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Stocks are generally higher on Tuesday, as investors have been encouraged by solid results from several large US companies. The global manufacturer of ereo Mondelez has made progress after the publication of its latest quarterly results. Banks grew at the same time as interest rates and media companies also rose.
Real estate investment trusts have increased. They have done much better than the rest of the stock market recently, as transactions have become volatile this month.
European stocks fell following the announcement of a slowdown in the region's economy in the third quarter.
KEEP THE SCORE: The S & P 500 added 18 points, or 0.7%, to 2659 at 14 hours. Eastern Time. It jumped 1.2% Tuesday morning but fell briefly in the early afternoon. The Dow Jones Industrial Average gained 241 points, up 221 points (0.9%).
The Nasdaq composite added 40 points, or 0.6%, to 7,091. The Russell 2000 Small Business Equity Index advanced 14 points, or 1%, to 1,491.
The shares started on Monday with strong rises, but these gradually faded and the market ended in more losses after Bloomberg News announced that the Trump administration could announce tariffs on all remaining US imports from China in early December if the two countries did not progress trade negotiations.
QUOTE: Corporate profits rose about 20% this year, as the US economy strengthened and corporate taxes decreased after last year's tax cut. Analysts expect corporate profits to continue to grow in 2019, albeit at a slower pace. Julian Emanuel, chief equity and derivatives strategist at BTIG, said investors were worried about two things that could further slow down the economy: the US-China trade dispute and the rising interest rates. Interest of the Federal Reserve.
"All this fear about growth is trading on something we do not see in statistics yet," he said. "In reality, you do not have any signs of an economic downturn yet."
HOW SOMETHING: Mondelez rose 4.7% to 42 USD after its third quarter earnings exceeded analysts' forecasts. The manufacturer of Oreo cookies, Cadbury chocolate and Trident gum offset some of its losses earlier this year.
Other companies that manufacture and sell household items have also grown. Walmart added 2.2% to $ 102.
Among real estate investment trust companies, American Tower's wireless communications infrastructure company grew 5% to $ 160.46 after the third quarter report.
The utility index of the S & P 500 has risen by nearly 3% over the past month and home appliance manufacturers have grown by 2.5%. The broad S & P 500 fell 9% over the same period.
GE GETS SHOCKED: General Electric has further reduced its dividend. The company had reduced its dividend by half, from 24 cents in December to 12 cents. It was reduced to 1 cent on Tuesday. The troubled industrial giant also said that the Justice Department had opened a criminal investigation into a $ 22 billion charge it had withheld for its electrical business this year. Securities regulators were also conducting a civil inquiry.
The stock fell 10.3% to $ 10.01, its lowest price since the beginning of 2009.
RESET: Take-Two Interactive jumped 9.6% to $ 122.43 after its new game "Red Dead Redemption 2" returned $ 725 million in retail sales in its first three days. The shares also jumped Thursday, the day of the release of the game, but the shares of Take-Two are down sharply this month, the technology companies having been sanctioned.
FAVORITES FALLEN: The shares suffered heavy losses this month, and some of the worst losses were recorded by long-time market favorites, which had soared in recent months. Amazon plunged 24% this month and Netflix is down 23%. But these companies had more to lose than many others: Amazon has again gained 295% this year and Netflix has risen by 45%.
ABROAD: The economy of the 19 euro area countries slowed unexpectedly in the third quarter. It increased 0.2% between July and September, which is below analysts' forecasts.
According to experts, one-off factors, such as the new car emission standards, have affected Europe, so that growth should pick up again. But they say that it is unlikely that last year's performance will be up to that of last year, as the region is facing problems such as the departure of the Grande EU-Britain, trade disputes and a conflict with Italy over the budget of this country.
The German DAX fell by 0.4% and the French CAC 40 by 0.2%. Britain's FTSE 100 added 0.1%.
A weakening of the Chinese yuan has helped some stock indexes in Asia. The Japanese Nikkei 225 index jumped 1.5% after official data showed that the unemployment rate had dropped to 2.3% in September. Kospi of South Korea took 0.9%. Hong Kong's Hang Seng fell 0.9 percent.
OBLIGATIONS: Bond prices have fallen. The yield on the 10-year Treasury Note rose from 3.08% to 3.10%.
ENERGY: US benchmark crude oil fell 1% to $ 66.36 a barrel in New York. Brent, used for the price of oil on the international market, lost 1.7% to 76.08 dollars a barrel in London.
METALS: Gold lost 0.2% to $ 1,225.30 an ounce. Silver rose 0.1% to 14.46 dollars an ounce. Copper fell 2.8% to $ 2.66 a pound.
CURRENCY: The dollar rose from 112.35 yen to 112.84 yen. The euro rose from 1.1390 dollar to 1.1354 dollar.
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You can contact Marley Jay, Writer of Stock Markets, at http://twitter.com/MarleyJayAP
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