Rise in stock markets, a new peak in US indices

The US stock markets continue to rise today, so the Dow and S&P 500 index reached another historic high after opening. The Dow started trading with a rise of nearly 85 points, which is a 0.2 percent plus, the S&P 500 strengthened 0.4 percent, and the Nasdaq 0.6 percent.

Development of the Dow Jones index

Good flash reports support the rise today, the quarterly figures for Facebook, UPS, 3M and GE were also positively received by investors. Although Facebook performed mixedly in the third quarter compared to analysts ’expectations, the company announced a massive share buyback. UPS and 3M have outperformed the analyst consensus on both revenue and profit levels, and GE management has adjusted its expectations for this year upwards.

The U.S. third-quarter reporting season has been strong so far, 119 companies from the S&P 500 index released their numbers, 83 percent of which exceeded analyst expectations. According to the consensus of Refinitiv, S&P 500 companies can report 35 percent profit growth for the third quarter on an annual / year basis.

Source: Portfolio.hu – Üzlet by www.portfolio.hu.

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