Investors await the results of the world’s largest technology companies and important economic data. They also monitor the conflict in the Middle East.
The main Wall Street indices gain ground after the fall of the 10-year US Treasury bond yield after reaching the crucial 5% mark at the start of the wheel, as investors await the results of the largest technology companies of the world and important economic data.
He 10-year note yield It reached the July 2007 mark and then stood at 4.8%. The profitability of two- and 30-year papers also advanced to 5.1% and 5%, respectively.
He Dow Jones Industrial Average it gains 37.83 points, or 0.1%, to 33,165.11 units. He S&P 500 advances 15.77 points, or 0.4%, to 4,239.93 units, and the Nasdaq Composite rises 80.70 points, or 0.6%, to 13,064.50 units.
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New York Stock Exchange
He S&P 500 fell below 4,200 points, a technical level that markets believe could trigger further losses towards the 4,000 point area.
The focus will remain on the earnings season, which has so far been largely positive. Four of the “Magnificent Seven”, who have helped boost the S&P 500 in 2023 they present their results this week.
Of the 86 S&P 500 companies that have presented their results so far in the third quarter, 78% have exceeded analyst estimatesaccording to LSEG data.
The manufacturer of Intel chipsthe oil company Exxon Mobil, General Motors are other large companies that will present results this week.
Wall Street with an eye on the Middle East and key economic data
Investors also closely followed the tensions in the Middle Eastafter Israel bombed Gaza and also attacked southern Lebanon overnight, in signs that the conflict was spreading.
The publication of GDP US, scheduled for Thursday, will be followed by the market given expectations that the economy will grow at a rate of 4.2% in the third quarter, which could justify a more restrictive monetary policy.
You will also know the personal consumption expenditure price index (PCE) – the preferred inflation indicator of the Fed– for September, at the end of this week.
Source: Ambito
