News Formal

Wall Street logs gains Monday on strong earnings

  • 📰 latimes
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 82%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Healthcare and energy companies helped push stocks higher Monday, as Wall Street kicked off the first trading day in May with more gains after a four-month winning streak.

A cold storage plant in Los Angeles’ Arts District would be replaced with housing, offices, a hotel and shops in a proposed mega-development called Fourth & Central.The S&P 500 rose 11.49 points to 4,192.66. The benchmark index’s latest gains follow a 5.2% surge in April, its best month since November 2020, when President Biden was elected. It logged a gain of about 28% from November through April.

Smaller companies, which have outgained the broader market this year, also had a good showing. The Russell 2000 index picked up 11 points, or 0.5%, to 2,277.45. More than half of the companies in the S&P 500 have reported their results this earnings season, which show profit growth of 54% so far, according to FactSet.

Among the biggest gainers Monday were oilfield services company Baker Hughes, which vaulted 8%, clothing retailer Gap Inc., which jumped 7.2%, and flooring manufacturer Mohawk Industries, which climbed 7.5%.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

SOSColombia SOSColombiaDDHH

SOSColombia SOSColombiaDDHH DuqueAsesino help

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 11. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

The Exchange: Finance far away from Wall StreetIt’s not often we hear from the boss of a finance business based in Milwaukee. Even more unusual is to find one that is owned by its customers. Rob Cox chats with Northwestern Mutual CEO John Schlifske about investing, interest rates, ESG and the benefits of mutual ownership.
Källa: Breakingviews - 🏆 470. / 51 Läs mer »