by Chuck Mikolajczak
NEW YORK (Reuters) – The New York Stock Exchange ended higher on Tuesday, lifted by quarterly results from Goldman Sachs and Lockheed Martin, deemed reassuring about the impact of inflation and the aggressive rise in interest rates by the Federal Reserve on economic activity in the United States.
The Dow Jones Industrial Average gained 1.12%, or 337.98 points, to 30,523.8 points.
The broader S&P-500 gained 42.03 points, or 1.14%, to 3,719.98 points.
The Nasdaq Composite advanced for its part by 96.6 points (0.90%) to 10,772.40 points.
The last major Wall Street bank to report third-quarter results, Goldman Sachs in turn relieved investors with a smaller-than-expected drop in profit as a sharp rise in net interest income dampened a slowdown in its earnings. activities in investment banking.
The title took 2.3% and maintained the dynamics of the banking sector with gains of 2.6% for JPMorgan Chase or 3.8% for Bank of America.
Lockheed Martin shares for their part jumped 8.7% after the announcement by the defense and armaments group of a quarterly turnover higher than expectations and the maintenance of its annual forecasts, which enabled the industrials sector to achieve the best sector performance of the day.
Another group to publish its results on Tuesday, pharmaceutical giant Johnson & Johnson erased its initial gains to end a slight decline of 0.35%, the announcement of probable job cuts due to an economic slowdown having eclipsed a figure business above expectations.
Excluding results, Apple (+0.9%) was slightly hampered by an article in the media The Information according to which the American giant has undertaken to reduce production of its iPhone 14 Plus, a mid-range model whose marketing has everything just started.
Salesforce gained 4.3% following information about an investment by the activist Starboard Value fund in the capital of the professional software specialist.
Netflix stock was reported to be up sharply, more than 15%, after the close, as the video-on-demand platform attracted many more new subscribers than expected in the third quarter while showing a little more optimism than Wall Street by the end of the year.
* The reminder of the session in Europe: [.EUFR]
(Chuck Mikolajczak report, French version Bertrand Boucey)
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