The shares of technology enterprises support Wall Street indicators before the holidays

The high prices of shares of some of the largest technology companies in the world have led to the recovery of Wall Street indicators, after a brief decline due to data from consumer confidence that has become weaker than expected. In a minor trade session at the beginning of a short week due to holidays, the S&B 500 completed trading near the highest levels of the session. The shares of “Invidia”, “Meta” and “Tesla” pushed the ‘Seven Greats’ index (Meta, Tesla, Apple, Amazon, Invidia, Microsoft, Alphabet) to the increase by 1.5%. “The upward trends remain good for stocks despite the last profit,” said Craig Johnson of Piper Sandler. For Michael Wilson of “Morgan Stanley”, the negative offer is, that is, when the number of low stocks is more than the highest, perhaps not much important for stock indicators with high quality with a strong pricing momentum. Consumer confidence decreased earlier in Monday, and the shares temporarily lost their momentum, after the data showed that the consumer’s confidence had unexpectedly decreased for the first time in three months, due to concerns about the prospects of the economy. “Economic expectations are deteriorating” and add: “This hypothesis was correct before the Federal Reserve Conference in December, and it is still correct now,” notes that “the risk of federal fluctuation is very high.” The S&B 500 index rose 0.7%, and the Nasdaq 100 index attached it to 1%, and the Dow Jones Industrial Index rose 0.2%. The shares of “Qualcomm” business increased after the court ruled in its favor in the case of the “Arim Holdings” business’s claim of a Chip technology license. The shares of the company “Ramble” also increased the most estimated, after the company “Tuhir” decided to buy an interest on the video division platform. The Nordstrom family works with a Mexican retail seller to convert the same name as a private business. Treasury bonds increased by six basis points to 4.59%for ten years. The Bloomberg index of the dollar increased by 0.3%. The S&B 500 index is currently 20% profits to record an excellent annual return and consecutive years of more than 20%. The index has increased by 25% since the end of 2023, as the seven largest technological stocks have contributed more than half of this progress. Jonathan Krensky of Btig said that the federal move should represent the end of the last decline last week and allow the strong rise. ” He added: “We believe that the deepest correction is possible in early 2025, although it will be new record levels.” Investor optimism, whether S&B500 can achieve a strong rise or not, is still an indication of the optimism of investors in the new year. This seven -day period includes the past five days of this year and the first two days of the new year. According to Sam Stofal of CFRA, the strong increase was preceded by the “S&B 500” index of medium annual profits at 10.4% since World War II, in addition to an increase of 74% of the time. However, the decrease in this seven -day period was an average annual increase by only 5.7% as it recorded only 32% of the time. However, Stove says the most accurate indicator is the ‘January scale’. Since 1945, the S&B 500 index has increased by 18.3% throughout the year, if the year started with a profit in January, and remained before 91% of the time. But if it decreases in the first month of the year, the average return over the year was 1.9%negative.