The NY stock market closes in green and the Dow Jones rises 1.06%

Wall Street ended yesterday in positive territory and the Dow Jones, its main indicator, rose 1.06%, and posted its seventh consecutive day of earnings, buoyed by a better-than-expected season of results.

(See: Colombian economic activity recorded a slight recovery in May).

Upon completion of operations in NY, the Dow Jones stood at 34,952 points, while the selective S&P 500 gained 0.71%, up to 4,555 integers, and the Nasdaq market composite index rose 0.76% to 14,354 units.

Before opening the bag, Bank of America reported better results than analysts expected thanks to higher interest rates and its shares closed the day up more than 4%.. For its part, Morgan Stanley’s quarterly results released yesterday beat expectations in both revenue and adjusted earnings per share and its shares rose 6.4%.

These Announcements are added to last week from other large US banks such as JPMorgan Chase, Wells Fargo and Citigroup, which also posted solid earnings.

(See: The NY stock market ends in green pending results of companies).

The announcement is expected tomorrow companies like Johnson & Johnson and American Airlines. By sectors, the increases in technology (1.26%) and financials (1.14%) stood out, while losses were led by the real estate sector (-0.83%) and public services (-0.78%) .

Among the 30 Dow Jones stocks, the biggest gains were for Microsoft (4%), UnitedHealth (3.3%) and Goldman Sachs (3.1%), while the most important losses were for Honeywell International (-1.4%), Visa (-1.3%) and Coca-Cola (-0.4%).

(See: Increased concern of Colombians for prices of basic goods).

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