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Record closes for the S&P 500 and the Nasdaq for the second consecutive session
image 25 August، 2021
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US stocks recorded new highs and new records for the S&P 500 and Nasdaq when they closed the trading session on Tuesday, August 24th for the second consecutive session, supported by positive news about vaccines after the US Food and Drug Committee gave full approval for the Pfizer vaccine, which raises levels of Vaccination amid anticipation in the markets for the Jackson Hole symposium and the statements of the President of the US Federal Reserve at the end of this week.

The American Centers had announced that it had given 363,915.792 million doses of coronavirus vaccines until yesterday morning, Tuesday, so that about 202 million people in the United States of America had been vaccinated with one dose, while 171 million people had been fully vaccinated, and thus with the Pfizer vaccine being given full approval by the Commission.

The US Food and Drug Administration will increase the number of those wishing to be vaccinated. The markets are awaiting the speech of Federal Reserve Chairman Jerome Powell, which will be on Friday, August 27 at 10 am ET on the sidelines of the annual virtual Jackson Hole seminar this year, and the markets will be awaiting any hints regarding the timetable for the US Federal Reserve to begin to reduce its asset purchases, and at what time it will be The main driver of stock markets in the coming period.

In terms of stock movement, Meme shares reappeared during the session, as GameStop stock rose by about 27% at closing at levels of 210 dollars, while AMC’s stock rose by about 20% at closing at levels of 44 dollars. On the other hand, the rises of Chinese stocks listed in the US markets such as PDD, JD and BIDU, which rose by about 22%, 14% and 8%, respectively, contributed to supporting the Nasdaq index after reports of the US Securities and Exchange Commission’s request to request disclosures from Chinese companies.

The Dow Jones Industrial Average closed the session yesterday, Tuesday, up by about (30) points, at the close at 35.366 levels, with gains of about 0.09%%, and it is now trading in the futures for today’s session, Wednesday, at levels of 35.301, down by about 13 points.

While the S&P 500 index recorded highs at the close at 4.486 levels, an increase of about (6 points) or 0.15%, and it is now trading in futures at 4.483 levels, up by about 2 points.

While the Nasdaq index recorded gains by (77 points), to close the session at 15.019 points, recording gains of about 0.52%, and it is now trading at 15,364 levels, up by about 9 points.

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