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Wall Street ends up, driven by banks ©
AFP / File
/ Bryan R. Smith
Wall Street ended strongly up on Monday, led by financial stocks in the wake of a robust employment report on Friday and just days away from the start of a quarterly earnings season. announcing promising.
According to the final results at closing, its flagship index, the Dow Jones Industrial Average, rose 1.31% to 24,776.59 points.
The Nasdaq, with a strong technological component, advanced 0.88% to 7.756.20 points
The expanded S & P 500 index also rose 0.88% to $ 2,784.17.
Brokers continued to benefit from a report on employment report released Friday showing robust growth in job creation and modest wage inflation.
In this light, they could optimistically look towards a promising corporate earnings season. [19659003] This one must informally Friday with the quarterly accounts of banks Citigroup (+ 2.68%), JPMorgan Chase (+ 3.9%) and Wells Fargo (+ 1.57%).
Thanks to these increases, the sub-sector banks in the S & P 500 was the most prominent among the 11 subindices that make up the broad index, with + 2.32%.
This rise also suggests "a hunt for bargains", of after Patrick O'Hare of Briefing, the sector still evolving far from its record levels reached at the end of January.
Regarding the results of companies, "the quarterly profits of the companies have in general exceeded by 3% the expectations of the badysts in the last five years. If this is again the case in the second quarter, they will reach 23%, an exceptional level, very close to the previous quarter, "commented Karl Haeling of LBBW.
CFRA's Sam Stovall recalled that of energy, materials, banks and technologies should post the biggest profits.
"Eight of the eleven sectors that make up the S & P 500 should, according to expectations, show double-digit growth", he added.
Also on the market radar this week, the release of two indicators on US inflation on Wednesday and Thursday.
The bond market tended a bit: the yield on US debt to 10 years rose to 2.860% against 2.822% Friday at the close and the 30 year old advanced to 2.964% against 2.929% at the previous closing.
webSet
09/07/2018 22:33:20 –
New York (AFP) –
© 2018 AFP
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