New York stocks forecast: US stock markets continue to rise – sellers are convinced

NEW YORK (awp international) – US stock exchanges are likely to build on their recent gains on Thursday. Economic data was mostly positive, which created a good mood even before trading opened. The news from sales was particularly convincing.

Around three quarters of an hour before the start of trading, the broker IG calculated that the main Dow Jones Industrial index was up 0.6 percent at 40,256 points. The technology-heavy and economically sensitive Nasdaq 100 is expected to be one percent higher.

Gasoline sales and car sales provided a discount for retail sales in July, wrote economist Ralf Runde of the Landesbank Hessen-Thüringen. It was clear that the market’s expectations were exceeded.

Among individual stocks, Walmart shares rose nearly eight percent in US premarket trading. The retailer took its full-year revenue and adjusted earnings per share forecast. In addition, sales and profits in the second quarter exceeded analysts’ expectations.

Cisco shares also rose nearly eight percent before the trading session. The network equipment supplier exceeded Wall Street’s expectations with its sales forecast for this quarter. An optimistic outlook for heavy industry could indicate that spending on IT infrastructure is picking up again. At the same time, Cisco wants to save money by cutting jobs.

Deere shares rose a good two percent in premarket trading. The agricultural machinery manufacturer was pleasantly surprised by the net profit in the third quarter.

Alibaba shares fell more than two percent before the trading session. The Chinese online retailer did not increase sales in the last quarter as much as the market expected. Aggressive promotions and new shopping features have failed to boost consumer spending in a mixed Chinese consumption environment./la/stk