Wall Street’s main indexes advanced on Monday as investors awaited key economic data and this week’s main corporate results. On the local scene, expectations are growing in the run-up to 22-O.
The Argentine companies that are listed in Wall Street rise up to 5% in the middle of the local holiday and on a day of four key days of high expectation before elections on October 22. This behavior could offer some clues about how Argentine assets will behave.
Profits are led by Galicia Financial Group up to 4.6%, followed by Cresud at 4.2% and Banco Supervielle 3.5%. Meanwhile, the Sovereign bonds They advance with slight increases of up to 1.6% led by Bonar 2038, followed by Bonar 2035 at 0.6% and Global 2030 at 0.3%. Thus, the risk country remains at 2,506 basis points.
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Wall Street on the rise
The main indices of Wall Street advanced on Monday as investors waited key economic data and this week’s major corporate earnings for clues about the U.S. economy, while keeping an eye on the conflict between Israel and Hamas.
He Dow Jones Industrial Average rose 225.11 points, or 0.67%, to 33,895.40 units, the S&P 500 gained 23.95 points, or 0.55%, to 4,351.73 units and the Nasdaq Composite added 76.83 points, or 0.57%, to 13,484.06 units.
The returns of the Treasury bond Long-term stocks rose as the United States scrambled to avoid an escalation in tensions, with Secretary of State Antony Blinken arriving in Israel for talks after senior officials in Washington warned the conflict could worsen.
This week the results of the banks Goldman Sachs, Bank of America, Morgan Stanley pharmaceutical giant Johnson & Johnson, automaker Tesla and video streaming pioneer Netflix.
The amega cap stocks Microsoft, Meta Platforms, Alphabet, Amazon.com rose more than 1% each, although Apple fell 0.6% after news that the company’s iPhone had a disappointing start in China.
Investors are also awaiting economic data, such as retail sales for September and the Philadelphia Fed business index for October.
The data showed that the New York Federal Reserve’s “Empire State” index, an indicator of manufacturing activity in New York state, fell to -4.60 in October, compared to the expectation of -7.The sector Industrials and consumer discretionary were among the most bullish of the major S&P 500 sectors, while utilities and real estate fell.
Moderna reaffirmed its COVID vaccine sales forecast of between $6 billion and $8 billion for the year. The company’s shares fell 3.9%.
Source: Ambito
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