US stock market continues to grow, focus on financial results of Magnificent 7, etc.

US stock market continues to grow, focus on financial results of Magnificent 7, etc. | Reuters

The US stock market continues to grow. Strong corporate financial results were seen as a factor. Photographed in March 2022 (2024 Reuters/Brendan McDermid)

[New York (Reuters)]- The U.S. stock market continues to rise. Strong corporate financial results were seen as a factor. The quarterly results of the “Magnificent 7” and other large growth stocks, which are scheduled to be announced in the near future, are also attracting attention.

Tesla (TSLA.O) New Tab opens new tabannounced its financial results after the market closed. It has been announced that the release of the new model will be brought forward. The stock price rose 6% in after-hours trading.See more

This week: Microsoft (MSFT.O) New Tab opens new tabAlphabet (GOOGL.O) New Tab opens new tabMeta (META.O) New Tab opens new tabFinancial results are scheduled for high-tech giants such as

General Motors (GE) (GM.N) New Tab opens new tabrose 4.4% as quarterly results exceeded expectations.

The March US Personal Consumption Expenditure (PCE) Price Index, released on the 26th, is attracting attention in order to determine when the US interest rate will be cut.

For individual stocks, Spotify (SPOT.N) New Tab opens new tabrose 11.4%. Gross profit exceeded 1 billion euros ($1.1 billion) for the first time.

GE Aerospace (GE.N) New Tab opens new tabrose 8.3%. We liked the bullish full-year profit outlook. Danaher (DHR.N), a major medical equipment supplier New Tab opens new tabThe company’s quarterly profit and sales exceeded expectations, rising 7.2%.

Jet Blue (JBLU.O) New Tab opens new tabfell nearly 19%. The company’s downward revision of its full-year sales forecast was criticized after weak first-quarter earnings.

Advancing issues outnumbered declining issues on the New York Stock Exchange by a ratio of 4.89 to 1. The NASDAQ also had a 2.69-to-1 ratio of rising stocks.

The total trading volume on US exchanges was 10.57 billion shares. The average for the last 20 business days was 11.07 billion shares.

This is a provisional value based on LSEG data.Changes from the previous day may not match *US stock market

Our Code of Conduct: Thomson Reuters “Principles of Trust” New Tab opens new tab

The article is in Japanese

Tags: stock market continues grow focus financial results Magnificent Reuters