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POSITION MARKET-Wall Street welcomes Fed, Apple and Boeing



* Dow got 1.77%, S & P-500 – 1.55%, Nasdaq 2.2%

* Fed promises patience for rates

* Apple and Boeing run Dow with an increase of over 6%

by Marc Angrand

PARIS, Jan 30 (Reuters) – The New York Stock Exchange on Wednesday after the Fed promised to support patience before any further interest rate rises, quickly ended the New York Stock Exchange, which is a commitment to delivering sustainable growth after performance. from Apple and Boeing's strong forecasts.

The Dow Jones Index increased by 434.9 points or 1.77% to 25014.86 points, thus closing the 25,000 mark for the first time since December 4th.

Wider S & P-500 was 41.05 points or 1.55% 2681.05.

Nasdaq Composite increased 154.79 points or 2.2% to 7183.08 points. It registers its largest percentage of the session since 4 January.

The Federal Reserve announced an unexpected continuation of its monetary policy, but mainly pointed out that it would be patient with the possible additional growth due to economic and financial uncertainty and suggested that it would have its own balance sheet.

"Markets discovered what they were looking for in the Fed press statement: both the central bank's patience for future rates and greater flexibility in reducing its balance sheet," he said. says Mohamed el Erian, Allianz Chief Economic Advisor.

Investors are also looking for possible guidance on the conduct of trade talks between US and Chinese leaders that began in Washington on the day.

VALUES

All S&P sector indices closed the day in the green market, with the high-tech segment (+ 3.03%), the consumer goods sector (+ 2.16%) and the consumer goods industry the biggest benefit. industry (+ 1.55%).

Dow Jones's Best Achievement, Apple, after publishing the results, is 6.83%, Tima Cook's group leader's words about sales tensions and long-lasting revenue gains from service activities. not a fear of the decline in iPhone sales, as highlighted by the group's warning this month.

Boeing had also taken 6.25% after having reported revenue and cash flow forecasts for this year significantly above market estimates.

Another Dow value, McDonald's, increased by 0.22% over the forecasts for the same store sales.

The most significant increase in day-to-day performance has benefited Advanced Micro Devices, with a 19.95% increase in sales of data center processors, and 2019 growth forecasts clearly above Wall Street's consensus.

Subsequently, the industry index Philadelphia Semiconductor took 2.87%.

As negative factors, AT&T fell by 4.33% as its sales and income from new subscribers were disappointed by analysts.

Of the 168 S&P-500 companies that reported a profit before Wednesday, 73.2% exceeded earnings estimates based on Refinitiv data.

DAY INDICATORS

Monthly ADP Employment Survey confirmed the health of the labor market two days before the official months were published: 213,000, the number of registered jobs is significantly higher than the average of 178,000 expected economists. interviewed by Reuters.

In the real estate market, US housing sales pledges declined in December, according to data from the NAR federation, which confirms the market weakness at the end of the year.

Marc Angrand, with Noel Randewich in New York and Sruthi Shankar
Bangalore


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