The US stock indices ended the session higher, after having closed the month of September with a negative balance, encouraged by the news of a new drug to combat the COVID-19 pandemic.
The operations of the Dow Jones Industrial Average rose 1.43 percent, to 34,326 points; S&P 500 advanced 1.08 percent, at 4,354.25 units, and the Nasdaq Composite gained 0.82 percent, at 14,566.7 units. “Investors have expressed concern about high levels of inflation, the possibility of withdrawing monetary stimuli earlier than expected and an economic slowdown. Likewise, concerns about the Chinese real estate market also generated concern in the market during September ”, said analysts from Ve por Más.
The experts highlighted that in a positive sense, “Merck (MSD) announced that the antiviral treatment against COVID-19 that it develops in conjunction with Ridgeback Biotherapeutics reduces the risk of hospitalization or death by about 50 percent, so they will seek authorization for emergency use. ”The shares of the pharmaceutical company, MSD, registered an increase of 8.37 percent, at the close of the market. On budget issues, US legislators approved an initiative that prevents the partial closure of government activities; However, the negotiation on the increase of the debt ceiling is pending, which would help to avoid a possible default In the case of the Mexican stock exchanges, the Price and Quotation Index (IPC) fell 0.63 percent, to 51 thousand 60 points. Meanwhile, the FTSE BIVA fell 0.64 percent, to one thousand 54.32 units.
In Mexico, the Business Confidence Indicator (ICE) for September was published, which showed an improvement in the commerce, construction and services sectors. For its part, the manufacturing ICE fell 0.08 points per month and stood at 51.20 points. The construction ICE grew 1.79 points, reaching 49.59 points and the commerce ICE advanced 1.13 points to 54.98 points.
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