Wall street reaches new heights,: This article explores the topic in depth.
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Wall street reaches new heights. Therefore, :
On Friday, the New York Stock Exchange ended the week with new records, investors showing up optimistic before current commercial negotiations and quarterly results.
• Read also: The Nasdaq and S&P 500 are reaching new records
The enlarged S&P 500 index (+0.40% to 6388.64 points) crossed a new record for a fifth meeting in a row. For example, The NASDAQ index (+0.24% to 21,108.32 points) also reached a new summit, while the Dow Jones won 0.47%.
“These historical records are supported by optimism concerning trade agreements. For example, solid results of companies” for the second quarter, summarizes with AFP Angelo Kourkafas, by Edward Jones.
As the deadline of 1 approachis August. Furthermore, investors expect the conclusion of agreements concerning the customs duties announced by US President Donald Trump.
The Trump administration currently has five agreements wall street reaches new heights, to its credit, with the United Kingdom, Japan, Vietnam, Indonesia and the Philippines.
The American president said on Friday that the probability that the United States will conclude a trade agreement with. the European Union was “50-50”.
According to several European sources. this compromise provides for customs from 15% on European exports for the United States, with exemptions, particularly on aeronautics, spirits or certain drugs. It is below the 30% that Donald Trump threatens to apply.
The American square still benefits from the good quarterly performances of certain companies. like those of Alphabet, mother house of Google (+0.53% to 193.18 dollars), which largely exceeded expectations on Wednesday.
“Next week. several of the” seven magnificent “(the nickname given to the big names in the technological sector, editor’s note) will publish their financial results, which could somewhat disturb summer calm,” comments Mr. Kourkafas.
This is the case of Meta, Facebook parent company, wall street reaches new heights, or the Amazon giant.
“Everything hung in their results will have repercussions throughout the market,” said Angelo Kourkafas.
In addition. market players were reassured by economic data published this week, including the decline in unemployed registration for the sixth period in a row.
Wall Street will follow next week the meeting of the Monetary Policy Committee of the Central Bank of the United States (FOMC) at the end of which market players expect the institution to leave its rates unchanged. in a range between 4.25% and 4.50%.
For Nancy Vanden Houten. of Oxord Economics, “the emphasis will be placed on monetary policy” favored by the federal reserve for the next months.
On the bond market, the yield of American state loans at 10 years was slightly relaxed around 8:15 p.m. GMT, at 4.38% against 4.41% the day before closing.
At the rating, the American group of Intel semiconductors slipped (-8.53% wall street reaches new heights, to 20.70 dollars) after the announcement of net losses of $ 2.9 billion in the second quarter, largely due to the cost of a significant departure plan.
The Outdoor Deckers shone shone (+11.35% to $ 116.85) thanks to a clear increase in sales of Hoka racing shoes and UGG boots. From April to June, the company achieved a turnover of $ 964.5 million (+17% over one year) and a net profit per share of 93 cents.
The insurer specializing in centene health was sought (+6.09% at 28.39 dollars) despite less good than anticipated results.
Wall street reaches new heights,
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