Economy

Tech still helps Wall Street make a profit | Financial

The Nasdaq benefited the most with a 0.9% exchange rate gain. The Dow Jones index gained 0.2% and the S&P 500 plus 0.4%.

A plus is the spectacular increase in sales of existing homes in October, by 26.6% compared to September and 4.3% on an annual basis. Do-it-yourself chain Home Depot advanced 0.4%. Also Walmarts share price rose 2%.

The vote has long been depressed by figures from Johns Hopkins University: Some 18.5% of the global death toll from corona is in the US. No country has as many deaths as the US, with nearly 11.5 million infections.

New lockdown measures have been taken in New York by closing schools again. Travel companies were equally profitable.

President Trump announces the arrival of vaccines:

Another figure is also disappointing: The number of Americans claiming unemployment benefits last week has risen for the first time in five weeks.

The Department of Labor reports 742,000 new applications, up from a revised number of 711,000 a week earlier. Economists generally took into account a decrease.

Nvidia and Macy’s

Department store L Brand’s closed well in the S&P 500 thanks to a 17.7% price gain. The listed fund with brands such as Bath & Body Works and Victoria’s Secret earned $ 1.13 per share last quarter, the market expected 9 cents.

Department store Macy’s (+ 2.1%) reports a third-quarter loss of 19 cents, which was less than the market consensus of $ 0.79 per share.

But sales turned out better than expected. Retail sales declined by 20% year-on-year, while analysts’ consensus of 23.3% was down.

The maker of speakers for Sonos won 29.8% on good quarterly results.

Department store BJ’s Wholesale (+ 3.6%) comes well above the market expectation of $ 64 at $ 92 cents EPS. Third quarter sales were also above consensus.

Apple as the most traded piece in the Dow, it goes up 0.5% after slight loss during the trading day.

Car builder Tesla, which pushed through the S & P500 index, gained 2.6%.

Aircraft builder Boeing increases by 1%.

Stock exchange company Nasdaq (+ 1.2%) confirms purchase of data supplier Verafin for $ 2.75 billion.

Nvidia (+ 0.1%) reports quarterly earnings of $ 2.91 per share, well above analysts’ estimate at $ 2.57 per share. But its prospect of declining for its chip sales means the stock will come under pressure.

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