The major stock indices of the US market closed this Friday with strong gains. Wall street achieved the green in a week of high volatility, marked by the first monetary policy announcement of the Federal Reservewho showed an even more restrictive tone in his communication.
The market reference S&P 500 of 500 values, ended this day with an advance of 2.43% to 4 431.85 units. main index Dow Jones, which consists of the shares of 30 industrial giants, rose 1.65% to 34,725.47 units. The Nasdaqwhich brings together large technology companies, rose 3.13% to 13,770.57 points.
The markets have shown strong volatility in recent days which, according to some analysts, has been shown by an indecision between good economic news, geopolitical tensions, favorable financial results in the reports of major issuers and the expectation of higher interest rates.
The indices reversed a negative week and added moderately. The S&P 500 rose 0.77%; the Dow Jones, 1.35%, and the Nasdaq, a marginal 0.01 percent. The performance of major issuers in the quarter had a lot to do with this boom, especially those reported by Apple Inc. and Microsoft Corp.
Apple shares closed the day with a strong advance of almost 7% after announcing that its net profit will grow by 64% in 2021. Shares of rival Microsoft rose 2.81% following a report published on Wednesday that also exceeded expectations. .
“There’s a lot of uncertainty and that has contributed to the volatility,” said Ross Mayfield, an analyst at Baird. “The fundamentals of companies and the economy are still pretty strong, but there are a lot of elements that are slipping through, whether it’s earnings, inflation, the Fed and geopolitical tensions,” he said.
The reporting season for the fourth quarter is at its peak, with 168 of the S&P 500’s ingredients reporting figures. Of those, 77% reported results that exceeded consensus expectations, according to Refinitiv data.
Reference-www.eleconomista.com.mx