` – Wall Street partially recovers the losses of the day and closes mixed, with the Dow Jones and the S&P setting new records for the fifth consecutive session–
The DJ gained 0.31% to 35,624.35 points, the Nasdaq lost 0.20% to 14,793.76 points while the S&P 500 rose 0.26% to 4,479.66 points.
The indices in the final shake off the bad economic data from China but still weigh the increase in infections and the Afghan crisis–
A rebound in the US economy, including a stellar second.quarter corporate earnings season, coupled with accommodative monetary policy, supports positive equity sentiment.
The S&P 500 earns 100% from its March 2020 low. Among the stocks to report, Tesla’s shares which yields almost 4.31%, after the launch of an investigation into its autonomous driving system.
Well instead Apple (+1,35%) e Microsoft (+0,60%).
In China retail sales, industrial production and investment in real estate were all weaker than expected in July due to the restrictions linked to the latest wave of Covid and the Delta variant which weighed on the world’s second largest economy.
And a resurgence of cases of the virus and the impact on the economy are keeping markets on a tightrope.
Investors also look to the Fed minutes released on Wednesday which will be fundamental for the short.term prospects of the stock markets, especially if the institute confirms the propensity to reduce the massive bond purchase program by the end of the year.
Finally, the news from Afghanistan, where thousands of fleeing civilians flocked to theKabul airport after the Taliban took the capital.