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Wall Street opens in green and the Dow Jones rises 0.23%

Wall Street opened in the green and the Dow Jones Industrials, its main indicator, rose 0.23%, when it is on track for its tenth consecutive day of gains, a feat that has not happened since August 2017.

Ten minutes after the start of operations on the New York Stock Exchange, the Dow Jones stood at 35,305 units and the selective S&P 500 added 0.37%, up to 4,551 points.

For its part, the composite index of the Nasdaq market, in which the main technology companies are listed, added 0.55%, up to 14,140 integers.

This week has been loaded with business results and investors are scrutinizing this data with a magnifying glass.

This morning it was American Express’ turn, the company reported second-quarter earnings of $2.89 per share on revenue of $15.054 billion, but analysts polled by Refinitiv expected earnings per share of $2.81 on revenue of 15.480 million dollars.

According to FactSet data, 63% of S&P 500 companies have already reported exceeding analyst expectations.

By sectors, the greatest gains were for technology and public services, which rose 0.64% and 0.58% respectively, while the only loss was for raw materials, which subtracted 0.16% .

Among the 30 Dow Jones stocks, the companies with the biggest losses were American Express (-3.5%) and Goldman Sachs (-0.39%), while the biggest gains were for Intel (1.53%) and Chevron ( 1.23%).

Source: Elcomercio

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