Dow rises after strong earnings results
Stocks rose Tuesday, when a number of large companies reported quarterly results beating Wall Street expectations.
<p class = "canvas competence textile Mb (1.0em) Mb (0) – sm Mt em) – sm" type = "text" content = "S & P 500 ( ^ GSPC ) achieved 0.17%, or 4.9 points, from 1[ads1]1:15 ET, led by advances in finance and engineering sectors. "Data-response time =" 16 "> S & P 500 (^ GSPC) received 0.17%, or 4.9 points, from 11:15 ET, led by advances in the finance and technology sectors.
<p class = "canvas -atom lerret-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "The Dow ( ^ DJI ) rose 0.17% or 44.68 points, as shares in the component company Johnson & Johnson ( JNJ ) advanced following an optimistic quarterly report. Decline in shares of UnitedHealth Group, which had increased in the early days trade, has not increased the gain in the index. Nasdaq ( ^ IXIC ) advanced 0.4% or 31.6 points. "data-response time =" 17 "> Dow (^ DJI) rose 0.17% , or 44.68 points, as shares in the component company Johnson & Johnson (JNJ) advanced following an optimistic quarterly report. However, a decline in shares in UnitedHealth Group, which had increased during early trading, has shorter gains in the index. Nasdaq (^ IXIC) advanced 0.4% or 31.6 points.
<p class = "canvas-atom canvas text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Positive earnings results delivered Tuesday morning from large financial firms, including Bank of America ( BAC ) and BlackRock ( BLK ) helped fuel investor optimism at the start of another earnings season, countering some concerns after Goldman Sachs ( GS ) and Citigroup ( C ) earlier this week posted disappointing results . "Data-reactid =" 18 "> Positive earnings results delivered Tuesday morning from large financial firms, including Bank of America (BAC) and BlackRock (BLK), contributing to fuel investor optimism at the beginning of another earnings season, offset some concerns after Goldman Sachs (GS) and Citigroup (C) earlier this week posted disappointing results.
Investors generally expect the company's profits to shine last year and monitor the performance results to measure the extent of the downturn. The result is expected to fall by 4.9%, and the overall increase in S & P 500 earnings per share is expected to decline by 2.7% over the first quarter of 2019 earnings season, Jonathan Golub, Credit Suisse's chief US equity strategist, wrote. in a note. But finance is one of four sectors analysts expect to deliver positive EPS growth, along with Industry, Health and REITS, he added.
<p class = "canvas component textile Mb (1.0em) Mb (0)) – sm Mt (0.8em) – sm" type = "text" content = "Companies including Netflix ( NFLX ) , IBM ( IBM ) and United Continental ( UAL ) are set to report results by clock on Tuesday. "Data-reactid =" 20 "> Businesses like Netflix (NFLX), IBM (IBM) and United Continental (UAL) are set to report results by clock on Tuesday.
Bond yields, which are reversed at prices, stabilized after several Federal Reserve officials have delivered positive reviews of the domestic economy, and the proposed references could remain on hold for some of next year.
<p class = "canvas-atom canvas text Mb (1.0em) Mb) – sm Mt (0.8em) – sm" type = "text" content = "Chicago Fed President Charles Evans told CNBC & nbsp; Monday, he "could see" the reference Fed funds rate "flat and unchanged" into the fall of 2020 to contribute to inflation prospects, which have recently undergone Fed's 2% target. " Chicago Fed President Charles Evans told CNBC on Monday that he could see the benchmark Fed funds "flat and unchanged" in the autumn of 2020 to help keep track of inflation, which has recently hit the Fed's 2% target.
Evans said he sees economic growth slowing to around 2% this year, from 3.1% last year, but added that the US labor market remains strong and that he is not worried about a recession.
<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Boston Fed Chairman Eric Rosengren, another election member In this year's Federal Open Market Committee, also pointed to lower-than-targeted inflation in a speech delivered Monday in North Carolina, but Rosengren noted that the lack of inflation target is "relatively modest" and said "in many respects the economy does it pretty good "in relation to Fed's dual mandate for stable prices and maximum sustainable employment." data-reaction time = "24"> Boston Fed Chairman Eric Rosengren, another voter member of this year's Federal Open Market Committee, also pointed to lower than Targeted inflation in a speech delivered Monday in North Carolina. Rosengren noted, however, that the lack of the inflation target is "relatively modest" and said that "the economy is in many respects good" compared to the Fed's dual mandate for stable prices and maximum sustainable employment.
Bond yield edged over the curve, with the yield of 10-year government bond increasing 3.2 basis points to 2.585%, from Tuesday morning.
STOCKS
<p class = "canvas textile (19659009) BAC -2.26%) reported quarterly results which beat Wall Street's expectations performed by strong The company delivered quarterly earnings of NOK 7.3 billion, or 70 cents per share, and beats expectations at 66 cents per share, with revenues of $ 23.1 billion in line with expectations. delivered a 25% increase in profits last year to $ 3.2 billion, but shares fell around the market as CFO Paul Donofrio said during a conversation with investors that net interest income is expected to fall over the rest of the year to about half of last year's 6% growth "Data React =" 27 "> Bank of America ( BAC -2.26%) reported quarterly results which beat Wall Street expectations, performed by strong consumer loans and deposit activity. records quarterly earnings of $ 7.3 billion, or 70 cents per share, and beats expectations of 66 cents per share. $ 23.1 billion in revenue was in line with expectations. The company's consumer lending business – the largest segment – delivered a 25% increase in profits over last year to $ 3.2 billion. But shares fell around the market as CFO Paul Donofrio said during a conversation with investors that net interest income is expected to fall over the rest of the year to about half of last year's growth of 6%.
New York, USA – April 7, 2018: Street View at Bank of America Department in NYC with People Waiting , pedestrians crossing, crosswalk, bike, road on Manhattan
<p class = "canvas-fabric clay text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text "content =" BlackRock ( BLK + 2.71%) surpassed consensus expectations for quarterly earnings as their assets under management grew & $ 6.61 earnings per share hit expectations at $ 6.13, while $ 3.34 billion in revenue was in line with expectations. nsusestimater. Blackrock's first quarter had $ 65 billion in net net inflow across product types, higher than the $ 54.63 billion company brought in the year before. BLK + 2.71%) surpassed consensus expectations for quarterly surpluses as assets increased sequentially. Earnings per share of $ 6.61 hit expectations at $ 6.13, while $ 3.34 billion in revenue was in line with consensus estimates. The first quarter saw $ 65 billion in net net inflow across product types, higher than the $ 54.63 billion company brought in the year before.
<p class = "lerretskomponent lerrettekst Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = " UnitedHealth Group ( UNH -4.49% exceeded Wall Street expectations on the top and bottom line for the first quarter and increased its full-year forecast for 2019 as the largest insurance company in the country increased its customer base, seeing the year-round adjusted earnings per share between $ 14, 50 to $ 14.75, from $ 14.40 to $ 14.70 earlier The first quarter adjusted $ 3.73 per share earnings hit consensus estimates by 13 cents, while revenue of $ 60.3 billion was higher than expected $ 59.76 billion. In the first quarter, the company added 880,000 new customers. UnitedHealth Group ( UNH -4.49%) outperformed Wall Street expectations on the top and first-quarter bottom lines and increased its full-year forecast for 2019 as the largest insurance company in the country increased its customer base e. Throughout the year, the company sees adjusted earnings per share between $ 14.50 to $ 14.75, from $ 14.40 to $ 14.70 earlier. Quarterly adjusted earnings of $ 3.73 per share hit consensus estimates by 13 cents, while revenue of $ 60.3 billion was higher than the expected $ 59.76 billion. In the first quarter, the company added 880,000 new customers.
ECONOMY
<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = " Industrial production unexpected fell by a seasonally adjusted 0.1% in March, the Federal Reserve reported Tuesday .The consensus economists expected that this way of production, mining and utilities would increase by 0.2% for the month. results gave the index a decline of 0.3% in the first quarter of 2019. Last year, industrial output increased 2.8% in March. "Data Reaction =" 47 "> Industrial output unexpectedly fell by a seasonally adjusted 0.1 In March, the Federal Reserve reported Tuesday. The consensus economists expect that this way of production, mining and tools will increase by 0.2% for the month. March's results reduced the index by 0.3% in the first quarter of 2019. Last year, industrial output rose 2.8% in March.
<p class = "canvas-atom canvas text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = " Production production, which consists of the largest part of of industrial production, was flat in March, after a revised decline of 0.3% in February, consensus economists expecting a 0.1% increase in production output in March. "Data response =" 48 "> Production output, which is the largest part of of industrial production, was flat in March after an upward decline of 0.3% in February. Consensus economists expected a 0.1% decline in production output in March.
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