The American stock market is cautious. Focus on quarterly reports

The American stock market is cautious Focus on quarterly reports

(Finance) – Wall Street was substantially stable, continuing the session at the levels seen on the eve, with investors’ focus still concentrated on central banks and inflation. The Dow Jones which stops at 33,979 points; on the same line, stay flat theS&P-500, with the quotations standing at 4,152 points. On the levels of the eve the NASDAQ 100 (-0.01%); along the same lines, it consolidates the levels of the previousS&P 100 (+0.04%).

In the meantime, the quarterly season continues with the accounts of Goldman Sachs with an 18% drop in profits in the first quarter, still higher than analysts’ expectations, but revenues were disappointing. Positive results, however, for Bank of America exceeded consensus estimates.

In light of the North American S&P 500 the sub-fund power. In the list, the worst performances are those of the sectors telecommunications (-0.64%), sanitary (-0.62%) and utilities (-0.61%).

To the top between Wall Street giants, JP Morgan (+1.09%), boeing (+0.91%), Home Depot (+0.87%) and American Express (+0.65%).

The worst performances, however, are recorded on Johnson & Johnsonwhich gets -2.70%.

Basically weak Verizon Communicationwhich recorded a decrease of 1.10%.

It moves below parity Goldman Sachsshowing a decrease of 1.07%.

Moderate contraction for Walgreens Boots Alliancewhich suffers a drop of 1.03%.

Between best performers of the Nasdaq 100, Nvidia (+2.89%), Marvell Technology (+2.82%), AirBnb (+2.35%) and PDD Holdings (+2.09%).

The strongest declines, however, occur on Sirius XM Radiowhich continues the session with -3.76%.

Sales on Atlassianwhich records a drop of 2.78%.

Bad sitting for Warner Bros Discoverywhich shows a loss of 2.13%.

Under pressure Rivian Automotivewhich shows a drop of 2.06%.

Among macroeconomic appointments which will have the greatest influence on the performance of the US markets:

Tuesday 04/18/2023
2.30pm USA: Building permits (expected 1.45 million units; previous 1.55 million units)
2.30pm USA: Opening of construction sites (expected 1.4 million units; previous 1.43 million units)

Wednesday 04/19/2023
4.30pm USA: Oil Inventories, Weekly (Exp -583K barrels; Previous 597K barrels)

Thursday 04/20/2023
2.30pm USA: PhillyFed (exp. -20 points; previous -23.2 points)
2.30pm USA: Initial Jobless Claims, Weekly (Expected 240K; Previously 239K).

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