Wall Street Closes Higher on Earnings, Data
The New York stock market closed higher today, confirming its recovery, following the release of business results appreciated by investors and an indicator showing a cooling of the US economy.
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Economia Bolsas
The final results of the session indicate that the selective index Dow Jones appreciated 0.69%, the technological Nasdaq gained 1.59% and the wide S&P500 progressed 1.20%.
After the drop last week, the indexes were ready to appreciate, considered Kurt Spieler, from FNBO.
The disclosures [of results] from the companies also brought a positive note, which relieved the market", he continued.
Among the numerous results of the day, those from the defense sector shone in particular, such as Lockheed Martin, RTX (manufacturer of the Patriot GEM-T anti-missile defense systems) and GE Aerospace.
For Kurt Spieler, with the US economy managing to avoid a contraction, the scenario of an increase in non-tech stocks is credible.
Having said that, "tech stocks may pass the baton, but they don't need to go through a major correction", he considered.
Today, the New York market met and welcomed the drop in the PMI composite index, from S&P Global, which came out with the value of 50.9 in April, below the 52.0 expected by the economists.
This deceleration is of a nature to encourage the US central bank to lower its reference interest rate soon, so much so that the price index paid, also according to this survey, also dropped.
Read Also: Wall Street starts the week rising while waiting for quarterly results (Portuguese version)
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