After the worst performance of US indices in 2023 last week, US markets recorded gains when they closed the trading session of the opening session yesterday, Monday, February 27th, ignoring the rise in expectations of a stronger pace of monetary tightening from the US Federal Reserve after the recent inflation figures, as the Dow Jones index compensated for some of its losses, which exceeded 3%.

% last week amid anticipation of many companies and financial institutions’ announcements of their quarterly results this week. In terms of economic data, durable goods orders, according to the US Census Bureau report issued a moment ago, contracted in January, below market expectations, by 4.5%, or 13 billion, to reach $272.3 billion on a monthly basis, after a growth of about 5.6% in May, while basic orders rose excluding transportation. It recorded a rate of 0.7% from a decline of 0.2% in December.

On the other hand, pending home sales in the United States increased by 8.1% in January, the largest pace of growth since June 2020.

Occidental Petroleum, the shale oil giant, announced its quarterly results in the opening session on Monday, achieving earnings per share at $1.61, below expectations of $1.80.

On the other hand, Zoom Video’s stock rose by more than 7% in after-hours trading, after the company announced revenues of $1.117 billion in the fourth quarter of last year, and earnings per share of $1.22, better than expectations of $0.81.

Shares of American Cinemas AMC rose more than 20% at the close before announcing its results today, Tuesday, after the court in Delaware said that it will hold a hearing on April 27, which is likely to delay the date for converting APE convertible units into ordinary shares.

Companies and financial institutions continue to announce their quarterly results for the second quarter of the year, as Dell, IMC, Target, Okta, and a number of companies will announce their results during this week’s sessions.

The Dow Jones Industrial Average (Dow) closed up by about (72 points) when closing at 32.889 levels, with gains of about 0.22%, while the S&P (S&P500) index recorded (increases by about 0.31% when closing at 3.982 levels, while the Nasdaq index recorded gains of 0.63). % when closing at 11.466 levels.