The three major American indices recorded increases when they closed the penultimate session of the week yesterday, Thursday, October 14, as the Dow Jones rose by more than 500 points, supported by the season of the beginning of companies and financial institutions announcing their results for the third quarter of this year, in addition to the positive data issued by the American economy represented in the decline in claims Weekly unemployment to the lowest number since March of last year at 293 thousand.

Financial institutions began announcing their financial results since the beginning of the week, as Bank of America, Citigroup and Morgan Stanley announced their financial results yesterday, Thursday, in addition to Wells Fargo and some American institutions and companies, which mostly exceeded expectations to support the rises of American stocks.

Bank of America posted a net profit of $7.3 billion, with earnings per share of 85 cents (expectations at 71 cents), bringing the bank’s share up by 4.47% at the close.

Morgan Stanley Bank, in turn, announced profits of $3.7 billion in the third quarter ending in September, bringing the share to $1.98, compared to expectations of $1.69 per share. .

Citigroup also announced profits that exceeded estimates, revenues estimated at 17.15 billion dollars, and earnings per share of about 2.15 dollars (expectations 1.65) in the third quarter, bringing the company’s share to 0.75%.

Institutions continue to announce their results today, Friday, as Goldman Sachs will announce its results today, in addition to many institutions and companies.

The Dow Jones Industrial Average closed yesterday’s session, up by about (534) points, at the close at 34.912 levels, with gains of about 1.56%, and it is now trading in the futures for today’s session, Friday, at 34.898 levels, up by about 114 points.

While the S&P 500 index recorded highs at the close at 4.438 levels, up by about (74 points) or 1.71, and it is now trading in futures at 4.445 levels, up by about 16 points.

While the Nasdaq index recorded gains of 251 points to close the session at 14,823 points, recording increases of about 1.73%, and it is now trading at 15.097 levels, up by about 60 points.