On the New York stock exchange, has turned the mood After the Dow Jones on Christmas eve, closed with a loss of almost three percent, the Index rose on the second day of Christmas 4.98 percent on 22.878,45 points. The market breadth the S&P 500 rose by 4.96 per cent to 2467,70 points. The technology-heavy Nasdaq 100 rose to 6.16 percent to 6262,77 points. For all three market barometer, it is the biggest percentage daily gain since July 23. March 2009.

On the first day of Christmas the US had rested-stock markets, due to Christmas. For the re-opening of the stock exchange, the Dow had fallen first in one of great uncertainty, business, to just 21.713 points.

Due to rising retail and energy values of he, however, again – a report by the credit card provider MasterCard, the Christmas business was not as good as it has been for several years running. Accordingly, US customers bought about 850 billion dollars in the holiday business. Compared with 2017, the revenue of the retailer increased by 1. November to 24. December to 5.1 percent. This is the highest figure for six years.

The shipping retailer Amazon said it was a record sale. In the case of the single values, the shares of Amazon were up more than nine percent. The share certificates of the retailer Walmart increased in price by about five percent. Also the social network Facebook investors increased again: The share price rocketed by around eight per cent in the height.

Trump gives tips on how to invest

On Christmas day, recommended that US President Donald Trump investors to take advantage of the last of the fallen classes of the stock purchase. “I think it is a great opportunity,” had Trump told reporters at the White house. He had “great confidence” in U.S. companies, the President stressed. At the same time, he repeated his sharp criticism of the US Federal Reserve Bank (Fed). This was decided last week, the benchmark interest rate for the fourth Time this year to raise.

The economic adviser, Kevin Hassett, of the advises Trump, according to a replacement of Central Bank chief Jerome Powell, however, is not up for debate. This announcement also contributed to the recovery on Wall Street. Powell’s Job was to be a hundred percent sure, said Hassett.

Trump is worried that the Central Bank could stifle your interest rate increase in rate recovery of the US economy. He had criticized the Central Bank and the self-nominated Fed Chairman Powell, therefore, is always solid. (An analysis of the ratio of Trumps to the Fed you can read here.)

analysts had expected that the strong growth of the US economy will subside. Together with the ongoing trade dispute with the United States and China had led to weaker exchange rates. In the week before Christmas, the Dow Jones fell to its lowest level since April.

Two days later, the Fed revised its growth forecast slightly downwards. It expects in the coming year, now that the world’s largest economy to grow by 2.3 per cent. In the past, the expectation had amounted to 2.5 per cent. The current recovery should not continue, threatens the US stock markets, the worst December since 1931 – the times of the then world economic crisis.


Sam Yoon has many years of experiences in journalism. He has covered such areas as information technology, science, sports and politics. Yoon can be reached at 82-2-6956-6698.