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The Nasdaq and the S&P 500 hit record levels in the opening session, and the futures are on the rise
image 31 August، 2021
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The major indices of US stocks recorded a mixed performance at the close of the trading session on Monday, August 30th, the opening session of the week, as the Nasdaq and S&P 500 indexes closed at new records, while the Dow Jones Industrial Average recorded a decline at the close, affected by the declines in American Express shares. And Boeing amid the absence of economic data affecting market movements, amid anticipation in the markets for the data of the US labor market, which will be issued at the end of this week.

The statements of US Federal Reserve Chairman Jerome Powell on the sidelines of the Jackson Hole forum at the end of last week, in which he ignored any date to start the process of reducing asset purchases amounting to 120 billion dollars per month from the US Federal Reserve, supported the rises of US stocks in the previous sessions.

The markets are ignoring the rise in global cases of coronavirus with its new strain, Delta, especially in the United States of America, which was removed from the list of safe travel in the European Union, which means that American visitors are likely to face stricter controls than Corona tests and quarantine, especially after the average daily cases rose in The United States of America increased to more than 450 cases per million people, compared to less than 40 cases in mid-June.

In terms of stock movement, Zoom, the owner of the remote meeting application, announced its financial results for the second quarter of this year, with a net profit of $316.9 million and revenues of about $1.02 billion, an increase of 54% compared to the same period last year, to reach $1.36 per share. 1.96% at closing at $347.50.

The Dow Jones index declined, affected by the decline in Boeing Aviation share by about 1.84% at the close at levels of $217, and the share of the global financial services company American Express declined by about 2.60% at closing at levels of $164.

On the other hand, the rise in technology stocks supported the rise of the Nasdaq and S&P 500 index to record levels, as Microsoft’s stock closed with gains of about 1.29% at levels of $ 303, while Apple’s stock rose by about 3% at closing at levels of $ 153.12 and Google’s stock with gains of 0.41% At the close at levels of $ 2.819, while the Amazon company’s share rose by about 2.15% at closing at levels of $ 3.421.

The Dow Jones Industrial Average closed down by 55 points at the close at 35.399 levels, a loss of about 0.16%, and is now trading in the futures for today’s session at 35.441, up by about 89 points.

While the S&P 500 index recorded highs at the close at 4.528 levels, up by 19 points or 0.43%, and it is now trading in futures at 4.538 levels, up by about 13 points.

While the Nasdaq index recorded gains by (136 points), to close the session at 15.265 points, recording gains of about 0.90%, and it is now trading at 15.666 levels, an increase of about 68 points.

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