[ad_1]
Trader works on the New York Stock Exchange, United States, July 13, 2018 Photo: Reuters |
to Highest levels Friday, with major indices continuing their rally, and the blue chip index Dow crossed the border by 25,000 points for the first time in almost a month [19659004DowJonesIndustrialAverage] increased 0.4%. The S & P 500 added 0.1% and the technological benchmark Nasdaq added less than 0.1%, but that was enough for the highest record
three indexes recorded the sixth increase for the last seven sessions. For the week, S & P added 1.5%, Nasdaq 1.8%, and Dow advanced 2.3% in its strongest weekly growth in early June. The three indices record a second consecutive weekly growth. Among the most actively traded stocks were the financials, which depreciated after the financial performance of the trio of the largest banks in the country.
The three indexes recorded the sixth growth for the last seven sessions. For the week, S & P added 1.5%, Nasdaq 1.8%, and Dow advanced 2.3% in its strongest weekly growth in early June. The three indices record a second consecutive weekly growth. Among the most actively traded stocks were the financials, which devalued after the presentation of the financial results of a trio of the country's largest banks
"2800 points is a significant level, both from a psychological point of view and from a technical point of view for the market," said Jeff Kilburg, CEO of KKM Financial, at CNBC, "I think "The mixed but modest response this morning to the profit reports of the three largest US banks seems to herald a diversified season of economic growth."
reports, "says Jeremy Klein, chief strategist at FBN Securities. "But if companies manage to maintain their extremely high earnings forecasts for the coming quarters, the markets will benefit from a strong wind behind them," he added.
JP Morgan Chase Announced Better than expected profits and sales after its trading revenues grew by 13% in the second quarter on an annual basis.At the same time, Citigroup reported better profits. than expected but lower revenues than the quarterly forecasts. Wells Fargo, however, has not been successful in meeting his income and earnings expectations as the great accounting scandal continues to affect society. The bank reported that $ 481 million in taxes also put pressure on the pressure.
JPMorgan Chase and Co. depreciated by 0.5%, although the bank outperformed badysts' expectations with its results, while Citigroup Inc. decreased by 2.3% and those of Wells Fargo & Co. lost 1.2%
Cisco Systems Inc. sank 4.1% after material Amazon.com Inc. plans to sell its own network switches with integrated links to cloud services from Amazon Web Services. The mobile operator AT & T Inc. . lost 1.8% of its market value after 19459014, the Justice Department filed a lawsuit against a decision allowing telecoms to acquire Time Warner Inc.
Up to now, a just over 5% of companies included in the index S & P 500, announced their results for the second quarter. They achieved earnings growth of 16.37%. But badysts surveyed by FactSet expect a 20% growth in profits for the second quarter.
Earlier in the day, the Federal Reserve stressed the "solid" economic growth of the United States in the first half its semi-annual report to Congress which also confirmed that it would continue to raise its interest rate gradually. This is the second report of the Fed to the deputies since President Jerome Powell took the lead of the central bank in early February. He must answer him before the deputies on Tuesday and Wednesday. The details of the 63-page report were in line with Fed's current forecast detailed bankers' meetings that a strong economic growth and low unemployment require interest rates to rise, but the The absence of serious inflationary pressures means that this could become gradual. US indexes reported a slight decline after the release of the report.
US consumer confidence in the country's economic development fell in July to its lowest level in six months – mainly because of concerns over new tariffs for imports of goods into the United States. This is clear from the preliminary results of a Thomson-Reuters agency and the University of Michigan. The US consumer confidence index dropped to 97.1 points in July from 98.2 points in June, with a median forecast in the financial markets for a very modest decline to 98.0 points, the lowest level in the world. from the index of January
[ad_2]
Source link
