Wall Street soars on optimism about quarterly outcomes
On Friday, equities of the USA rose because market participants waited for good quarterly reports of companies in the beginning of the reporting season, while American leader Donald Trump said that a military attack on Syria could not be done too soon, thus soothing fears of geopolitical tensions.
On Thursday, Trump wrote on Twitter that the attack on Syria, about the likelihood of which he announced the day before, could take place very soon or not at all soon.
Financial stocks rose by 1.8%, which is the highest outcome among the 11 main S&P sectors. Besides this, tech sector gained 1.3%.
The mood of investors also supported the good quarterly results of BlackRock Inc as well as Delta Air Lines Inc.
The profit of Delta exceeded forecasts, as a result of which the shares of the air carrier grew by 2.9%.
Paper BlackRock went up by about 1.5%, as the company's quarterly earnings in asset management also surpassed analysts' forecasts.
On Friday, the active phase of the reporting season will burst out: JPMorgan Chase&Co, Citigroup Inc as well as Wells Fargo&Co report on quarterly results.
Analysts expect that quarterly profits of S&P 500 companies will tack on by 18.4% in annual terms - as much as in seven years, according to Reuters.
The Dow Jones index rose 1.21% hitting 24,483.05, while the S&P 500 index added 0.83% showing an outcome of 2.663,99. As for the Nasdaq Composite index, it acquired 1.01% hitting 7.140.25.
Equities of Facebook Inc dived 1.5% having soared 5.3% in the two previous sessions. On Wednesday and on Thursday for up to 10 hours, the Head of the company Mark Zuckerberg answered the questions of American legislators in the Congress in connection with the scandal over unauthorized access to data of social network users.
The US-China trade war escalates
More tariffs were introduced
Stocks of technological companies fell, pay attention to earnings
Yesterday, the US Justice Department announced a broad antitrust review ...
Futures head south after China data points to decelerating retail sales
On Wednesday, American stock index futures headed south because dismal data out of China affected market sentiment, while traders waited for more developments related to the US-China trade conflict…
Bitcoin dives 14%, slumping below $5,000
On Tuesday, crypto assets dived, with Bitcoin decreasing below the psychologically crucial $5,000 mark for the first time this year…
British inflation tacks on for the first time this year
In July, Britain's inflation rate rallied for the first time in 2018, thus leaving many UK households feeling quite squeezed by prices, soaring at nearly the same tempo as their wages…
Market updates on June 18
Welcome to Tuesday, people! Here’s your markets update ahead of the European trading session.