US indexes grew and Nasdaq reached new record

Noam Stiekema

The US stocks rose amid the reports of many corporate and economic news, as the ratio winners/losers on the New York stock exchange was approximately 7/3. The index of 30 leading US companies Dow Jones added 0.1% to 18,059 points, the index of big companies S&P 500 rose with 0.2% to 2,113 points, while the […]

Nasdaq growth record

Nasdaq growth recordThe US stocks rose amid the reports of many corporate and economic news, as the ratio winners/losers on the New York stock exchange was approximately 7/3. The index of 30 leading US companies Dow Jones added 0.1% to 18,059 points, the index of big companies S&P 500 rose with 0.2% to 2,113 points, while the technology-oriented Nasdaq rose with 0.4% to historical peak of closing of 5,056 points.

Apple shares rose by 0.8% on the eve of the release of Apple Watch on Friday. The shares of IBM rose with 3% after positive statements, as the total revenues fell by 12%, but in the cloud and analytical segments have growth rates of 60% and 12%. The shares of AT&T grew with 4.2% after its quarterly profit exceeded forecasts, while revenues came in slightly below them. The stocks of Dunkin Brands jumped with 7.9% after the company announced better-than-expected revenue and profit.

Shares of Caterpillar fell by 0.1%, although the company surprised analysts surpassing forecasts for profit and revenue. The General Motors stocks fell by 3.3%, the company reported revenue and profit below expectations. The shares of PepsiCo fell by 1.6% after the quarterly profit of the company exceeded expectations, but revenue fell by 3% to 12.22 billion USD mainly because of the strong USD.

The economic news of the day showed that new home sales in March fell by 11% to a level of 481 thousand, compared to the expectation of 510 thousand. The weekly applications for unemployment benefits even increased by one thousand to 295 thousand.

The industrial Markit PMI index showed that growth in the sector in April slowed more than expected, factory activity is at its lowest level since January.

The US WTI crude oil rose with 2.4% to 57.52 USD per barrel, while gold rose by 0.6% to 1,194 USD per ounce.

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