Treasury Bond Issuance Impacts Dollar Decline and US Stock Market Hits New Highs – Market Update

2024-01-19 21:46:16

After the announcement of Treasury After the issuance of a new bond in international markets for US$1.7 billion, the dollar showed declines this Friday.

In this way, the greenback came to touch lows of $907 following noon, to close at $911having a final variation of -$6.60 compared to the previous day, according to data from the Chilean Electronic Stock Exchange.

As indicated by Capitaria’s deputy manager of trading studies, Ricado Bustamante, “the price of the dollar shows a decline in the current session, seeing pressured by local factors and a new increase in the price of copper futureswhich breaks a short-term bearish trend on the technical side and rebounds from the two-month lows recorded yesterday.”

In turn, the Dollar Index (DXY) It showed setbacks on Friday, falling from its highs but with more limited movements.

Finally, Bustamante highlighted the placement of the new bond in Treasury dollars at a rate of 4.85%, which have the “social category”thus seeking the income of resources to finance, pardon the redundancy, social programs.

The announcement is part of the emissions plan for 2024 announced a couple of weeks ago, which contemplates the placement of bonds for US$16,500 million equivalentwhich also impacted the value of the North American currency.

US stock market hits new highs

In New York, Wall Street closed with profits in its main stock market indicators, especially following a considerable boost from the companies in the technology sector.

In the case of S&P 500at the end of operations it rose a 1,23% up to 4,839.8 points, exceeding by more than 21 points the historical maximum reached in January 2022, as detailed EFE Agency.

In the case of the industrial index Dow Joneswent up a 1,05% to 37,864 points while the technological Nasdaq crowned the list with a preview of 1,70% up to 15,311 points, reaching its highest level since the beginning of 2022.

The sector of technological had a 2.35% increase, highlighting companies linked to chips such as Qualcomm (4.6%), Broadcom (3.7%), Texas Instruments (2.8%) or Nvidia (1.9%). Intel (3%), IBM (2.8%) and Salesforce (2.4%) also had gains.

Regarding the local market, the IPSA failed to rebound and at closing stood at 5,844.56 (-0.39%).

1705753000
#Dollar #closes #Wall #Street #hits #highs #driven #technology

Leave a Replay