Wall Street has chained this Thursday its third consecutive day of increases after the approval of the historic aid package to face the coronavirus in the US and despite a record increase in the number of requests for unemployment benefits in the country.

Its main indices have ended the session with a positive sign. The Dow Jones has signed an advance of 6.38%, up to 22,523 points and in the last three days it has appreciated more than 20% from lows, which has allowed it to return to the bull market area . The Nasdaq, for its part, has risen 5.60%, to 7,797, and the S&P 500, 6.24%, to 2,630

Investors have regained some of the confidence lost in recent weeks following the latest support and economic stimulus measures announced by the US government and Federal Reserve. The Trump Administration and the Senate finalize a stimulus package that will be the largest since the Great Depression. Added to this are the two rate cuts that the Fed has carried out in less than a month and the liquidity injections that it has announced in the same period.

In addition, this Thursday the leaders of the G-20 countries have pledged to "do everything necessary" and to use all means at their disposal to minimize the social and economic impact of the pandemic. Thus, they have decided to inject into the economy "more than five trillion dollars (4.5 trillion euros)" through fiscal measures and economic guarantees to boost growth.

For now, that commitment seems to outweigh the bad employment data known this Thursday in the country. According to figures from the US Department of Labor, weekly claims for unemployment benefits last week registered the largest increase in the entire historical series, with an increase of more than three million applications compared to the figure recorded in the seven previous days, reaching a record of 3.28 million aid claimants.

Climbs in Europe too

The data, which were known when Europe was facing the afternoon session, did not affect the markets in the Old Continent, which have also closed positively. London ended with a 1.46% rise, Paris 2.51%, Frankfurt 1.28% and Milan 0.73%.

In Spain, the Ibex 35 managed to turn around and finish with a rise of 1.31% that allowed it to remain above 7,000 points (7,033). It is also the third consecutive day that the Spanish index closed positively and in this case the increases have been led by (+ 14.46%), Colonial (+ 8.34%) and Grifols (+ 6.08%), which late Wednesday announced an agreement with the US FDA to work on developing a new treatment for Covid-19.

On the opposite side, Telefónica (-3.9%), Acerinox (-2.09%), CIE Automotive (-1.82%), Amadeus (-1.4%) and Mapfre (-1.21) have been placed %).

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