Wall Street Ends Sharply Higher, Powered by Earnings

  • 📰 NEWSMAX
  • ⏱ Reading Time:
  • 44 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 71%

France Nouvelles Nouvelles

France Dernières Nouvelles,France Actualités

Wall Street rallied Monday, kicking off what promises to be a hectic week that includes a heavy earnings docket, economic data and the Federal Reserve's two-day monetary policy meeting.

All three major U.S. stock indexes closed up more than 1%, bouncing back from the previous week's sell-off. Interest rate sensitive megacap stocks provided the most upside muscle.

Analysts now expect, on aggregate, annual third quarter S&P 500 earnings growth of 4.3%, a marked improvement over the 1.6% year-on-year growth seen at the beginning of October. On Tuesday, the Federal Open Markets Committee is expected to convene for a two-day monetary policy meeting, which is expected to culminate in a decision to let the Fed funds target rate stand at 5.25%-5.50%.

The Bank of England and the Bank of Japan would also be announcing rate decisions this week, with the latter set to consider a further adjustment to its yield curve control framework, according to a Nikkei report. According to preliminary data, the S&P 500 gained 49.19 points, or 1.19%, to end at 4,166.56 points, while the Nasdaq Composite gained 143.74 points, or 1.14%, to 12,786.75. The Dow Jones Industrial Average rose 512.02 points, or 1.58%, to 32,927.51.

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 16. in FR
 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Top Wall Street analysts remain optimistic about these five stocksTipRanks’ analyst ranking service pinpoints Wall Street’s best-performing stocks, including Netflix and Nvidia.
La source: NBCLA - 🏆 319. / 59 Lire la suite »

Top Wall Street analysts remain optimistic about these five stocksTipRanks’ analyst ranking service pinpoints Wall Street’s best-performing stocks, including Netflix and Nvidia.
La source: nbcchicago - 🏆 545. / 51 Lire la suite »