The main stock indices of the US market closed this Friday with strong gains. Wall Street achieved the green in a week of high volatility, which was marked by the first monetary policy announcement of the Federal Reserve, which showed an even more restrictive tone in its communication.
The market reference S&P 500 of 500 values, closed this day with an advance of 2.43% to 4,431.85 units. main index Dow Jones, made up of the shares of 30 industrial giants, rose 1.65% to 34,725.47 units. The Nasdaq, which groups together large technology companies, rose 3.13% to 13,770.57 points.
The markets have shown strong volatility in recent days that some analysts say is evidence of an indecision between good economic news, geopolitical tensions, favorable financial results in the reports of large issuers and the expectation of higher interest rates.
The indices reversed a negative week and added moderately. The S&P 500 rose 0.77%; the Dow Jones, 1.35%, and the Nasdaq, a marginal 0.01 percent. The performances of large issuers in the quarter had a lot to do with this upturn, especially those presented by Apple Inc and Microsoft Corp.
Shares of Apple ended the day with a strong advance of almost 7% after having announced that its net profit grew 64% in 2021. The shares of rival Microsoft rose 2.81% after a report published on Wednesday that also exceeded expectations. that the market had.
“There is a lot of uncertainty and that has contributed to the volatility,” said Baird analyst Ross Mayfield. “The fundamentals of companies and the economy are still pretty strong, but there are a lot of elements slipping through, whether it’s earnings, inflation, the Fed and geopolitical tension,” he said.
Fourth-quarter earnings reporting season enters its high point, with 168 of the S&P 500’s constituents reporting numbers. Of those, 77% have reported results that have exceeded consensus expectations, according to Refinitiv data.
jose.rivera@eleconomista.mx