(CercleFinance.com) – The New York Stock Exchange managed to end in the green at the end of a Friday session dominated by a first salvo of quarterly: the Dow Jones gained 0.3% to 34,303 points, while the Nasdaq Composite gained 0.7% to 11,079 points.
JPMorgan Chase ended with a 2.5% gain after America’s largest bank reported net profit up 6% to $11 billion, despite provisions for credit losses of 2.3 billion over the period.
“The US economy is currently showing strength, with households continuing to spend their surpluses and businesses showing good health,” commented its CEO Jamie Dimon, while acknowledging the many persistent headwinds.
Similarly, the operators gave a favorable reception to the publications of its peers Citigroup (+1.7%), Bank of America (+2.2%) and Wells Fargo (+3.3%), but clearly neglected that from Delta Airlines (-3.5%).
Also in the news of values, Tesla fell 0.9% after the electric car manufacturer reduced the selling prices of its main models in the United States and Europe, a week after a similar decision in China.
On the economic front, US consumer confidence continued to improve in January, as the University of Michigan index came out at 64.6 in preliminary version this month, compared to 59.7 in December.
Earlier in the morning, US import prices rose 3.5% (+1.9% excluding petroleum products) and export prices rose 5% (+4 .4% excluding agricultural products) in December 2022 in annual variation.
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