During the day they continue the publication of balance sheetsthe rise in the US currency led the pharmaceutical Johnson & Johnson cut its adjusted annual earnings forecast IBM Corp. to warn of a nearly $3.5 billion hit.
The actions of IBM fell 6.7% and those of J&J rose 1.6% after exceeding the expectations of quarterly profits presented at the beginning of the day.
Apple shares tried to recover after yesterday’s lowgain 1.9% after falling 2% in the previous session, when a report said the company planned to slow hiring and spending growth next year.
In the second quarter earnings season, Analysts expect the S&P 500’s year-over-year aggregate profit to grow 6%, down from the 6.8% they estimated at the start of the quarter.according to Refinitiv data.
Rising inflation had initially led markets to expect a 100 basis point rise in interest rates at the meeting of the Federal Reserve this month, until some policymakers signaled a 75 basis point increase.
Source: Ambito
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