Tuesday , October 26 2021

«Jobs» and «Corporate Results» support Wall Street's ongoing recovery



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On Friday, global stocks continued to grow as the company's quarterly earnings performance continued to decline, but European and Asian markets benefited from US and Chinese statements on the imminent trade agreement, but unsatisfactory and lower than earnings from indexes, but Wall Street recovered from official data, that the US economy added 304,000 jobs last month, more than expected by analysts.

The New York Mercantile Stock Exchange's Dow Jones average rose on Friday, while the S&P 500 stabilized after US data above expectations showed investors worried about the economic downturn, while losses in Amazon stocks, benefits and Nasdaq Composite Although markets are still waiting for the results of trade talks between the United States and China before the summit between the two heads of state to resolve the outstanding points.

Dow Jones has increased by 153 points or by 0.61% to 25025.31, while the benchmark S&P 500 has dropped by 1.78 points or 0.07% to 2 702.32 points, before a slight increase resumed during the session by 0.31%, Nasdaq – by 25.37 points or 0.35%. , Up to 7256.37 points before it fluctuated between small increases and thresholds.

ExxonMobil and Merck had the greatest benefit in the industrial index, while the luxury goods industry was the worst in Wall Street, and Exxon Mobil grew by more than 2 percent after the company made more profits than analysts expected. In the last quarter of 2018.

The company's e-retail sales results yesterday showed a net profit of $ 3.02 billion ($ 6.04 per share) over three months. At the end of December 2018, compared to $ 1.85 billion ($ 3.75 per share) in the same period last year, analysts' estimates in the fourth quarter were $ 5.65.

The company's share fell by 3.5% to $ 1657.3, despite a record quarterly earnings and revenue end on December 31, 2018.

Wall Street continued to climb on Thursday, thanks to strong Facebook revenue, which boosted optimism after making promises from the Federal Reserve the day before, while investors are waiting for the results of trade talks between the US and China.

Dow Jones Industrial Average <.DJI – decreased by 5.96 points or 0.02 percent to 2.558.90 Standard & Poor's 500 Index <.SPX> was 23.65 points or 0.88 percent to 2.704.70. The Nasdaq Composite Index increased by 98.66 points or 1.37 points. Percent to close 7281.74 points.

Three scores ended in a month when Nasdaq scored 9.74%, S & P 7.89% and Dow Jones 7.21%, which is the biggest monthly gain compared to Dow Jones 30 year interest, Standard & Poor's October 2015 and the best month of NASDAQ Since October 2011.

"The best performance in January for Dow Jones over 30 years, we have the world's most powerful economy," said US President Donald Trump yesterday.

On the continent, European equities rose on Friday as investors continued to risk, pointing out that China-US trade talks were successful.

The European index Stoxx 600 increased by 0.64%, with most European stock markets slightly increasing and increasing in most sectors, French CAC rose 0.28%, UK FTSE – 0.58% and DAX 0.12 German central bank warned of a longer-than-expected economic weakness.

In Asia, Japan's Nikkei closed a price of 0.07% higher on Friday, as earlier profits from companies such as Nomura and Nintendo dropped, but the Shanghai index increased by 1.30%, weakening China's weakness, the Hong Kong index fell by 0.04% weak profit. (Agencies)

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