Wall Street advances strongly after a mixed opening

The three main indices of the US stock market advanced strongly this Tuesday. Wall Street rises after a mixed open, buoyed by bets on less monetary tightening and a decent quarterly reporting season.

main index Dow Jones, made up of the shares of 30 industrial giants, gains 0.72% to 31,725.17 points. The Extended Reference S&P 500 of 500 securities rises 1.18% to 3,842.05 points. The Nasdaq technological gains 1.76% at the level of 11,145.91 units.

Among the 11 major S&P sectors, real estate, communications and utilities lead gains. Inside the Dow Jones, 26 stocks are up and four are down. Nike stands out, with 3.66%, and American Express, with 3.60 percent.

Investors are still watching third-quarter corporate reports for more signs of the health of the economy. Among others, the figures of some of the big companies in the market were published, such as Coke, 3M y General Electric.

The actions of Coke advance 1.60% after reporting net profit of 2,825 million dollars, 14% more than the 2,471 achieved in the third quarter of 2021. 3M it fell 1.6% after reporting that in the quarter its benefit fell by 3.6% year-on-year.

General Electric shares fell just over 1.5% after reporting a loss in the quarter of 238 million dollars compared to a profit of 1,205 million in the third of 2021. UPs gained more than 2% due to their profit 6% higher at the rate YoY

“According to what has been reported so far, the third quarter aims to exceed the estimates in sales and earnings per share in the vast majority of cases. Although, the risks towards the fourth quarter increase,” the eToro platform explained in a report. .

jose.rivera@eleconomista.mx