WALL STREET, HELPED BY A RETURN IN FORCE OF THE TECHS, ENDS HIGHER

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October 15, 2018
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October 17, 2018

WALL STREET, HELPED BY A RETURN IN FORCE OF THE TECHS, ENDS HIGHER

Wall Street has clearly rebounded Friday at the close, helped by a return in force of the technological values and the results-oriented of the three banks on the occasion of the launch of earnings season.

According to the final results at the close, the index feature of the place in new york, the Dow Jones Industrial Average, has gained 1.15 per cent, to 25.339,99 points.

The Nasdaq, in high coloring technology, has taken on 2,29% to 7.496,89 points.

The expanded index S&P 500 advanced 1.42%, to 2.767,13 points.

On the week, the three indices have, however, finished sharply lower, the Dow Jones dropping of 4.19%, the Nasdaq with 3.74% and the S&P 500 4,10%, showing their heavier fall weekly since march.

Massacred since the end of last week, the Stock of technology companies, the traditional engine of growth in Wall Street, have taken up some forces on Friday.

Netflix has advanced 5.75%, Apple of 3.57%, Snap 5.43%, and Facebook by 0.25%.

“We had a bounce but we are still far from the account given previous losses,” said Peter Cardillo Spartan Capital.

In addition to the return of the techs, “the markets reacted very positively to the results of the u.s. banks,” said Quincy Krosby of Prudential Financial.

For the launch of the season of corporate results, JPMorgan Chase (-1,09%) had a net income strong increase of 24.5%. Citigroup (+2,14%) saw an increase of 11.8% in net income, and Wells Fargo (+1,30%) posted an increase of hers to a third party.

“When the banks do well, it means that the economy is doing well,” said Mr. Cardillo.

In a context of a sharp fall in stock market indices on Wednesday and Thursday, the courses have also been supported by the recommendation of an analyst influential of the bank JPMorgan Chase, Marko Kolanovic, to return to the market, noted Ms. Krosby.

The Treasury yield u.s. 10-year was close to balance towards 20: 30 GMT to 3,153% against 3,149% the day before. The 30-year stood at 3,334% against 3,323% on Thursday to the closing.

Source: https://kozpost.com/blog/wall-street-helped-by-a-return-in-force-of-the-techs-ends-higher/11472/