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Wall Street, S&P 500 at a four-year high

The index was driven by confidence in Europe, which made the single currency and commodities gain points - Since June, the S&P 500 has recovered over 11% while the action of Apple, which has the greatest weight on the index, broke the all-time record in the world – Financial, energy and technology companies also did well, climbing more than 12%.

Wall Street, S&P 500 at a four-year high

A galloping start for the American Stock Exchanges. The S&P 500, the reference index of the US securities market which includes the 500 largest companies by capitalisation, gained 0,43% and, since the opening of Wall Street, it surpassed its four-year high at 1423,30. The excellent performance of theApple share that today marked the capitalization record never achieved by a feat in history.

Ma what gives confidence to investors is the strong optimism that reigns for the European situation. Confidence in the "extraordinary" moves that the ECB is expected to implement next month has pushed the euro to its maximum in two weeks against the dollar at $1.2428 and the seven-week yen at ¥98.67. Since the president of the Frankfurt central institute made his speech on August 2, the S&P 500 has gained almost 4%. 

even the rise in commodity prices reassured investors: the S&P GSCI of 24 commodities rose by 1,1% thanks to the record reached by soy and the increase in oil prices (Brent is at $115,41). 

 

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