Wall Street is poised to end the week on a positive note Friday frankly, thanks to quarterly results exceeded expectations, American places and chaining a fourth week of consecutive increase.
In the late morning, the Dow Jones ahead by 0.6% to 17,602.9 points while the Nasdaq Composite gained 1.9% to 5015.6 points.
Over the whole week, the Dow shows a gain of 2.2% and the Nasdaq rose 2.5%.
‘We opened on a decidedly bullish note after an impressive burst of good quarterly results, “commented one speaker.
On the Nasdaq, alphabet, the new name of Google, has set new records beyond 730 dollars per share after the release last night of quarterly results exceeded expectations.
The current share increased 9.2% to 711.6 dollars.
Also on the hi-tech compartment, Amazon wins 6.8% after also surprised investors by disclosing earnings per share (EPS) of 17 cents better than expected because the consensus expected a loss of 13 cents.
Even Microsoft unveiled better than expected results under its first quarter 2015-2016, the strong development of its activities in the ‘cloud’ that enabled it to limit the contraction of its turnover . Its shares jumped 10.5% in the late morning.
After the reassurances made by Mario Draghi yesterday, the People’s Bank of China again cut interest rates today a measure to counteract deflationary pressures in the country.
These decisions suggesting a continuation of accommodative monetary policies for some time yet, which contributes largely to reassure investors before the Fed meeting next week.
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