Wall Street ended October at new record highs
Wall Street has a growth October, which ended with a strengthening of new records.
All three major New York indices reached new all-time highs despite Apple and Amazon's results, which disappointed expectations.
The key US index Dow Jones Industrial Average gained 0.25% on Friday and closed at 35,819.56 points. The broader S&P 500 rose 0.19% to 4605.38 points and the Nasdaq Composite technology index rose 0.33% to 15,498.39 points.
All three major US indices closed at record highs and the S&P 500 and Nasdaq recorded the best month since November 2020.
US stocks continued to rise as they managed to spend on the weaker results of two of the largest companies, Apple and
Amazon. Their shares weakened, by 1.8% and 2.1%, respectively.
Apple's sales disappointed market expectations for the first time since May 2017. The weakening of the stock caused Microsoft (+ 2.2%) to overtake Apple and become the largest publicly traded company in the world in terms of market capitalization.
The negative news was also that year-on-year inflation in the United States accelerated to 4.4% in September, the highest since January 1991.
The US stock market was supported by the overall good results of other companies, despite the weaker results of large technology groups.
About half of the companies listed on the S&P 500 have already published quarterly results, and more than 80 percent of them have exceeded analysts' forecasts. Corporate profits on the S&P 500 are expected to grow by 38.6% year-on-year.
All three major US indices have had their fourth positive week in a row and strengthened solidly for the full month after the weakening in September. The
Nasdaq improved 7.2% in October and the S&P 500 6.9%.
The Dow Jones rose 5.8% and has had its best month since March.