Tuesday , May 24 2022

New York Stocks: A positive feeling on the Nasdaq boosting the Dow News


S & P 500 increased 0.64 percent to 2,718.92. At the same time, the Nasdaq index expressed 100 from 1.26 percent to 6855.00 points.

The Empire State Index was better than expected, but the Fountain Funeral index and unemployed weekly applications showed a weaker picture than expected. The retail data was also not enough to convince. Overall, sales were higher than predicted in general, but without selling cars and sales of petrol station, they were weaker, according to Goldman Sachs. Overall, the mixed picture still shows a strong pace of growth, he said.

Among the winners in the Dow, Cisco's shares stood out with more than 4.6 per cent at the top index. The network expert enjoyed its investors with a first strong surprising financial quarter. The bottom line was the earning of almost 50 percent.

JPMorgan shares have benefited with 2.0 percent along with the Warren Buffett star investor's access. This had taken part through its Berkshire Hathaway investment company with a substantial sum of the largest bank in the United States. In the third quarter, the 88-year-old stock market guru investment had bought more than 35 million JPMorgan shares, raising a share worth about $ 4 billion.

For the 3M papers, 1.4 per cent went up. The conglomerate predicts the growth of strong earnings in the coming years. It is expected that the surplus per share will increase from 8 to 11 per cent annually over the next five years.

Walmart shares lost 1.5 per cent in the head of Dow. The main reason is that taking a profit is the main reason, because after a strong third quarter, the retail group now looks optimistic in the Christmas business.

JC Penney papers were restored after a 12 percent discount at the start of the trading and earned 2.7 per cent. However, sales development in the third quarter of the department store group was disappointed


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