The Nasdaq Composite has closed over the year for the first time since February while the wider market continued to rally.
The technological index won 0.8% to end in the dark year for the first time since February. The S&P 500 increased by 0.6%. The industrial average of Dow Jones increased by 214 points, or 0.5%. The Dow has extended its victory sequence at four days.
It seemed that the track of the slightest resistance for the market was higher on Tuesday. The survey on job offers and labor turnover came better than the dead, and there were no major updates on the prices to derail the momentum between technological actions.
Mizuho’s analyst, Daniel O’Regan, writes that the n ° 1 question he received from customers today is: “Why the market?”
He underlines a handful of possible factors, in particular optimism on prices and commercial negotiations, positioning, the report on the profits of credo technology, share buybacks, bonds of bonds better than sales, the purchase of retail investors and optimism concerning the stimulation of the tax bill of the Trump administration.
“Despite the highest, the volume is down in all sectors, except consumption staples,” writes O’Regan.
The next big test for the market will probably be the report of Friday jobs, which could start to show signs of Trump administration policy movements such as prices, job cuts and immigration repression.
