Finance, technology and industry was the leading sectors of the upturn, while more defensive sectors such as telecom, healthcare and power companies were weaker.
at the close the Dow Jones Industrial Average climbed 0.4 percent to 18,226. S & amp; P 500 closed 0.3 percent higher at 2137 level. Nasdaq also increased by 0.6 percent to 4989.
All sectors the broad large cap index trading at plus, except for defensive telecoms, healthcare and utilities (electricity and gas) that was just below zero.
How stock markets will develop in the coming weeks will depend largely on the quarterly reporting season which started in earnest with aluminum producer Alcoa after the stock market closed in the US on Monday evening.
– at some time we need profit growth and if it turns out that we do not have earnings growth in the second quarter, so I think that the market upturn could end here, said Dan Miller on GW & amp; K Investment Management, told Bloomberg News.
Alcoa beat expectations with an EPS of 0:15 dollars against the anticipated 0:09 dollars.
the sale was 5.3 billion dollars. Expected This was a sale of 5.27 billion dollars, according to Bloomberg forecast compilation.
after trading 45 minutes after the close of trading had Alcoa shares rose 4 percent.
Huge interest were shown for information about the upcoming split of the company into two separate entities, to be implemented by the end of the year. A new Alcoa will focus on the traditional aluminum production, and a new company under the name Arconic to refine the metal mainly for the aerospace and automotive industry.
The technology sector was among Monday’s winners, including the Google conglomerate Alphabet who noted a rise of 1.5 percent. While Cisco and Intel climbed, up 0.7 percent and 1 percent.
The classic risk to turn banks had tailwind, with Citigroup, J.P. Morgan and Wells Fargo all rose about 0.8 percent.
Tesla traded up nearly 4 percent after CEO Elon Musk on Sunday tweeted that “top secret big plans for Tesla” will be announced later in the week.
the interest rate on ten-year US Treasury bond fell 3 basis points to 1.43 percent.
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