The if of NY closed higher on Monday focused on results of companies and closely monitoring diplomatic efforts in the Middle East.
He index Dow Jones gained 0.93%, the technology Nasdaq 1.20% and the S&P 500 1.06% at the closing bell.
“Something doesn’t make sense on Wall Street. Stocks rose but Treasury yields rose as uncertainty persists.”summarized Edward Moya, from Oanda.
“Much of the attention is focused on the conflict in between Israel and Hamaswhich is the subject of diplomatic efforts to prevent the war from spreading,” he added.
Europe wants to open a humanitarian air corridor to the Gaza Strip, announced the President of the European Commission, Ursula von der Leyen, who declared that the Palestinians in Gaza should not “pay the price for Hamas’ barbarism”.
The German Chancellor Olaf Scholzannounced on Monday that he will visit Israel this week to show their “solidarity.” He also said that he will visit Egypt.
For Peter Cardillo, of Spartan Capital, the rise in indexs reflects the expectations of investors “of a good season of results of companies“.
“On Tuesday we will have several large companies: from Goldman Sachs to Bank of America, passing through Johnson and Johnson, and if their results They are as good as those of JPMorgan on Friday, that could temper the negative sentiment linked to the conflict in between Israel and Hamas,” Cardillo highlighted.
For this specialist, Monday’s dynamism was “a delayed reaction to the good results exhibited on Friday” by the banks JPMorganCitigroup and Wells Fargo.
Among the values of the day, the brokerage house y bank Schwab gained 4.64% to $53.71 per share after announcing results better than expected for the third quarter.
He manufacturer of automobiles Ford gained 1.02% to $11.93, after its president, Henry Ford’s great-grandson, Bill Ford, called on the UAW union to end the strike that is hitting the company and its rivals GM and Stellantis, in the midst of negotiations salaries.
2023-10-16 15:57:00
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