* Apple anticipates strong demand for its iPhones
* Amazon expects higher revenue in Q3
* Intel lowers its forecast, the title falls
by Caroline Valetkevitch
NEW YORK, July 29 (Reuters) – The New York Stock Exchange ended higher on Friday, boosted by positive forecasts from Apple and Amazon.
The Dow Jones index gained 0.97%, or 315.5 points, to 32,845.13 points.
The broader S&P-500 gained 57.86 points, or 1.42%, to 4,130.29 points.
The Nasdaq Composite advanced for its part by 228.1 points (1.88%) to 12,390.69 points.
Most of the major sector indices of the S&P 500 ended up, notably that of energy, driven by the good results of Chevron and Exxon Mobil.
Apple made progress after noting improvements on the front of spare parts shortages and sustained iPhone demand despite the context.
Amazon was also up after forecasting a jump in revenue in the third quarter on higher fees for subscriptions to its Prime loyalty program.
“The figures released by Amazon and Apple have given the market confidence that these companies are able to withstand these difficult times,” said Rick Meckler of Cherry Lane Investments.
The market also benefited from a renewed hope for a less aggressive monetary policy after the announcements of the Federal Reserve.
Intel for its part fell after lowering its forecasts for annual sales and profits, and having published results below market expectations due to a slowdown in demand for its chips used in personal computers.
* The reminder of the session in Europe:
* TO BE FOLLOWED ON MONDAY:
(With contributions from Shreyashi Sanyal and Aniruddha Ghosh; French version Camille Raynaud)