The Dow Jones spoiled the positive atmosphere on Wall Street
Wall Street closed with mixed signs, with the Dow Jones not being able to follow the positive climate of the other two indices, which was supported by the positive business developments that existed, while the caution due to the increase of Covid 19 cases remains in the markets.
In particular, the Dow Jones industrial average fell 0.17% to 35,870 points, the S&P 500 rose 0.34% to 4,704 points and the Nasdaq Composite rose 0.45% to 15,993 points.
Although on the penultimate day of the week the index fluctuations were limited, both the S&P 500 and the Nasdaq are heading for a positive five-day period, in contrast to the Dow Jones. Concerns about the course of the pandemic have also returned, following the latest measures taken by several European countries.
In terms of securities, Nvidia strengthened by 8.5%, as it has surpassed analysts' estimates with the quarterly results it announced. Indicative of the positive data is that it recorded a 55% increase in data center sales and a 42% increase in gaming sales.
This image also attracted the rest of the chip industry. Advanced Micro Devices gained 2%, while Qualcomm and Micron Technology closed positively.
On the other hand, Cisco Systems lost 8% due to the weaker guidance it announced, with Kraft Heinz losing more than 3% as it also announced a secondary offering of common shares for its capital increase.
At the macro level of the day, applications for new unemployment benefits in the US moved slightly above expectations, although overall the picture refers to a continuous and slow recovery of the labor market from the crisis caused by the pandemic. According to the Ministry of Labor, the new applications stood at 268,000, down slightly by 1,000 compared to last week, but rising compared to the expected levels, as analysts expected to reach 260,000.
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