Wall Street advances after US GDP data

The three main stock indices of the US market advance this Thursday. Wall Street go up and he Dow Jones tops earnings boosted by positive data from the Gross domestic product (GDP) of the United States, which advanced more than expected.

The index Dow Jonesmade up of the shares of 30 industrial giants, rose 1.19% to 32,219.28 units, while the S&P 500 of 500 components rises 0.12% to a level of 3,835.22 points. the technological Nasdaq gains 0.12% at 10,897.54 units.

The Gross domestic product US (GDP) grew 2.6% quarterly in the third quarter, according to its first estimate for the period. The market had forecast a 2.4 percent advance. Cyclical stocks rise led by Caterpillar, with 8.2 percent

“The GDP indicator is a good sign that despite the fact that the Fed is not letting go of the brakes on the economy, the risk of a formal recession is not as close as believed. This indicates that there is room for further increases rates,” eToro explained.

All major S&P index sectors trade in the green. Inside the Dow Jones, most of the components are painted green and the shares of Caterpillar are accompanied by the papers of the aerospace company Boeing, which gains 6.03 percent.

jose.rivera@eleconomista.mx