Wall Street advances after a day of heavy losses

The main stock indices of the US market operate with gains this Wednesday morning. wall street It advances moderately after a session of strong pullback and to know the results of big technology the day before, after the close of operations.

The reference index S&P 500, which brings together the 500 strongest companies in the market, advances 0.62% to 4,200.99 units. main index Dow-Jones, which measures 30 industrial giants, gains 0.35% to 33,357.03 units. the technological nasdaq advances 0.71% to a level of 12,579.75 points.

Concerns about lockdowns in China, the war in Ukraine and a more hawkish Fed remain amid earnings season. Two market giants, Alphabet (Google matrix) and Microsoft Corporationreported their results for the quarter yesterday.

While the internet search and advertising company reported revenue below analysts’ expectations, the Bill Gates-founded company showed strength in its cloud service, forecasting double-digit revenue growth for the coming fiscal year. .

While Alphabet shares fall -3.33%, Microsoft shares rise 6.41 percent. According to analysts, it is not clear whether the positive performance of the indices is part of the reaction after yesterday’s sharp declines or an advance supported by Microsoft’s quarterly numbers.

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