{"id":306813,"date":"2021-07-23T23:57:03","date_gmt":"2021-07-23T20:57:03","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/wall-street-notches-record-closing-high-on-earnings-economic-strength\/"},"modified":"2021-07-23T23:57:03","modified_gmt":"2021-07-23T20:57:03","slug":"wall-street-notches-record-closing-high-on-earnings-economic-strength","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/wall-street-notches-record-closing-high-on-earnings-economic-strength\/","title":{"rendered":"#Wall Street notches record closing high on earnings, economic strength"},"content":{"rendered":"

“#Wall Street notches record closing high on earnings, economic strength<\/strong>”<\/p>\n

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Wall Street gained ground for the fourth straight session on Friday, extending a rally that pushed all three major U.S. stock indexes to record closing highs as upbeat earnings and signs of economic revival fueled investor risk app<\/a>etite.<\/p>\n

The S&P 500, the Nasdaq and the Dow all notched weekly gains.<\/p>\n

\u201cWe see a continuation of the last couple days. It\u2019s roller coaster in reverse. We did the drop first, and we\u2019ve been climbing back to the top ever since,\u201d said Chris Zaccarelli, chief investment officer at Independent Advisor Alliance in Charlotte, North Carolina.<\/p>\n

Growth and value stocks seesawed for much of the week as market participants weighed spiking infections of the COVID-19 Delta variant against strong corporate results and signs of economic revival.<\/p>\n

\u201cThere\u2019s push and pull, there\u2019s clearly conflict in the market,\u201d Zaccarelli added. \u201cThere\u2019s a strong difference of opinion as to whether the future\u2019s bright or whether there are clouds on the horizon.\u201d<\/p>\n

Market participants now look toward next week with the Federal Reserve\u2019s two-day monetary policy meeting and a series<\/a> of high-profile earnings.<\/p>\n

The Fed\u2019s statement will be parsed for clues regarding the timeframe for tightening its accommodative policies, although Chairman Jerome Powell has repeatedly said the economy still needs the central bank\u2019s full support.<\/p>\n

\n
\"Wall
Strong earnings pushed Wall Street to new record highs Friday, with other high-profile earnings expected next week including Tesla, Apple, Alphabet, Microsoft and Amazon.<\/figcaption>
Getty Images<\/span><\/figcaption><\/figure>\n<\/div>\n

Unofficially, the Dow Jones Industrial Average rose 238.34 points, or 0.68%, to 35,061.69, the S&P 500 gained 44.33 points, or 1.02%, to 4,411.81 and the Nasdaq Composite added 152.39 points, or 1.04%, to 14,836.99.<\/p>\n

Second-quarter reporting season is firing all pistons, with 120 of the companies in the S&P 500 having reported. Of those, 88% have beaten consensus, according to Refinitiv.<\/p>\n

\u201cWe\u2019re seeing companies, on average, beat on the top and on the bottom line,\u201d Zaccarelli said. \u201cWe\u2019re seeing the resilience of the consumer and that\u2019s been the story of the earnings season so far.\u201d<\/p>\n

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\"Snap
Second-quarter reporting season is firing all pistons, including for Snapchat parent Snap Inc.<\/figcaption>
Getty Images<\/span><\/figcaption><\/figure>\n<\/div>\n

Analysts now expect aggregate year-on-year S&P 500 earnings growth of 78.1% for the April to June period, a sizeable increase from the 54% annual growth seen at the beginning of the quarter.<\/p>\n

Shares of chipmaker Intel Corp fell after said late Thursday that it still faces supply constraints and provided disappointing guidance.<\/p>\n

American Express Co gained following the release second-quarter results, which handily beat expectations on the strength of a global recovery in consumer spending.<\/p>\n

Social media<\/a> firms Twitter Inc and Snap Inc advanced on the back of their upbeat results.<\/p>\n

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\"Twitter
Twitter earnings also had its shares making gains in the market.<\/figcaption>
Getty Images<\/span><\/figcaption><\/figure>\n<\/div>\n

Those reports gave a boost to shares of Facebook Inc, which is due to post second-quarter results next week.<\/p>\n

Other high-profile earnings expected next week include Tesla Inc, Apple Inc, Alphabet Inc, Microsoft Corp and Amazon.com.<\/p>\n

Industrials Lockheed Martin Corp, Boeing Co, Ford Motor Co, General<\/a> Dynamics Corp, 3M Co Caterpillar Inc, Chevron Corp and Exxon Mobil Corp, along with a host of healthcare, consumer goods and others, are also on deck.\n <\/p><\/div>\n

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Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

“#Wall Street notches record closing high on earnings, economic strength” Wall Street gained ground for the fourth straight session on Friday, extending a rally that pushed all three major U.S. stock indexes to record closing highs as upbeat earnings and signs of economic revival fueled investor risk appetite. The S&P 500, the Nasdaq and the…<\/p>\n","protected":false},"author":1,"featured_media":306814,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/07\/street-hits-new-records.jpg?quality=90&strip=all&w=1200","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[112638,73977,72332,71294,76705,70359,10401,70360],"class_list":["post-306813","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-7-23-21","tag-dow-jones-industrial-average","tag-nasdaq","tag-records","tag-snap-inc","tag-stocks","tag-twitter","tag-wall-street"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/306813","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=306813"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/306813\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/306814"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=306813"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=306813"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=306813"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}