The New York Stock Exchange regains confidence and ends in the green

unnamed - 2022-04-26T095415.719

 


WallStreet reversed the trend on Monday 25 April and avoided a third consecutive session of decline, helped by a hunt for bargains and the health of the US economy.

The Dow Jones gained 0.70 percent to 34,049.46 points, the Nasdaq index gained 1.29 percent to 13,004.85 points and the broader S&P 500 index gained 0.57 percent to 4,296.12 points.

For Tom Martin, of Globalt Investments, “with the wave of sales that we experienced last week, we returned to levels that led to a rebound”, mainly technical, after a beginning of the session still in the red.

It was time to buy and make good deals and this benefited several giant capitalizations, said in a note, analysts at Briefing.com, such as Microsoft (+2.44%), Alphabet (+3.04%), and Nvidia (+1.98%), which had experienced a difficult month of April so far.

Following several cold showers in recent sessions, which had seen U.S. interest rates soar, as well as volatility, Wall Street was entitled to a slight lull before the close.

Yields on 10-year U.S. government bonds eased to 2.81% from 2.90% on Friday, April 22.

Fears of an economic slowdown or even recession in several major countries have not gone away, but for Tom Martin, investors see the U.S. performing better than its peers.

“The consumer is still in very good shape,” the manager reminds us, referring to early corporate results that showed sharp price hikes had not reduced demand. “And employment is also doing very well.”

The end of the session was also animated by the announcement of an agreement to acquire Twitter (+5.66% to 51.70 USD) by Elon Musk, which values the company at 44 billion USD.

The news platform did not wait for the close to report this protocol, which led to a brief suspension of trading.

The Tesla Group, of which Elon Musk is the co-founder and CEO, did not fare as well with this announcement (-0.70% to USD 998.02).

In another collateral reaction, the cryptocurrency Dogecoin, which the whimsical entrepreneur has regularly promoted since last year, jumped more than 20%.

The market welcomed the good health of Coca-Cola (+0.43% to 65.53 USD), whose quarterly sales and profits came in above expectations.

The beverage company managed to raise its prices by an average of 7% without affecting demand.

The video game publisher Activision Blizzard (-0.71% to 78.05 USD) was punished after the publication of results below expectations, with revenues down 22% year-on-year.

The group, which is to be acquired by Microsoft, suffered in particular from the disappointing sales of its game “Call of Duty”.

Plummeted by the slide of the crude oil, also marked by the spectre of an economic slowdown, the oil stocks have lost ground, like ExxonMobil (-3.37%), ConocoPhillips (-4.53%) or Marathon Petroleum (-3.24%).

The same cold snap for mining company Barrick Gold (-4.21%) or steelmaker US Steel (-2.86%).

The department store chain Kohl’s (+5.28% to 60.39 USD) benefited from a report in the New York Post that the owners of the JCPenney chain have made a takeover offer.

 
 
close

Oh salut toi 👋
Ravi de vous rencontrer.

Inscrivez-vous pour recevoir les dernières nouvelles dans votre boîte de réception, tous les jours.

Share on
Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on pinterest
Pinterest

Leave a Reply

Your email address will not be published.

The New York Stock Exchange regains confidence and ends in the green

Advertisement

The New York Stock Exchange regains confidence and ends in the green

Advertisement

Subscribe to Our Newsletter

Oh hi there 👋
It’s nice to meet you.

Sign up to receive latest news in your inbox, every day.

The New York Stock Exchange regains confidence and ends in the green

Advertisement

Follow us on Instagram!

Starbucks

The New York Stock Exchange regains confidence and ends in the green

Advertisment

unnamed - 2022-04-26T095415.719

The New York Stock Exchange regains confidence and ends in the green

 


WallStreet reversed the trend on Monday 25 April and avoided a third consecutive session of decline, helped by a hunt for bargains and the health of the US economy.

The Dow Jones gained 0.70 percent to 34,049.46 points, the Nasdaq index gained 1.29 percent to 13,004.85 points and the broader S&P 500 index gained 0.57 percent to 4,296.12 points.

For Tom Martin, of Globalt Investments, "with the wave of sales that we experienced last week, we returned to levels that led to a rebound", mainly technical, after a beginning of the session still in the red.

It was time to buy and make good deals and this benefited several giant capitalizations, said in a note, analysts at Briefing.com, such as Microsoft (+2.44%), Alphabet (+3.04%), and Nvidia (+1.98%), which had experienced a difficult month of April so far.

Following several cold showers in recent sessions, which had seen U.S. interest rates soar, as well as volatility, Wall Street was entitled to a slight lull before the close.

Yields on 10-year U.S. government bonds eased to 2.81% from 2.90% on Friday, April 22.

Fears of an economic slowdown or even recession in several major countries have not gone away, but for Tom Martin, investors see the U.S. performing better than its peers.

"The consumer is still in very good shape," the manager reminds us, referring to early corporate results that showed sharp price hikes had not reduced demand. "And employment is also doing very well."

The end of the session was also animated by the announcement of an agreement to acquire Twitter (+5.66% to 51.70 USD) by Elon Musk, which values the company at 44 billion USD.

The news platform did not wait for the close to report this protocol, which led to a brief suspension of trading.

The Tesla Group, of which Elon Musk is the co-founder and CEO, did not fare as well with this announcement (-0.70% to USD 998.02).

In another collateral reaction, the cryptocurrency Dogecoin, which the whimsical entrepreneur has regularly promoted since last year, jumped more than 20%.

The market welcomed the good health of Coca-Cola (+0.43% to 65.53 USD), whose quarterly sales and profits came in above expectations.

The beverage company managed to raise its prices by an average of 7% without affecting demand.

The video game publisher Activision Blizzard (-0.71% to 78.05 USD) was punished after the publication of results below expectations, with revenues down 22% year-on-year.

The group, which is to be acquired by Microsoft, suffered in particular from the disappointing sales of its game "Call of Duty".

Plummeted by the slide of the crude oil, also marked by the spectre of an economic slowdown, the oil stocks have lost ground, like ExxonMobil (-3.37%), ConocoPhillips (-4.53%) or Marathon Petroleum (-3.24%).

The same cold snap for mining company Barrick Gold (-4.21%) or steelmaker US Steel (-2.86%).

The department store chain Kohl's (+5.28% to 60.39 USD) benefited from a report in the New York Post that the owners of the JCPenney chain have made a takeover offer.

  
Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on pinterest
Pinterest

Leave a Reply

Your email address will not be published.

The New York Stock Exchange regains confidence and ends in the green

Advertisement

The New York Stock Exchange regains confidence and ends in the green

Advertisement

Subscribe to Our Newsletter

Oh hi there 👋
It’s nice to meet you.

Sign up to receive latest news in your inbox, every day.

The New York Stock Exchange regains confidence and ends in the green

Advertisement

Follow us on Instagram!

Starbucks

The New York Stock Exchange regains confidence and ends in the green

Advertisment

Oh hi there 👋
It’s nice to meet you.

Sign up to receive latest news in your inbox, every day.