A promising start for Wall Street
The trading day on Wall Street opened with an atmosphere of optimism, driven by a series of robust quarterly results that reassured investors. The Dow Jones Index registered an increase of 116.79 points, corresponding to +0.27%, while the S&P 500 gained 30.04 points, marking +0.50%. The Nasdaq also showed a positive performance, rising by 154.98 points, equal to +0.78%.
These data highlight renewed interest in the stock market, despite global economic uncertainties
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The favorable economic environment
The positive climate in the stock markets is further supported by a continuous decline in Treasury bond yields, which has helped to make equity investments more attractive. Investors seem confident that companies’ results can continue to exceed expectations, thus fueling the growth of the main indices. However, despite optimism, the price of WTI oil at Nymex declined slightly, losing 0.12% and reaching 75.74 dollars per barrel, a sign that could indicate some caution in the energy sector
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Mortgage requests on the rise
In the United States, another sign of economic recovery is the increase in mortgage applications, which have seen a slight increase, supported by a reduction in interest rates. According to the Mortgage Bankers Association, in the week ending January 17, overall claims grew by 0.1%, with 30-year fixed mortgage rates falling to 7.02%. This drop in rates could further encourage the purchase of homes, helping to stimulate the economy
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