The stock exchanges in New York started the trading day with small pluses. Investors processed quarterly figures from Microsoft and American Express, among others. In addition, trade troubles between the United States and China and tensions with Iran remain hanging over the market, and President Donald Trump again criticized the Fed’s interest rate policy.
The Dow-Jones index was 0.3 percent higher in the opening minutes at 27,305 points. The broader compiled S&P 500 index also won 0.3 percent to 3003 points. Nasdaq technology level meter rose 0.4 percent to 8240 points.
Investors rewarded Microsoft with an increase of 2.2 percent. The software company boosted sales and made more than half the profit. The technology group mainly benefited from the sharp increase in revenues from Azure cloud services.
Boeing rose 2 percent after the aircraft manufacturer announced that it had set aside $ 4.9 billion due to the crisis surrounding the 737 MAX aircraft. Boeing expects to need that money to compensate airlines for the damage they suffer because the 737 MAX has had to stay on the ground for months.
American Express also gave a glimpse into the books and fell 0.9 percent. The credit card provider benefited from the fact that customers spent more with their American Express card and also borrowed more from the company. Turnover and profit increased as a result.
Nicholas de Krammer, а self-taught economic analytic with heave mathematical background. Math behind the economics (and economics behind math) is the strong side of the author. Contact him at [email protected]