empty
29.04.2022 03:50 PM
US stock indices show significant growth

This image is no longer relevant

US stock indices showed significant growth at the close of yesterday's trading. The technology index NASDAQ Composite was the top gainer, adding 3.1%. The S&P 500 rose by 2.5%, while the Dow Jones Industrial Average increased slightly less than others, by 1.8%. At the same time, the S&P 500 and Dow Jones indices demonstrated record growth over the last 2 months.

The growth of US indices takes place despite the negative statistical data regarding the country's GDP. Thus, in the first quarter of this year, GDP decreased by 1.4% year on year. Among the reasons for this reduction, experts call the growth of the country's trade deficit, which means that imports significantly exceed exports.At the same time, most analysts believe that this indicator is not a sign of recession. Consumer spending and business investment in the country continue to increase, indicating economic recovery and growth.

At the same time, the GDP decline may affect the Fed's decisions on monetary policy, namely interest rate increases. Notably, the May meeting of the Fed will be held next week.

According to the latest statistics, the unemployment rate in the US is decreasing. This is shown by a decrease in the number of claims for unemployment benefits by 5,000. The total number of claims has decreased to 185,000, although experts predicted a decrease in this reading to 180,000.

The main factor for the growth of US indices was the rise of companies in the technology sector in the country. They show good results in reports for the first quarter.Thus, Meta Platforms increased by 17.6% due to a significant increase in the number of users and even despite the weak results of the first quarter. The number of users grew to 1.96 billion from 1.93 billion.

Apple Inc. went up by 4.5% and Amazon.com Inc. increased by 4.7%.

McDonald's Corp. managed to increase income in the first quarter of this year by 11%, which was higher than analysts' expectations, its share price increased by 2.9%. At the same time, last quarter, the company incurred expenses totaling $127 million due to the suspension of operations in Russia and Ukraine.

Thanks to good reporting that exceeded experts' expectations, Pinterest Inc. gained 13.7% and Southwest Airlines Co. jumped by 2,1%.

Twitter Inc.'s 7.5-fold increase in net profits in the first quarter of this year boosted the value of its securities by 1.1%. At the same time, the company expects an acquisition by Elon Musk. Therefore, Twitter does not give any forecasts further for this year.

The yield on 10-year US government bonds rose to 2.862% from 2.817% the day before.

The increase in energy, in particular oil, had a positive impact on the quotations of energy sector companies. Thus, Brent added 2.2% and reached $107.59 per barrel.At the same time, other global stock exchange indicators are also showing growth. The composite European index STOXX Europe 600 added 0.6%, Asian indicators also increased: China's Shanghai Composite - by 0.6%, Hong Kong's Hang Seng, and Japan's Nikkei 225 - by 1.7% each.

Anastasia Kravtsova,
Analytical expert of InstaForex
© 2007-2025
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

From Nvidia to Xiaomi: What's Driving Stock Market Growth and Decline Today

Indices Rising: Dow 1.78%, S&P 500 2.05%, Nasdaq 2.47% Consumer Confidence Recovers in May Temu Parent PDD Holdings Falls on Quarterly Revenue Slip Chinese Xiaomi Shares Set to Rise 2.3%

Thomas Frank 12:06 2025-05-28 UTC+2

Whoever doesn't risk a recession doesn't reduce the national debt? Trader's calendar on May 29–31

To be at the center of global attention and to "shape the planet's destiny" — that's what Donald Trump enjoys most. For him, it's essential to constantly generate headlines

Svetlana Radchenko 11:47 2025-05-28 UTC+2

US Market News Digest for May 28

The S&P 500 index has broken through the key 5,908 level, signaling the end of its recent correction and opening the door to further upside. A break above the resistance

Ekaterina Kiseleva 11:25 2025-05-28 UTC+2

US Market News Digest for May 27

US President Donald Trump announced a 50% tariff on imports from the EU, yet financial markets responded with restraint. Investors are increasingly adopting a "threat and retreat" strategy, buying stocks

Ekaterina Kiseleva 11:54 2025-05-27 UTC+2

Nvidia on the agenda: markets await quarterly report, dollar nears fifth straight monthly decline

Stock markets showed mixed dynamics on Tuesday after Donald Trump unexpectedly postponed the introduction of the promised 50% tariffs on goods from the European Union. The move only increased uncertainty

Thomas Frank 11:31 2025-05-27 UTC+2

Gold at $4,200? Why the Market Is Once Again Preparing for a Historic Rally

The gold market has recently been highly volatile, with dramatic movements in both directions. After breaking above $3,000 per ounce, the metal entered a phase of heightened volatility—testing resistance

Anna Zotova 00:23 2025-05-27 UTC+2

Bitcoin hesitates whether to pull back to $100,000 or climb to $115,000

The world's first cryptocurrency finds itself in limbo. After a recent rally, it pulled back and then settled. At the moment, Bitcoin is at a crossroads, with market participants closely

Larisa Kolesnikova 15:16 2025-05-26 UTC+2

All eyes on Nvidia as markets brace for fresh turbulence

Nvidia's results, the final earnings report from the Magnificent Seven, are set for release on Wednesday. Meanwhile, Donald Trump and European markets are back to square one. The 30-year

12:58 2025-05-26 UTC+2

US Market News Digest for May 26

Investors have resumed buying shares of Freeport-McMoRan Copper & Gold following the end of its correction phase and subsequent consolidation. Optimism is fueled by technical signals and stabilization

Ekaterina Kiseleva 12:01 2025-05-26 UTC+2

The Nvidia Effect: Can Markets Withstand the Latest Wave of Pressure?

Nvidia results due Wednesday, last of Magnificent 7 earnings Donald Trump and European markets back to square one 30-year Treasury yields top 5% in a week S&P 500 falls more

Thomas Frank 08:44 2025-05-26 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.