Wall Street finishes up, focused on business results

Wall Street finishes up, focused on business results
©
AFP / File
/ Bryan R. Smith

Wall Street ended higher on Tuesday, as markets faded from trade war fears to focus on the quarterly earnings season of firm-looking companies.

According to the final results at the closing, its star index, the Dow Jones Industrial Average, gained 0.58% to 24,919.66 points.

The Nasdaq, with a strong technological component, took 0.04% to 7,759.20 points. [19659003] The broad S & P 500 index rose 0.35% to 2,793.84 points.

"Markets are focused on corporate earnings," commented Peter Cardillo of Spartan Capital.

Quarterly accounts will actually start on Friday with the numbers of several big names in the bank. But already on Tuesday, PepsiCo posted a turnover above expectations despite a decline in its profit.

The price has advanced strongly (+ 4.76%) after this announcement.

Of all companies that the S & P 500, "badysts' expectations are for a 20% rise in earnings, and we'll probably be beyond that," anticipated B. Riley FBR's Art Hogan, which would bring the Q2 results close to the historically high ones of the first.

In this context of fairly generalized optimism, where ten of the eleven sectoral sub-indices that make up the S & P 500 have risen on the session, "investors have put the fears of trade war aside Cardillo says:

Despite Friday's imposition of punitive tariffs between the United States and China, markets have acknowledged that "http://www.lepoint.fr/" nothing has happened since, "said Hogan. [196] 59003] The bond market tended very slightly: the yield on the 10-year US debt rose to 20:25 GMT to 2,866% against 2,856% Monday at the close and the 30-year yield was 2.967% against 2.964% at the previous closing.

Among the values ​​of the day, the aircraft manufacturer Boeing (+1.53% to 347.16 dollars) announced Tuesday to have recorded a 6% increase in commercial aircraft deliveries in the second quarter, mainly driven by its medium-haul B737.

Tesla took 1.24% to 322.47 dollars, the manufacturer of high-end electric vehicles having reached an agreement to build a gigantic factory in Shanghai capable of producing 500,000 cars a year. [19659003] The Nordstrom mbad-market group lost 2.67% to 52.09 dollars while he anticipated on Tuesday during a day investors a growth in sales of 3 to 4% per year by 2022 However, the clothing and footwear division will grow on average only 1% per year, the company said.

10/07/2018 22:47:13 –
New York (AFP) –
© 2018 AFP