Major Wall Street stocks closed higher on Monday, with the Nasdaq technology jumping 3.4%, somewhat reducing its heavy losses for January, which almost went down in history as the worst month since the global financial crisis. of 2008.
The technology index, despite its current rally, closed in January with a total loss of 9%, recording the worst monthly performance since March 2020.
At the same time, the industrial Dow lost 3.3% on a monthly basis, while the S&P 500 closed in January with a total loss of 5.3%, also the worst performance since March 2020 when the first wave of the coronavirus pandemic pounded USA.
Speculation about the Federal Reserve’s next move in its campaign to curb inflation has plunged the US market into deep red in early 2022. Most analysts expect the US Federal Reserve to raise interest rates at least four times this year, starting the year. March, however, does not lack the voices that believe that the Fed will make even more increases, possibly pushing the growth rate of the economy.
Indicators – Statistics
On the board, the industrial Dow Jones added 406.39 points or 1.17% and closed at 35,131.86 points, while the broader S&P 500 gained 83.70 points or 1.89% at 4,515.55 points. The technological Nasdaq with a jump of 469.31 points or 3.41% climbed to 14,239.88 points.
Of the 30 stocks that make up the Dow Jones industrial average, 23 closed with a positive sign and seven with a negative. The biggest gainer was Boeing with gains of $ 9.67 or 5.07% at $ 200.24, followed by Salesforce.com at $ 232.63 with gains of 4.73% and Walt Disney at 142, $ 97 with an increase of 3.13%.
On the other hand, the three stocks with the biggest losses were Walgreens Boots Alliance (-1.39%), Amgen (-0.87%) and Visa (-0.80%).
Meanwhile, investors are expecting another barrage of corporate results in the coming days, with giant companies such as Alphabet, Amazon, Exxon Mobil, Ford, Meta Platforms, and Qualcomm among others, announcing their financial figures for the previous days. Semester.
Of the 172 companies in the S&P 500 index that have announced their results so far, 81% confirmed or exceeded analysts’ estimates, according to Bloomberg. Profits are about 5% above the forecast levels.
Source: Capital
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