The leading index Dow Jones Industrial closed at 30,186 points, up 1.86 percent. The Nasdaq 100, full of tech stocks, rose 3.46 percent to 11,063 points—the highest percentage of daily earnings since July 27.
The US stock market thus continued its recent zigzag trend, which brought it another serious downturn after stabilizing on the Thursday before the weekend. Technical values fell, especially on Friday.
In recent months, the mood in companies has tended to deteriorate. The background is likely to be the Ukraine war, significantly high energy prices and ongoing problems in world trade.
According to the New York regional central bank, companies currently do not expect general conditions to improve over the next six months.
At the start of the new week, the string of figures from major US banks entered the second round. Bank of America surprised to the upside as it weathered the economic turmoil in the third quarter better than experts expected. Despite the high provisions, the bank made only slightly less profits compared to the same period last year.
(SDA)
Source :Blick
I’m Tim David and I work as an author for 24 Instant News, covering the Market section. With a Bachelor’s Degree in Journalism, my mission is to provide accurate, timely and insightful news coverage that helps our readers stay informed about the latest trends in the market. My writing style is focused on making complex economic topics easy to understand for everyone.
