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American equity indices rose more than 2 % on Monday, helped in part by a decline in oil prices that eased concerns about accelerating inflation. The Dow Jones Industrial Average gained 1,104.02 points (2.15 %) to close at 52,389.75, while the S&P 500 climbed 173.08 points (2.35 %) to 7,549.94. The Nasdaq Composite added 673.71 points (2.74 %) to finish at 25,253.14. Most of the companies included in the Dow posted gains, with the exception of Nvidia Corp., whose shares fell 4.3 %. Chevron Corp. shares slipped 0.9 %, and Boeing Co. and Visa Inc. declined 0.6 % and 0.1 % respectively. In the S&P 500, the largest gains came from technology and semiconductor firms: Marvell Technology up 9.5 %, Broadcom 8.8 %, Advanced Micro Devices 13.3 %, Analog Devices 8.6 %, KLA Corp. 9.3 %, Applied Materials 11.4 %, Micron Technology 6.3 %, Lam Research 10.4 %, Western Digital 9.9 %, Intel 5.5 %, and Texas Instruments 6.6 %. Other notable moves included Amazon.com Inc. up 2.9 %, Caterpillar 7.2 %, Alphabet 1.2 %, Apple 2.4 %, Microsoft 2.8 %, IBM 0.5 %, Tesla 5.5 %, Cisco 5.1 %, and Goldman Sachs 4.7 %. KKR & Co. reported a 30 % increase in net profit for the third quarter, with its adjusted earnings surpassing analyst expectations. The investment firm’s bond yields rose 1.7 %. Oil‑sector stocks also saw modest declines: ExxonMobil down 0.7 % and ConocoPhillips down 1.3 %. Article source: News.am | Image credit: News.am
American equity indices rose more than 2 % on Monday, helped in part by a decline in oil prices that eased concerns about accelerating inflation. The Dow Jones Industrial Average gained 1,104.02 points (2.15 %) to close at 52,389.75, while the S&P 500 climbed 173.08 points (2.35 %) to 7,549.94. The Nasdaq Composite added 673.71 points (2.74 %) to finish at 25,253.14. Most of the companies included in the Dow posted gains, with the exception of Nvidia Corp., whose shares fell 4.3 %. Chevron Corp. shares slipped 0.9 %, and Boeing Co. and Visa Inc. declined 0.6 % and 0.1 % respectively. In the S&P 500, the largest gains came from technology and semiconductor firms: Marvell Technology up 9.5 %, Broadcom 8.8 %, Advanced Micro Devices 13.3 %, Analog Devices 8.6 %, KLA Corp. 9.3 %, Applied Materials 11.4 %, Micron Technology 6.3 %, Lam Research 10.4 %, Western Digital 9.9 %, Intel 5.5 %, and Texas Instruments 6.6 %. Other notable moves included Amazon.com Inc. up 2.9 %, Caterpillar 7.2 %, Alphabet 1.2 %, Apple 2.4 %, Microsoft 2.8 %, IBM 0.5 %, Tesla 5.5 %, Cisco 5.1 %, and Goldman Sachs 4.7 %. KKR & Co. reported a 30 % increase in net profit for the third quarter, with its adjusted earnings surpassing analyst expectations. The investment firm’s bond yields rose 1.7 %. Oil‑sector stocks also saw modest declines: ExxonMobil down 0.7 % and ConocoPhillips down 1.3 %.
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