US stocks closed higher Tuesday on the back of Manzana and other technology companies, while a disappointing profit margin forecast Target Corp weighed on retailers for much of the session.
The actions of energy sector they also rose thanks to a rise in oil prices.
The S&P 500 gained 39.25 points, or 0.95%, to 4,160.68 units, while the nasdaq it rose 113.86 points, or 0.94%, to 12,175.23 units. The Dow Jones Industrial Average it rose 264.36 points, or 0.80%, to 33,180.14 units.
Earnings from shares of Apple Inc. They came despite news that the company must change the connector on iPhones sold in Europe by 2024, after European Union (EU) countries and lawmakers agreed on a single charging port for mobile phones, tablets and cameras.
The S&P 500 technology index also rose.
The actions of Target Corp fell after the retailer said it would have to offer more discounts and cut stock of discretionary items.
Some market observers have also pointed out that, although the liquidation of inventories would be negative for companies in the short term, it could contribute to curb inflation.
Stock trading was volatile, with indices down earlier in the day, but the market has recovered from recent heavy losses.
Recently, “we’ve had a nice bounce … and investors generally feel better right now. But we’re in a swing market, like we’ve seen all year,” said Tim Ghriskey, senior portfolio strategist at Ingalls & Co. Snyder.
“At some point, we’ll bottom out and the market will go higher. We find it hard to believe that’s anytime soon, given the number of fundamental issues plaguing the market,” he said.
On Friday the rate of CPI consumer prices May, which will give an idea of the trajectory of the inflation in the United States.
Among the values of the day, the oil companies were with strong gains thanks to the shooting of crude oil prices, which is close to its maximum of the year. A) Yes, ExxonMobil touched a price record on Tuesday (4.58% to 103.37 dollars).
Something very unusual, the price of the laboratory Novavax was suspended throughout the day, by a meeting of the drug regulatory agency (FDA), which recommended authorizing its coronavirus vaccine. After the closing of wall streeton electronic trading, its shares gained 0.90 percent.
kg