Wednesday, December 8

How the most traded Cedears closed after the Fed’s announcement of the reduction of monetary stimulus

After four consecutive quarters of growth, Ternium announced that it expects a decrease in earnings this quarter while higher raw material costs reduce margins and shipments stabilize. The expectation will be a more balanced supply and demand environment next year.

As for the highest increases among the most traded stocks, Tesla (+ 1.7%), Banco Bradesco (+ 1.4%) and Alibaba (+ 0.8%) were found. In relation to the papers with the most market share, Mercado Libre rose 0.4%, Apple grew 0.3% and Coca Cola fell 0.2%.

The volume traded at Cedears during the day rose 1% to $ 4,272 million, which represented 66% of that traded in equities.

For its part, The Federal Reserve of the United States (Fed) confirmed this Wednesday that it will begin to reduce its monetary stimulus from the end of this month. In the framework of a new monetary policy meeting, the authorities of the North American central bank assured that they would cut their bond purchase program by US $ 15,000 million a month.

Following the announcement, on Wall Street, the S&P 500 and the Nasdaq posted record highs for the fifth consecutive session, while the Dow Jones Industrial Average did so for the fourth day in a row.

The Dow Jones Industrial Average rose 104.95 points, or 0.29%, to 36,157.58 units, while the S&P 500 gained 29.92 points, or 0.65%, to 4,660.57 units. The Nasdaq Composite added 161.98 points, or 1.04%, to 15,811.58 points.