US stock indices recorded gains at the close of the trading session yesterday, Thursday, July 29 (July), ignoring the US GDP reading for the second quarter of this year, which came in less than market expectations, and the Dow Jones Industrial Average exceeded the 35 levels at the close.
The data released yesterday, Thursday by the Bureau of Economic Analysis in the United States of America, showed an increase in the US gross domestic product in the second quarter of this year ending in June, in the preliminary estimated reading, at a rate of 6.5%, compared to 6.4% in the first quarter, to come less than the expectations of the markets that indicated An increase of 8.5%.
Companies and financial institutions continue to disclose their financial results for the second quarter of this year, as the e-commerce giant in the world announced its quarterly results, as the company achieved a net profit of 7.77 billion dollars and earnings per share of 15.12 dollars, compared to 12.30 dollars (analysts’ expectations), while The company recorded revenues of 113.08 billion dollars (expectations 115.2 billion dollars), the company’s shares fell by more than 6% after the market closed.
The markets are awaiting the announcement of Exxon Mobil, Caterpillar and many companies during the closing session of the week today, Friday.
The Dow Jones Industrial Average closed the session yesterday, up by 153 points, at the close at 35.084 levels, with gains of about 0.44%, and it is now trading in the futures for today’s session, Friday, at 34.822 levels, down by about 152 points.
While the S&P 500 index recorded highs at the close at 4.419 levels, an increase of about (18) points or 0.42%, and it is now trading in futures at 4.373 levels, down by about 38 points.
While the Nasdaq index recorded gains of (15 points) to close the session at 14.778 points, recording gains of about 0.11% and is now trading at 15,832 levels.
07/11/2024
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