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US stocks climbed on Tuesday after a series of third-quarter results released by major banks and consumer companies, many of which exceed Wall Street expectations in terms of key statistics.
<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "The S & P 500 (^ GSPC) increased by 1.11%, or 30.44 points, with earnings gains from each sector. The Dow (DJI) rose 1.21% or 304.47 points to 10:47 am ET. The Nasdaq (^ IXIC) earns 1.28%, or 95.08 points. "data-reactid =" 12 ">The S & P 500 (^ GSPC) increased by 1.11%, or 30.44 points, with earnings gains from each sector. The Dow (DJI) rose 1.21% or 304.47 points to 10:47 am ET. The Nasdaq (^ IXIC) earns 1.28%, or 95.08 points.
The rise in inventories on Tuesday follows sharp declines last week in the main indices. The recent crisis in the US stock markets – combined with the escalating trade tensions and expectations of tightening monetary policy by the Federal Reserve – has led some analysts to take a downside view of the US dollar. ;Mondial economy.
A record number of fund managers surveyed by Bank of America Merrill Lynch, 85%, said they believed the global economy was at the end of the cycle, an increase of 11 percentage points from the previous record of December 2017 A clear 38% of respondents said they expect the global economy to slow down over the next year, the worst outlook since the end of 2008.
<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = ""Investors are bearish on global growth," said Michael HartnettChief investment strategist at Bank of America Merrill Lynch. "data-reactid =" 15 ">"Investors are bearish on global growth," said Michael HartnettChief investment strategist at Bank of America Merrill Lynch.
Bank of America Merrill Lynch's outlook follows last week's decision by the International Monetary Fund to reduce its global growth outlook for this year and next, from 0.2% to 3.7%.
<h2 class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "STOCKS: Goldman Sachs wins investment banking, Walmart downgrades after acquisition of Flipkart "data-reactid =" 17 ">STOCKS: Goldman Sachs wins investment banking, Walmart downgrades after acquisition of Flipkart
<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Goldman Sachs (GS) announced a profit above average Wall Street expectations, supported by by the strength of its investment banking business. The bank reported a profit of $ 6.28 per share, against $ 5.38 expected. Revenues reached $ 8.65 billion for the quarter, exceeding estimates of $ 8.4 billion. Net investment sales were $ 1.06 billion, 20% higher than the same quarter last year. Goldman Sachs shares rose 2.7% to $ 221 each at 9:31 am ET "data-reactid =" 18 ">Goldman Sachs (GS) announced a profit above average Wall Street expectations, supported by by the strength of its investment banking business. The bank reported a profit of $ 6.28 per share, against $ 5.38 expected. Revenues reached $ 8.65 billion for the quarter, exceeding estimates of $ 8.4 billion. Net investment sales were $ 1.06 billion, 20% higher than the same quarter last year. Goldman Sachs shares rose 2.7% to $ 221 at 9:31 am ET.
<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Shares of Morgan Stanley (MS) rose more than 4% when the market opened after the bank beat the Wall Street market. expectations in its income banking, equity and investment banking activities. Fixed income sales and trading revenues increased 1% to $ 1.2 billion, while sales and trading proceeds increased from $ 1.9 billion to $ 2 billion. dollars. The bank's net profit was $ 1.17 per share, exceeding expectations of $ 1.01. "Data-reactid =" 19 ">Shares of Morgan Stanley (MS) rose more than 4% when the market opened after the bank beat the Wall Street market. expectations in its income banking, equity and investment banking activities. Fixed income sales and trading revenues increased 1% to $ 1.2 billion, while sales and trading proceeds increased from $ 1.9 billion to $ 2 billion. dollars. The bank posted net earnings of $ 1.17 per share, exceeding expectations of $ 1.01.
Traders work on the New York Stock Exchange (NYSE) in New York, USA, on October 12, 2018. REUTERS / Brendan McDermid
<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Shares of Domino's Pizza (DPZ) declined after the company announced its same-store sales in the domestic market were below the expectations of the average analyst. Same-store sales in the United States rose 6.3%, the company said Tuesday, slightly below average expectations of 6.4%. Earnings were $ 1.95 per share in the third quarter, exceeding expectations of $ 1.75 per share. However, revenue was below expectations as pizza chains posted revenues of $ 786 million during the period, compared to $ 789.6 million. The stock fell 4.15% to $ 261.64 per share at 9:33 am ET. "Data-reactid =" 31 ">Shares of Domino's Pizza (DPZ) declined after the company announced its same-store sales in the domestic market were below the expectations of the average analyst. Same-store sales in the United States rose 6.3%, the company said Tuesday, slightly below average expectations of 6.4%. Earnings were $ 1.95 per share in the third quarter, exceeding expectations of $ 1.75 per share. However, revenue was below expectations as pizza chains posted revenues of $ 786 million during the period, compared to $ 789.6 million. The stock fell 4.15% to $ 261.64 per share at 9:33 am ET.
<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Walmart (WMT) narrows outlook for annual results following the acquisition of Flipkart, an Indian e-commerce company. Walmart, the world's largest retailer, downgraded its guidance for fiscal 2019 from $ 4.65 to $ 4.80 per share, from $ 4.90 to $ 5.05 per action. The company acquired a 77% stake in Flipkart for $ 16 billion in May, with the goal of reviving its e-commerce business. Walmart presented upbeat prospects for same-store sales in the domestic market, which the company expects to grow by 2.5% to 3% over the next year, excluding fuel. Walmart shares rose after falling early in the session, from 0.72% to $ 94.50 per share at 9:34 am. "Data-reactid =" 32 ">Walmart (WMT) narrows outlook for annual results following the acquisition of Flipkart, an Indian e-commerce company. Walmart, the world's largest retailer, downgraded its guidance for fiscal 2019 from $ 4.65 to $ 4.80 per share, from $ 4.90 to $ 5.05 per action. The company acquired a 77% stake in Flipkart for $ 16 billion in May, with the goal of reviving its e-commerce business. Walmart presented upbeat prospects for same-store sales in the domestic market, which the company expects to grow by 2.5% to 3% over the next year, excluding fuel. Walmart shares rose after falling early in the session, rising 0.72% to $ 94.50 per share at 9:34 am.
<h2 class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "NEWS: Business executives abandon "Davos Middle East" while waiting for violent reactions "data-reactid =" 33 ">NEWS: Business executives abandon "Davos Middle East" while waiting for violent reactions
<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "The controversy surrounding the disappearance of Jamal Khashoggi after a visit to Saudi Arabia The consulate in Istanbul has expanded to include some companies with ties to Saudi Arabia. The Japanese technology company SoftBank was a great success on Monday, as CEO and founder, Masayoshi Son, had forged close ties with King Salman and the Saudi government, which brought nearly half of the fund's Vision Fund, a capital of $ 93 billion. Some analysts have indicated that some companies would withdraw their money from the Vision Fund or that companies would be more reluctant to accept funds from the fund because of its links with Saudi Arabia. "Data-reactid =" 39 ">The controversy surrounding the disappearance of Jamal Khashoggi after a visit to Saudi Arabia The consulate in Istanbul has expanded to include some companies with ties to Saudi Arabia. The Japanese technology company SoftBank was a great success on Monday, as CEO and founder, Masayoshi Son, had forged close ties with King Salman and the Saudi government, which brought nearly half of the fund's Vision Fund, a capital of $ 93 billion. Some analysts have indicated that some companies would withdraw their money from the Vision Fund or that companies would be more reluctant to accept funds from the fund because of its links with Saudi Arabia.
ECONOMY: Industrial production rises at a faster pace than expected and employment opportunities rise
<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "US industrial production rose 0.3% in September, exceeding average expectations of an increase of 0.2%, according to data compiled by Bloomberg. Progress in manufacturing and mining production contributed to an increase in production for the fourth consecutive month. Industrial capacity utilization remained stable at 78.1%. "data-reactid =" 41 ">US industrial production rose 0.3% in September, exceeding average expectations of an increase of 0.2%, according to data compiled by Bloomberg. Progress in manufacturing and mining production contributed to an increase in production for the fourth consecutive month. Industrial capacity utilization remained stable at 78.1%.
<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "The National Association of Home Builders confidence survey increased by one point in October to 68%, registering at the same level as the same month last year. Readings greater than 50 are considered positive. According to data compiled by Bloomberg, this figure has exceeded the average of expectations of 66. "data-reactid =" 42 ">The National Association of Home Builders confidence survey increased by one point in October to 68%, registering at the same level as the same month last year. Readings greater than 50 are considered positive. This exceeds the average expectations of 66, according to data compiled by Bloomberg.
<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "The number of job opportunities has increased to a higher than expected level, Hit a series of 7.136 million in August, said Tuesday the Department of Labor. According to Bloomberg data, this figure exceeded the expectations of 6.9 million job vacancies and exceeded the 7.777 million job vacancies revised upward from the previous month. Hires also peaked at 5.8 million for the series in August, with a hiring rate of 3.9%. The total number of separations changed little, registering 5.7 million euros for the month. "Data-reactid =" 43 ">The number of job opportunities has increased to a higher than expected level, Hit a series of 7.136 million in August, said Tuesday the Department of Labor. According to Bloomberg data, this figure exceeded the expectations of 6.9 million job vacancies and exceeded the 7.777 million job vacancies revised upward from the previous month. Hires also peaked at 5.8 million for the series in August, with a hiring rate of 3.9%. The total number of separations changed little, registering 5.7 million euros for the month.
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<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Emily McCormick is a journalist for Yahoo Finance. Follow her on Twitter: @emily_mcck"data-reactid =" 45 ">Emily McCormick is a journalist for Yahoo Finance. Follow her on Twitter: @emily_mcck
<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Read more about Emily:"data-reactid =" 46 ">Read more about Emily:
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