Wall Street ends up, results-oriented

by Caroline Valetkevitch

NEW YORK (Reuters) – The New York Stock Exchange ended up on Monday, buoyed by financials and industrials, as investors' attention shifted to a new season of earnings, forsaking, at least temporarily, the commercial file.

The Dow Jones index gained 320.11 points, or 1.31%, at 24,776.59.

The broader Standard & Poor's 500 gained 24.35 points, or 0.88%, at 2,784.18 and the Nasdaq Composite gained 67.81 points, also 0.88%, at 7,756. 20.

With a gain of 2.32%, financials achieved the best sectoral performance of the S & P-500, ahead of industrials (+ 1.81%) and energy (+ 1.48%). They show their percentage increase for more than three months.

JPMorgan gained 3.09%, the Dow's second highest gain, Citigroup took 2.68% and Wells Fargo 1.57%. The three banks will kick off the second quarter earnings season on Friday.

A stronger economy and more buyback programs have brought banking, says Bucky Hellwig, vice president of BB & T Wealth Management.

"The market anticipates a very good earnings season and does not take into account trade tensions," said Paul Nolte, portfolio manager at Kingsview Asset Management in Chicago.

The United States and China have applied to each other since Friday tariffs on products representing a total of 34 billion dollars. But solid monthly employment figures in the United States and the hope that the entry into force of these tariffs does not lead to a global trade war have propelled stock markets on Friday.

According to a study by Bank of America Merrill Lynch Global Research, earnings per share of S & P-500 companies were revised upward for 2018, due to better than expected results in the first quarter, higher prices oil and US growth stronger than expected.

Earnings per share of companies in this index are expected to rise 20.7% on average in the quarter to June, according to Thomson Reuters I / B / E / S. Since most companies generally beat badysts' expectations, this percentage should increase further.

CATERPILLAR TAKES 4.10%, TWITTER LASTING 5.38%

Large export values ​​benefited from the easing of trade tensions. Caterpillar, won 4.10%, the biggest rise in the Dow. Boeing took 2.17%.

Tesla gained 3.11% .The electric car manufacturer has raised the prices of its Model X and Model S sedans in China, becoming one of the first manufacturers to raise its prices in response to trade frictions between Beijing and Washington, according to the Electrek automotive information website.

Groupon took 10.78% in rich exchanges, after an information of the site Recode affirming that the specialist of the on-line trade could put on sale.

In contrast, Twitter dropped 5.38%, after losing more than 9% in session, following a Washington Post article evoking mbadive suspensions of accounts. The social network reduced its losses after its chief financial officer said they would not impact the number of active users.

Three of the 11 compartments of the S & P-500 finished in the red, utilities posting the largest decline (-3.13%), ahead of telecoms (-1.42%) and construction (-0 , 47%).

(With Shruhi Shankar, Catherine Mallebay-Vacator for French Service)