.82% or 35.63 units, to 4,358.69.

The Nasdaq market composite index, meanwhile, gained 0.92% or 133.08 integers and ended at 14,631.95.

The main Wall Street indices had already finished Tuesday with clear rises and the Dow Jones had recovered 1.62%, offsetting a significant part of the losses of the previous day, when it had suffered its worst session in 8 months due to fears of the market. advance of the delta variant of covid-19.

With today’s rise, the main New York indicator is once again near the all-time high it had reached last week.

A good number of analysts consider that the robust recovery of the US economy, which in recent months has fueled strong growth in the stock market, will not stop even if COVID-19 infections accelerate in the country due to the variants.

Today, energy companies pulled the market and gained more than 3% helped by the rebound in the price of oil, which had also plummeted on Monday and has recovered quickly.

The price of intermediate crude oil from Texas (WTI), the reference in the US, closed the day with a rise of 4.59%, returning to above 70 dollars a barrel.

The oil company Chevron (3.40%) led the gains among the 30 Dow Jones stocks, followed by Boeing (2.54%) and Goldman Sachs (2.39%).

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