Three more corporations reported their earnings today. While the US session is still closed, let's see the data - it's pretty strong!
Wall Street goes up
On Tuesday, the American stock market rallied due to shares of technology and pharmaceutical companies, with investors optimistic about the reporting season. Additionally, they seem to be less worried about the US and Syrian allies' blows.
On Friday, the stock market fell due to concerns about the situation in Syria. However, investors definitely worried less about the possibility of retaliatory actions on the part of Russia, which appears to be a true ally of Assad.
Netflix closed the session down by up to 1.2%, although went up by approximately 7% in over-the-counter trades when the company published its quarterly report. The growth of the number of subscribers Netflix managed to surpass the forecasts of analysts.
Analysts suggest that the profits of companies included in the S&P 500 index for the first quarter increased by approximately 18.5% year-on-year, which would be the maximum surge for seven years, according to Thomson Reuters.
At the close of the New York Stock Exchange, the Dow Jones index rallied 0.87% hitting 24,573.04. The S &P500 index tacked on by 0.81% showing an outcome of nearly 2.677.84, while the Nasdaq Composite index soared 0.7% tacking on approximately 7.156.29.
As for the index of the technological sector of the S&P 500, the given benchmark managed to inch up by about 0.7%. In addition to this, the health sector index in the United States added about 0.8%. UnitedHealth shares climbed up 2.7% before the report was officially unveiled. At the same time the price of Microsoft Corp. ascended up to 1.2%.
Paper Merck tacked on about 2.6% on the background of positive results of testing the drug against cancer Keytruda.
Apart from that shares of Bank of America inched up about 0.44% after the bank reported on the quarterly profit that surpassed numerous forecasts.
As the earnings season kicks in, JPMorgan is the first to impress us with the better-than-expected data!
Nike has dropped to lows unseen since November of 2020 as it faces a boycott in China over Xinjiang's cotton issues.
In this article, you'll find the list of the hottest stocks to trade on April 19-23, which will publish their earnings!
While Citigroup reports better-than-expected quarterly data, it is also aims at restructuring its global presence. What will be the impact?
What's moving markets on Friday? What is the hottest news? Let's find out!