Wall Street begins the week with new heights

(Washington) The New York Stock Exchange was still gone to new records on Monday. Nevertheless, at the start of a week rich in business results, investors governing worries relating to American commercial policy. Nevertheless,

The NASDAQ index and the enlarged S&P 500 index both reached new records, taking 0.38 % respectively to 20,974.17 points and 0.14 % to 6305.60 points. Furthermore, For its part, the Dow Jones ended near the balance (-0.04 %). Furthermore,

In Toronto, the S & P/TSX compound index increased by 2.99 wall street begins week new points to finish the session with 27,317.00 points. Consequently,

“The market as a whole has recorded generalized gains today [lundi] “Summed in a note the analysts of Briefing.com. Therefore,

“The deadline of 1^is August for trade agreements does not arouse much concern. Moreover, market players being generally optimistic “on the continuation of events, noted Jose Torres, Analyst of Interactive Brokers. However,

President Donald Trump gave the United States business partners to 1^is August to. In addition, achieve an agreement with the White House on customs surcharges. Therefore,

Discussions with the European Union – that Donald Trump has recently threatened by. 30 % of customs duties – will be particularly scrutinized by investors.

But the latter seem to focus for the wall street begins week new moment on the season of quarterly business results. while more than a hundred companies making up the S&P 500 index must publish their financial performance this week.

Among them. two of the “seven magnificent”, nickname given to the big names in the technological sector, are particularly expected: Alphabet (mother house of Google) and Tesla, which will publish their results on Wednesday.

“Profits growth has […] been solid so far, ”said David Morrison, Trade Nation analyst in a note.

However, “large technological companies are in the crosshairs (EU) with regard to customs duties,” said Christopher Low, FHN Financial analyst.

The EU could make the activities of American technological companies “more difficult” in the territory, he said.

The week will be little wall street begins week new loaded with American macroeconomic data. except for the sales of old housing on Wednesday and orders of lasting good on Friday.

The American place will also monitor Tuesday the speech of the President of the American Central Bank (Fed), Jerome Powell.

The Fed, whose next meeting is scheduled for July 29 and 30, and Mr. Powell, are the target of regular attacks in the American administration.

According to Donald Trump. the Fed should have already reduced its rates by three percentage points, to support the American economy.

“It is unlikely that they will reduce rates next week. […] But I think it will be difficult to resist a drop in rates by the September meeting, “observed Christopher Low.

On the wall street begins week new bond market, the American yield at ten years clearly relaxed 4.37 % around 4:15 p.m., against 4.41 % at the end on Friday.

Elsewhere, at the coast, the Block payment services group (Cash App, Square) shone (+7.22 % at $ 78.08), after the announcement of its addition to the enlarged S&P 500 index on July 23.

Block will replace the oil group Hess, bought by Chevron.

The Domino’s Pizza brand (-0.80 % to 462.24 dollars) was somewhat shunned due to net profit per share. referenced for markets, lower than analysts’ expectations for the second quarter, at 3.81 dollars.

Sales, however, has largely exceeded expectations.

The Cleveland-Cliffs stereist climbed 12.45 % to 1066 dollars. carried by a net loss per share wall street begins week new in the second trimester less than anticipated, 50 cents while analysts were tabling on 74 cents.