Slight increases on Wall Street. The upward trend on American stock markets may continue for longer

Luc Williams

The Dow Jones Industrial was up 0.13% at the close. and amounted to 38,726.33 points. The S&P 500 increased by 0.06% at the end of the day. and amounted to 4,997.91 points. The Nasdaq Composite rose 0.24%. and closed the session at 15,793.72 points. The Russell 2000 small-cap index rose 1.41 percent to 1,977.98 points. The VIX volatility index fell by 0.23 percent, to 12.80 points.

“This rally has arms and legs, as well as further scope for improvement”

“We believe that this rally has arms and legs and further room for improvement. This narrative of a soft landing is quite powerful and it will take some time to challenge it,” Jean Boivin, director of BlackRock Investment Institute, who prevails in the US, said in an interview for Bloomberg TV shares.

“In the near term, a problem for the market may be that the S&P 500 index exceeds the psychologically important level of 5,000 points, but in a macroeconomic context dominated by a soft landing of the economy and easing of central bank policy, the outlook for risky assets is positive,” said Skylar Montgomery Koning, senior global macro strategist at TS Lombard.

Investors analyzed the latest macro data from the American economy. The number of people applying for unemployment benefits for the first time last week in the US was 218,000. Economists expected the number of new unemployed to be 220,000. compared to 227 thousand previously, after correction from 224 thousand The number of unemployed people continuing to receive benefits amounted to 1.871 million in the week that ended on January 27.

Disney beat quarterly earnings estimates

Analysts expected 1.876 million compared to the previously quoted 1.894 million, after correction from 1.898 million. U.S. wholesalers’ inventories rose 0.4% in December. on a month-to-month basis – the Department of Commerce reported in the final reading. Initially estimated +0.4%. A month earlier, stocks fell by 0.4%, after a correction from -0.2%.

Walt Disney’s shares rose by more than 11 percent at the end of the day. after the media giant beat quarterly profit estimates and raised its forecasts as it cuts costs. Chipmaker and component designer Arm rose almost 50%. after the company announced stronger-than-expected quarterly earnings and an optimistic earnings forecast. PayPal shares fell more than 11%. after the payments company provided full-year and first-quarter financial guidance that fell short of expectations.

Clothing maker Under Armor rose 0.13% at the close, although it gained 6% during the day. after raising its annual profit forecast. New York Community Bancorp lost 2%. after the lender tried to boost investor confidence by appointing a new executive chairman and saying it could reduce exposure to the struggling commercial real estate segment.

On the oil market, WTI futures for March are priced at USD 76.51 per barrel, up 3.59%, and April Brent futures are up 3.32%. up to USD 81.85/b.


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