Friday , August 19 2022

Eagerly held in New York


The New York Stock Exchange finished Wednesday with the top fan. The S & P 500 rose 2.1 percent, the largest daily increase after an interim election since the 1980s. The technicians drove on.

The result of the US middle-aged elections, where Democrats won the majority in the House of Representatives but the Republicans retained the Senate. The S & P 500 finished 2.1 percent, which is the best daily increase after an interim election since 1982.

Dow Jones rose 2.1 percent while the Nasdaq 100 went stronger, up 3.1 percent.

The FAANG companies ran on after a shaky start of the week. E-commerce giant Amazon increased unbroken strength and ended up just under 6.9 percent with the streaming giant Netflix hacked in heel with an increase of 5.4 percent.

The pharmaceutical company Davita, where Warren Buffets Berkshire Hathaway is a major owner with a 23 percent post, had particular reason to celebrate voters in the state of California voted down a proposal that would limit how much businesses can earn on dialysis patients.

Davita, who spent $ 66.6 million on campaign against the proposal, climbed 10.1 percent.

Even the insurance companies Cenete and Wellcare Health Plans belonged to the electorate after the initiative to extend the health insurance system in several states won a mark in Tuesday's elections. The shares rose 9.2 and 7.4 percent, respectively.

Two retail companies like recently submitted weaker reports than hoped for by investors in the bottom layer of the S & P 500. The clothing brand Michael Kors finished down 14.6 percent while the makeup company Coty raged 22.6 percent.

Instead, the energy company Cimarex offered the strongest rise after a quarterly report, which showed that oil production increased 13 percent year-on-year during the quarter, while the company repeated the previous investment forecast. The stock climbed 12 percent.

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