The New York Stock Exchange ended this Thursday on the rise, encouraged by better-than-expected company results and indicators that support the assumption of a moderate slowdown in growth.
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At the closing bell the dow jones gained 0.51% to 32,037 points, the technological nasdaq 1.36% to 12,060 units, and the S&P 500 rose 1%. The indices oscillated between positive and negative territory for much of the day, before stabilizing above their levels on Wednesday. For Quincy Krosby, of LPL Financial, Wall Street remained optimistic about the results of companies, which, although less good than the previous quarter, have not registered major stumbles so far.
“The market treats these firms well as long as the figures are less bad” than expected, explained the analyst. An example of this dynamic, Tesla had a lower than expected turnover and did not record a record profit again, but investors welcomed a solid result and confirmed forecasts.
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“Considering the power plant closures in China, Tesla did better than expected,” said Dan Ives of Wedbush Securities.
Tesla was a “catalyst” for the market, Quincy Krosby said. Apple (1.51%), Amazon (1.52%) or Nvidia (1.36%), among the largest companies on the stock market, benefited from the traction of the electric vehicle manufacturer. Some companies, however, warn of a deterioration in the situation in the coming months.
In Europe, the stock markets closed this Thursday with slight losses except for Paris, which rose, on a day marked by the decision of the ECB to raise its main interest rates to combat inflation. Paris gained 0.27%, London lost 0.09%, frankfurt yielded 0.27%, Madrid dropped 0.45% and Milan fell 0.71%.
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AFP
