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by Stephen Culp
NEW YORK (Reuters) – The New York Stock Exchange ended up on Wednesday, thanks in particular to strong financial results, Morgan Stanley in the lead, and industrial, which allowed the S & P-500 to reach its highest level in five months
The Dow Jones index gained 79.40 points, or 0.32%, at 25,199.29.
The broader Standard & Poor's 500 gained 6.07 points, or 0.22%, at 2,815.62.
The Nasdaq Composite, with a strong technological component, finished stable, yielding 0.67 points, or 0.01% to 7.854.44.
Morgan Stanley, the last major US bank to publish its quarterly results, took 2 , 81%. The market welcomed a better-than-expected profit, up 43%.
Berkshire Hathaway Clbad B shares jumped 5.27% after its board eased its position on buybacks actions.
The financials sub-sector, also supported by JPMorgan (+ 0.93%) and Bank of America (+ 0.40%), gained 1.53%, the largest sectoral increase in the S & P-500. [19659009] UNITED AIRLINES SALUÉE
United Airlines has jumped 8.79%, after raising its annual profit forecast, against its competitors, taking into account an increase in the average price of its tickets and the number of pbadengers transported ..
CVX took 7,08%. The number three rail transport in the United States has published a profit higher than the expectations of Wall Street, the result of its efforts to lower costs and improve efficiency.
With their contribution, and those of Caterpillar (+1.56 %) and Boeing (+ 0.94%), the industrial compartment, gained 1.13%.
As the earnings season progresses, badysts' optimism increases. Corporate profits of the S & P-500 are now expected up 21.4% in the second quarter, against + 20.7% on July 1.
Of the 48 companies in the index that have published so far, 87.5% have reported results above consensus.
"Profits keep the market," said Wayne Kaufman, badyst at Phoenix Financial Services . "Nobody will sell his shares before seeing what happens with the profits."
AMAZON'S STOCK CAPITALIZATION REACHES $ 900 MDS
Amazon.com, which has opened up, allowing the trading giant to line to cross the threshold of 900 billion dollars (773.5 billion euros) of market capitalization, then turned down to finish down 0.06%. The retail giant has become the second market capitalization behind Apple.
Alphabet, which was in the red after the record fine of 4.34 billion euros (3.71 billion euros) imposed by the Commission Google to "illegal practices" vis-à-vis the manufacturers of Android smartphones and operators of mobile networks, has recovered to end almost in balance (-0.01%).
In their wake , the technology fund lost 0.11%.
DOLLAR MONTE
On the foreign exchange market, the dollar has benefited from the statements of Jerome Powell, who was speaking on Wednesday in the US House of Representatives, after his hearing the day before the Senate. The president of the Federal Reserve has reiterated that US and global economic expansion remains on track for the time being, but that the rise of protectionism could threaten it in the long run.
The greenback, which has touched a more six-month high against the yen, at a price of 0.17% against a basket of reference currencies.
On the bond front, the yield of the two-year government bond, which reached Tuesday at a almost a decade earlier, at 2.624%, lost ground. ten-year paper stands at 2.871%.
Markets have reacted little to the publication of the Fed's Beige Book, which echoed US industry concerns about the impact
On the oil front, prices have been trending up, against a backdrop of unexpected growth in US crude inventories and a sharper than expected drop in gasoline reserves.
Production US crude oil reached last week's cap of 11 million barrels per day (bpd) for the first time as a result of the shale oil boom, according to the Department of Energy.
On the precious metals front, gold hit a one-year low on Wednesday at $ 1,223.50 an ounce
(With Amy Caren Daniel in Bangalore, Catherine Mallebay-Vacator for service french)
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