NEW YORK, may 20. /TASS/. Key index new York stock exchange at the close of the trading session on Wednesday showed steady growth at 1.5−2.0%. Commenting on the results of the day, the newspaper the Wall Street Journal noted that “stock prices rise on optimism of market participants about the prospects of recovery in the global economy.”
As of the information on the site of a trading platform, before closing Dow Jones industrial average rose 361,24 points (1.49 percent), to mark 24 568,1. The S&P 500 which includes the 500 largest companies in the U.S. market, rose to 47.7 (1,63%) and was at around 2 970,64. The index e of the Nasdaq rose by 188 points (2,05%), up to 9 373,10.
the Cost of July futures for WTI by the end of the session, rose by 0.15% and reached the level $of 33.59 per barrel.
“how successful is the recovery of economic activity can be judged not only on the dynamics of the stocks of large companies, but also on the level of capitalization of small companies,” led The Wall Street Journal the opinion of the head of the investment Department of Bank of America Private Bank Chris Haiti.
At the same time, as noted in an interview with CNN television Professor of Economics at Columbia University Jeffrey Sachs, on the situation in the markets serious impact of the situation on the labour market. “A very large number of orphaned during a pandemic, workplaces in the near future will arise again, and this factor will make a big impact on the economic situation”, — he noted.
