Wall Street hits all-time high today

Wall street 300x240 Wall Street hits all time high today

Wall Street New York City

Because interest rates will not raise in the near future and the job rates where more positive then expected, the atmospherics at Wall Street was very optimistic and relieved this Thursday.

The Dow Jones index even broke the all-time record and reached 0,5% higher then the opening and got up to 17.242 points. The S&P 500 raised with 0,4% to 2.009 point and the Nasdaq grow 0.8% and showed 4.589 points.

Fed President Janet Yellen said on Wednesday that interest rates will remain low for a ‘considerable period’. The general expectation is that the interest rate will rise next year for the first time since the end of 2008. There’s a lot debate about when will be the best time to raise the interest rate. Although the run-up to this raise can lead to big changes on the indices’, everyone knows that interest rates will only rise if the economy stays in good shape.

One hour before trading begun there was an announced that the number of initial applications for unemployment last week fell by 36,000 to 280,000 pieces. Economists counted on 305,000 applications. The number of people who where unemployed already has also dropped to the lowest level in more than seven years.

Record

The stock trading in New York also received a Dutch touch. The Leiden biotech company ProQR (pronounced Procure) spent 7.5 million shares to the NASDAQ for $ 13 each. Initially, the company gave up 6.25 million shares to place for 11 to 13 dollars each. The great interest in the shares was good to see the price gains of 31 percent back.

After the closing the Chinese shop Alibaba announces they will be going to New York. Listed If the total yield is higher than 22.1 billion dollars, the current record is held since 2010 by Agricultural Bank of China, it will be the largest IPO ever.