Markets By TradingView
10653
0

After a sluggish start, Wall Street has set new records

After a sluggish start, Wall Street has set new records. In late trading profits melted again, and only the Dow closed in positive territory.

After a sluggish start, Wall Street has set new records
Yazar: Tom Roberts

Yayınlanma: 15 Nisan 2021 19:00

Güncellenme: 21 Kasım 2024 23:36

After a sluggish start, Wall Street has set new records

After a sluggish start, Wall Street has set new records. In late trading, however, profits melted again, and only the Dow closed slightly in positive territory. It was supported by Goldman Sachs, who benefited from strong numbers. In addition, JP Morgan and Wells Fargo opened their books and thus gave the starting signal for the reporting season. This was joined by the large-volume IPO of Coinbase in the course of the day. The share of what is currently the largest US trading platform for cryptocurrencies posted massive premiums; At its peak, it was over 70 percent higher than the reference price to $ 429.54, which caused the company's valuation to skyrocket to over $ 100 billion. The stock ended up at $ 328.28, up 31 percent. With statements from the central bank, the courses came back. Fed Chairman Jerome Powell said the US Federal Reserve would cut bond purchases well before the first rate hike. Meanwhile, the Beige Book spoke of a moderate rate of growth and a slight increase in inflation in 2021. The Dow Jones index rose 0.2 percent to 33,731 points. It has set a new record over time, like the S&P 500, which closed 0.4 percent in the red. The Nasdaq composite (minus 1 percent) lagged even more behind rising yields after outperforming the other indices on Tuesday. On the banking side, JP Morgan was the main contributor. The money house was able to quintuple its profit and thus perform better than expected. However, the financial group benefited not least from the release of provisions for loan losses. The price fell by 1.9 percent - since the beginning of the year, however, the stock has risen by over 21 percent. Goldman Sachs (plus 2.3 percent) was also convincing. The investment bank posted a record profit after a six-fold increase, and the doubled income also ensures a record. Equity trading and write-offs in the lending business performed particularly well. Wells Fargo (plus 5.6 percent) delivered first quarter figures above market forecasts. The bank also benefited from the release of loan provisions. "If the fundamentals crystallize in the coming weeks, it should be followed by some really high-profile corporate results and some very strong economic data. The point is to see if the fundamentals are strong enough to warrant what we've seen in the markets," said market strategist Paul O'Connor from Janus Henderson Investors.
En Popüler Haberler

Yorum Yap

Yazılan yorumlar hiçbir şekilde Son Ekonomi Haberleri - Türkiye Dünya - ieconomy.io görüş ve düşüncelerini yansıtmamaktadır. Yorumlar, yazan kişiyi bağlayıcı niteliktedir.

Yorumlar

Henüz yorum yapan yok! İlk yorumu siz yapın...

Borsa, Kripto, Hisse, Emtia ve Döviz Haberleri

ieconomy: Türkiye'nin en kapsamlı ekonomi haber sitesi. Son dakika haberleri ve en güncel haberler ieconomy'da.