Wall Street slightly higher after the rebound on the eve of the day. At 16.40 Italian time, the Dow Jones advanced by 0.38% to 35,627 points; the Nasdaq rises 0.50% to 15,419 points, the S&P 500 is + 0.49% to 4,672.
Focus on the data from the macro front, which proved to be better than expected.
The gross domestic product of the United States for the third quarter of the year was disclosed, which grew by 2.3%, better than the + 2.1% expected by the consensus of analysts. The one published today was the second and last revision of the US GDP figure. The component of personal consumption, in particular, was revised upwards, with a growth of 2%, compared to the + 1.7% that emerged from the first revision of the data.
Also released the data that took stock of the situation on the real estate market and on the confidence of consumers in the States.
US existing home sales rose 1.9% monthly in November, up for the third straight month to 6.46 million units.
However, the figure was worse than expected, as analysts had forecast sales of 6.52 million units.
In addition, on an annual basis, compared to November 2020, sales fell by 2%.
The scarcity of supply continued to drive prices up. The median price for existing home sales rose to $ 353,900 in November, up 13.9% year-on-year.
However, the rate of price growth slowed down, compared to + 20% yoy at the beginning of the year.
The rise in sales also affected more expensive homes in particular, with home sales valued at between $ 750,000 and $ 1 million increasing 37% year-on-year, and those with prices above $ 1 million jumping 50%.
Sales of homes priced between $ 100,000 and $ 250,000 fell by 19% instead.
The index measuring US consumer confidence compiled by the Conference Board also jumped to 115.8 points, compared to the 111.1 points expected by the consensus. The figure, which rose from the previous 109.5 points in October, tested the record value since July.
According to what reported by Bespoke Investment Group December, usually the calmest month for Wall Street, is confirming so far the most volatile month of 2021, among all those taken into consideration by looking at the daily trend, on average, of the S&P 500, to starting in 1953.
Watch out for the Cboe Volatility Index fear index which, at the beginning of the month, jumped over 35 points, remaining above the threshold of 20 points.
For 2022, many analysts predict a slowdown in the S&P 500 index, which gained nearly 24% this year.
Among the securities, Tesla asset, after the founder and CEO Elon Musk announced that he had reached the set goal of selling 10% of his shares to meet his tax obligations and thus pay the due taxes.
It should be noted that yesterday the President of the United States Joe Biden announced a massive anti-Covid plan, announcing that the White House will deploy 1,000 military doctors in hospitals, to give support to structures that are in conditions of greater difficulty in managing the Covid emergency.
The staff will be deployed in January and February.
The Biden administration has also announced the purchase of 500 million DIY Covid tests, which Americans will be able to order and receive for free through a site that will be operational starting in January.
In general, the Wall Street recovery from yesterday’s session, which saw the Dow Jones jump more than 500 points, follows three consecutive sessions of losses, caused by the fear of the spread of the Omicron variant which, in the United States, affected last week on 73% of new infections, according to US federal authorities.