The NY stock market ended uneven on April 18, although practically stable, after a day with a large volume of company results. The index Dow Jones yielded a marginal 0.03% to 33,977 points, the technological Nasdaq lost just 0.04% to 12,153 unitsand the expanded index The S&P 500 gained 0.09% to 4,155 points.
Last week, three of the largest US banks, JPMorgan, Citigroup and Wells Fargo, announced gains in their quarterly results despite the crisis of confidence that the country is going through after the banking turmoil last month. Last Tuesday it was the turn of Bank of Americawhich announced a net profit of 8,161 million dollars in the first quarter of 202315.4% more than the 7,067 million registered in the same period last year, driven by the increase in interest rates.
(Conflict: how gold became a ‘curse’ for Sudan).
The good performance of the banking sector does not seem to fully convince investors on Wall Street, who are waiting for clearer signs that the ghost of the recession is receding and that China show signs of strength.
(Still slowing down: Home sales fell 61% in March.)
After the market closes, Netflix announced solid subscriber growth, albeit below market expectations, 232.5 million accounts.
(Foreign investment picked up 25% in the first quarter.)
Johnson & Johnson (J&J) reported a net loss of $68 million in the first three months of the year from legal expenses, but improved its 2023 targets after robust sales. While, United Airlines indicated that it lost 194 million dollars in the first quarter, but expects a strong demand for tickets for the rest of the year.
(Colombia will intercede for Venezuela: it will seek to have sanctions lifted).
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