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The Nasdaq invests 0.92% at 7,913.57 points, following strong quarterly reports from leading technology companies. Industrial Dow Jones increases by 0.36% to 25,133.78 points.
The S & P 500 climbs 0.58% at 2,823.33 points.
Robust Profit
The quarterly reports of some of the biggest Wall Street have been robust up here in the race for performance. According to Thomson Reuters, 82% of the 90 companies in the S & P 500 outperformed expectations.
Analysts are forecasting earnings growth of about 22% in the second quarter, an increase of 20.7% since the beginning of July.
Investors will continue to look for the effects of the strong dollar and the trade dispute between the United States and China for future profits.
Harley-Davidson, which was a focal point in the dispute, grew by 3.26% in the retail trade with relatively low sales volumes, after the company delivered a strong quarter ahead of schedule. This is mainly due to the increase in sales of motorcycles outside US borders. The company expects tight operating margins when new EU penalties are activated.
After the opening, the Harley-Davidson stock rose 1.81% to $ 42.20.
Google in searchlight
Google Mother Alphabet, which recently received ] a record fine for violating EU competition rules, had an after tax loss of $ 3.2 billion, against $ 3.5 billion last year. Earnings per Share was $ 4.54, down from $ 5.01 in the same quarter last year. Fit for the boat was the result by. $ 11.75, compared with $ 8.9 at the same time last year, when the company also received a large fine from the EU. Analysts point out that business investment seems to be producing results.
– Alphabet has delivered strong results and shows that their increased investment pays off. The investment in machine learning and artificial intelligence boosts innovation in Alphabet activity, including mobile search, shooting services, Google Home, Waymo, etc., says JP Doug Anmuth analyst Morgan, according to CNBC
In the retail trade, the stock rose by 4.6 percent, which increased the stock price to several other stock companies. high technology.
After opening, Alphabet increases by 60% per share, up 5% to $ 1,270.20.
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