(CercleFinance.com) – Wall Street is expected to rise slightly on Friday for the last session of July, which should see the S&P 500 index sign its best monthly performance since the end of 2020.
Half an hour before the opening, the futures contracts on the major New York indices advance from 0.3% to 0.5%, announcing a start to the session in the green.
A few hours before the end of this last session of the month, the S&P is posting a monthly increase of around 7.5% for the month of July, which brings its correction since the start of the year to less than 15 %.
The technology-heavy Nasdaq Composite is also on course for an excellent monthly performance this month, with a gain of more than 10% in July.
The upward trend in US equity markets, now in place since mid-June, was reinforced this week by the good results of several technology heavyweights, Microsoft and Alphabet in the lead.
The tech giants’ quarterly performance remains the focus today, with investors looking particularly encouraged by Apple’s release.
The Californian firm reassured on the health of consumer demand by revealing better-than-expected iPhone and iPad sales, despite the impact of current supply problems and confinements in China.
The title was expected to rise more than 2% on this announcement.
Amazon is expected to jump more than 10% at the opening after beating consensus in the second quarter and revising its annual targets upwards, an announcement which shows that the logistical difficulties of the moment could well be on the way. blur.
On the statistical side, market participants learned before the opening that household spending had increased by 1.1% in June compared to the previous month in the United States, sending a reassuring signal on consumption, which remains the real locomotive. of the country’s economy.
The test, however, remains to be transformed with the publication, at the start of the session, of the final version of the confidence index of American households calculated by the University of Michigan.
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