“Morale has been bolstered by reports that a version of the Biden Administration’s Build Back Better social spending plan may still be negotiated on Capitol Hill,” Wells Fargo explains.
‘In addition, Joe Biden encouraged large-scale testing as a new strategy to limit the impact of the Omicron variant of the coronavirus, instead of the containments deployed at the start of the pandemic,’ adds the California bank.
At the end of this session devoid of macroeconomic data, nine of the eleven sectors of the S & P500 ended in positive territory, led in particular by those of energy and technology.
In the news, Nike jumped 6.1% in the aftermath of better-than-expected quarterly results, with net profit up 7% to $ 1.3 billion for its second quarter 2021-22.
Micron Technology soared 10.5%, as the semiconductor maker reported adjusted net profit of $ 2.47 billion for its first quarter of 2021-22, nearly tripling (+ 177%) in comparison. annual.
General Mills on the other hand dropped 4%, despite an increase by the agri-food group of its forecasts of adjusted EPS and revenues for the entire year, the occasion of its publication for the second quarter of 2021-22.
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