Quarterly reports push Wall Street. US GDP in sharp slowdown

Quarterly reports push Wall Street US GDP in sharp slowdown

(Finance) – Wall Street stocks had a higher session, boosted by some better-than-expected quarterly earnings, while the preliminary GDP reading showed a sharp slowdown in the US economy in the first quarter. The data comes a few days after the meeting of the Federal Reserve on interest rates. The market estimates that the preliminary reading of the GDP will influence the monetary policy decisions of the US central bank.

Meanwhile, the labor market remains strong: The number of workers filing for unemployment benefits for the first time in the week ending April 22 fell more than analysts expected.

Among US indices, the Dow Jones advances to 33,434 points; along the same lines, theS&P-500 it advances fractionally, reaching 4,082 points. Salt the NASDAQ 100 (+1.12%); as well, positive theS&P 100 (+0.91%).

The sectors are distinguished in the S&P 500 basket telecommunications (+3.53%), financial (+0.76%) and secondary consumer goods (+0.74%).

To the top between Wall Street giants, Honeywell International (+2.64%) and Apple (+1.24%).

The strongest declines, however, occur on Home Depotwhich continues the session with -2.79%.

Without momentum Merckwhich trades with -2.66%.

United Health is stable, reporting a moderate -1.82%.

Cautious tread for Chevronswhich shows a performance of -1.78%.

Between best performers of the Nasdaq 100, Meta Platforms (+13.49%) boosted by the above-expected quarterly published on closed markets. Well also KLA-Tencor (+7.44%), Comcast Corporation (+3.72%) and eBay (+3.55%).

The worst performances, however, are recorded on Align Technologywhich gets -8.98%.

Heavy Sirius XM Radiowhich marks a drop of as much as -4.38 percentage points.

In red NXP Semiconductorswhich shows a marked decrease of 3.79%.

The negative performance of Microchip Technologywhich drops by 3.45%.

tlb-finance