2024-04-23 23:04:26
Farm the wall Street stock Exchange Tuesday’s trading was higher following a number of major companies reported positive business results and investors awaited the disclosure of quarterly results from the seven largest companies, namely Alphabet, Microsoft, Amazon, Meta, Nvidia, Apple and Tesla.
and establishment You’re here The earnings announcement cycle among the Big Seven, and although its profits were lower than expected, its shares jumped more than 6 percent during extended trading hours following the unveiling of the launch of new electric car models , and Microsoft, Alphabet and Meta are expected to announce financial results later this week.
At the end of the session, the Standard & Poor’s index increased by 1.2 percent, while the Nasdaq Composite Index, dominated by technology stocks, rose by1.59 percent, and the Dow Jones Industrial Average per0.69 percent.
Slowdown in commercial activity
Markets also received support following reports that US business activity slowed to a four-month low in April, as well as a slight decline in inflation rates. despite the rise in input prices. These data have given rise to optimism. on the slowdown in consumer prices.
Markets are awaiting the release of Consumer Price Index results for March, expected next Friday, which is the measure favored by the Federal Reserve to assess inflationary pressures and guide its interest rate policy.
Currently, markets have reduced their expectations for the rate of U.S. interest rate cuts this year to just 43 basis points, down from 150 basis points at the start of the year, according to data from the London Stock Exchange Group.
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