PT Equityworld-US stocks closed sharply higher in late trading on Thursday morning (08/12), with the Dow Jones and S & P 500 reached new record highs, while investors await the announcement of the monetary policy of the European Central Bank.
The S & P 500 erase earlier losses to rise about 1.3 percent, the telecommunications sector jumped about 2.4 percent to lead gains.
The Dow Jones Industrial Average rose almost 300 points, with shares of Home Depot, IBM and Goldman Sachs contribute the most in profits.
The Nasdaq composite index rose 1.2 percent despite the iShares Nasdaq Biotechnology ETF (IBB) dropped around 3 percent.
President-elect Donald Trump shocked the world by defeating former Secretary of State Hillary Clinton in the US presidential election with optimism greater infrastructure spending and deregulation of certain sectors to encourage a sharp rise in stocks since 8 November
Investors are also looking forward to the crucial ECB meeting, where most central banks are expected to extend its quantitative easing program after March 2017, especially after the Sunday referendum in Italy make the country’s banks in a vulnerable spot.
No important US economic data Wednesday, one week before the Federal Reserve meeting in which the US central bank is expected to raise interest rates. According FedWatch tool CME Group, market expectations for a rate hike of 25 basis points is about 95 percent.
The US dollar has risen sharply over the past month on expectations of a higher level and fiscal stimulus. But on Wednesday, the US dollar fell 0.21 percent against a basket of currencies, with the euro around $ 1.076 and the yen near 113.8.
US Treasury yields fell across the board, with two-year yields trading around 1.10 percent and the benchmark 10-year yield near 2.35 percent.
In the oil markets, West Texas Intermediate for January delivery ended 2.3 percent lower at $ 49.77 a barrel as doubts over OPEC output cut agreement persisted, despite the withdrawal of 2.4 million barrels reported by the Energy Information Administration.
The Dow Jones Industrial Average rose 297.84 points, or 1.55 percent, to close at 19,549.62, the highest rise in the stock of Nike and Pfizer shares fell the most.
The S & P 500 rose 29.12 points, or 1.32 percent, to end at 2,241.35, with the telecommunications sector led the 10 sectors were higher, and the health care sector is the largest correction.
The Nasdaq composite index rose 60.76 points, or 1.14 percent, to 5,393.76.
Tonight will be released the data Jobless Claims last week that indicated declining. If realized can strengthen exchanges.
Tonight there will be a meeting of the European Central Bank for euro zone interest rate decision.
Analyst PT Equityworld Research Center estimates that the next movement will be a positive move if the data jobless claims declined. But the meeting will also look at the European Central Bank and the price of crude oil rose.