Indices in the USA Started the Day with an Increase

Indices in the USA started the day with an increase. The higher than expected data affected the increase in the indices.

Indices in the USA started the day with an increase. Indeksler opened positively with the effect of macroeconomic data that were better than estimations. At its opening Thursday, the Dow Jones index gained more than 200 points and gained 0.71 to traded at 30,519.70 points. The S&P 500 index gained 0.76 percent and traded at 3,779.42 points, while the Nasdaq index increased by 0.52 percent and traded at 13,339.09 points. Indices in the American stock market were positive at the opening today, after the sharp decline recorded yesterday. The increase in the indices was influenced by macroeconomic data that exceeded expectations. The US economy grew by 4 percent in the fourth quarter of 2020, in line with market expectations. On the other hand, the country's economy shrank by 3.5 percent in 2020 due to the coronavirus epidemic, showing its worst performance since 1946. The number of applicants for unemployment benefits in the USA decreased by 67 thousand people to 847 thousand in the week ending January 23, compared to the previous week. It was estimated that the data announced above the market expectations would be at the level of 875 thousand. In addition, the balance sheets of US companies for the last quarter of 2020 continued to have an impact on the markets. Apple, one of the US technology companies, announced that it earned over $ 100 billion for the first time in the October-December period of 2020, while Facebook's revenue increased by 33 percent in December last year, reaching $ 28.1 billion. Tesla's revenue, founded by Elon Musk, increased by 46 percent in the fourth quarter of 2020 compared to the same period of the previous year, reaching $ 10.7 billion. American Airlines also reported a loss of $ 2.2 billion in December last year. On the other hand, despite the damage inflicted by American Airlines, the company's shares rose by about 15 percent, due to the balance sheet that was better than worried.