The past week has been exceptionally good for US stocks. The general index S&P 500 rose as much as 2.5 percent on Wednesday, when the Republican candidate Donald Trump’s selection confirmed.
The bet on the S&P 500 was also good on Friday, but the pace slowed down from the level of the beginning of the week.
Key stock indexes opened mixed in the United States. The S&P 500 was quoted up 0.3 percent, while the Nasdaq Composite was at its closing level yesterday. The Dow Jones, on the other hand, was up 0.6 percent.
Despite everything, the current week is shaping up to be the best for US stocks all year. According to Bank of America data, 20 billion dollars flowed into equity funds with Trump. Strategist at EPFR Global Michael Hartnettin according to this is the highest level in five months. The week is also becoming the strongest for government bonds since September.
However, not all sectors have fared flatteringly, the news agency Bloomberg reports. About a third of the companies in the S&P 500 index fell this week. The prices of consumer goods and real estate companies suffered the most.
Streaming company Paramount published its results for the third half of the year. The service had 72 million subscribers, while analysts expected 71.2 million subscribers. Adjusted earnings per share were $0.49 per share, compared to analysts’ expectations of $0.23 per share. However, turnover fell short of expectations, and the price was down four percent at $11.06.
Source: www.arvopaperi.fi
