Wall Street closed yesterday in green, with the main indicators driven by lThe positive quarterly results of large companies such as Morgan Stanley, which rose 7%, or United Airlines, which soared 15%.
(Read more: What the UVT is equivalent to in 2024 and how much it has increased in recent years)
At the close of the New York stock market, the Dow Jones rose 0.78%, to a record of 43,077 points; The selective S&P 500 rose 0.47%, to 5,482 units, and the technological Nasdaq added 0.28%, to 18,367 points.
Morgan Stanley exceeded expectations in the third quarter, the most followed by analysts, with profits of 3,188 million dollars (32% more year-on-year) and sales of 15,383 million (16% more) driven by its investment banking. The results of the big banks, generally good, suggest the US economy is headed for a soft landing and that lower interest rates will benefit companies.
(Read more: How viable would it be for the Colombian economy to eliminate holiday weekends?)
Morgan Stanley
(More news: Grupos Argos and Sura would consider moving their stakes in their properties)
Meanwhile, United Airlines reported a quarterly profit of 965 million dollars (15% less) and revenues of 14,840 million (2.5% more), in both cases exceeding estimatesand announced its first share buyback since the pandemic, of 1.5 billion.
According to specialized media, the large US listed companies are buying their own shares at such a rate that they could achieve a record in 2024, and At the moment the repurchase plans total 1.1 trillion dollarsaccording to the analysis firm EPFR.
By sectors, the greatest gains were for public services companies (2%) and financial companies (1.2%), and the most significant losses were in communications companies (-0.4%).
(Read more: Minimum Wage: the countries that have the highest income in Latin America)
EFE
Add Comment