American stocks rose to Monday, when strong profits overwhelmed the uncertainty about the definitions and the White House pressure on the federal reserve.
The S&P 500 closed by 0.14 %, and the Nasdaq Stock Exchange increased by 0.38 %, which led to peeling gains after touching its highest levels ever. The Dow Jones industrial rate decreased lower, 19 points slide, or 0.04 %.
The return on the cabinet decreased for 10 years 4.7 basis points to 4.384 %. The US dollar fell 0.55 % against the euro and drowned 0.97 % against the yen. And that after the upper parliamentary elections in Japan were not disastrous for the alliance of Prime Minister Shigro Ishiba as he was afraid, although his future is still in doubt.
Gold jumped by 1.52 % to $ 3,409.50 an ounce. American oil prices fell 0.52 % to $ 66.99 a barrel, and Brent lost 0.42 % to $ 68.99.
Verizon helped the market after overcoming quarterly profits and increasing profit expectations for this year. The shares of the giant telecommunications company increased by 4 %.
This is followed by optimistic results last week from large banks such as JPMorgan, which said that American consumers are still flexible despite the opposite winds of definitions.
After the first week of this profit season, 73 % of companies won the profit estimates per share, higher than the average in the first week of 68 %, according to Bank of America.
Other companies that reports this week include Tesla, Alphabet, Intel, Coca-Cola, Lockheed Martin, General Motors, RTX, Northrop Grumman, IBM, AT & T, HoneyWell, Union Pacific.
Meanwhile, Trump’s trade war and his war on the federal reserve are still hanging on the market.
On Monday, Treasury Secretary Scott Bessin CNBC said Commercial conversations move, adding that getting a good deal is more important than the timing of the deal. This may indicate the deadline on August 1, when the high tariff rates may be more flexible.
in The same interviewThe pressure on the head of the Federal Reserve, Jerome Powell, who resisted Trump’s calls for low rates. “The entire Federal Reserve Corporation must be examined,” said Pesin.
This is after the White House accused Powell of mismanagement of renewing the Federal Reserve headquarters, while retracting the suggestions that should be expelled.
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