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MARKET markets – Wall Street applauds Fed, Apple and Boeing



* Dow received 1.77%, S & P-500 1.55%, Nasdaq 2.2%

* Fed promises patience on rates

* Apple and Boeing lead the Dow with an increase of more than 6%

from Mark Angran

PARIS, January 30 (Reuters) – The New York Stock Exchange ended significantly higher on Wednesday after the Fed pledged to stand up for patience before any further increases in interest rates, a promise to step up sustained growth after results. from the strong forecasts of Apple and Boeing.

The Dow Jones won 434.9 points, or 1.77%, to 25014.86, closing over 25,000 points for the first time since December 4th.

The wider S & P-500 won 41.05 points, or 1.55%, at 2681.05.

Nasdaq Composite rose 154.79 points, or 2.2%, to 7183.08. She noted the largest percentage increase in the session since January 4.

The Fed has announced the unexpected continuation of the monetary policy, but above all said it will be patient for possible additional increases due to economic and financial uncertainties and suggested that its balance sheet could be.

"The markets found what they asked in a press release of the Fed: the patience of the central bank to increase future rates and increased flexibility in reducing its balance sheet," he said. says Mohamed El Erian, chief economist of Alliance.

Investors are also looking for possible indications of the conduct of trade talks between US and Chinese leaders who have begun in Washington.

VALUES

All indices of the S & P sector ended the Green Day, with the strongest benefits contributing to the high-tech segment (+ 3.03%), the consumer sector (+ 2.16%) and the consumer sector. industry (+ 1.55%).

Apple's Dow Jones's best performance, 6.83% after the release of the results, the group's team leader Tim Cook's comments on trade tensions and sustained growth in revenue from service activities, not from the fear of falling iPhone sales, with a warning to the group earlier this month.

Boeing also took 6.25% after presenting incomes and projections for generating cash this year significantly above market estimates.

Another value of Dow, McDonald's rose 0.22% above expectations for the sale of the same stores.

The most spectacular increase in the day has helped advanced micro devices, whose shares rose 19.95% after the announcement of the record growth of data center sales and growth forecasts of 2019 higher than Wall Street's consensus.

In all this, the sectoral index Philadelphia semiconductor took 2.87%.

On the downside, AT & T fell by 4.33%, as sales and revenue from new subscribers disappointed analysts.

Of the 168 S & P-500 companies that reported earnings before Wednesday, 73.2% exceeded revenue estimates based on Refinitiv data.

INDICATORS OF THE DAY

Monthly Employment Research of ADP confirmed health on the labor market two days before the release of official monthly figures: to 213,000, the number of jobs created was significantly higher than 178,000 on average by economists interviewed by Reuters.

In real estate, promises of selling old homes in the US fell in December, according to data from the National Federation of Real Estate Agencies NAR, which confirm the weakness of the market towards the end of the year.

Mark Angran, with Noel Rendevich in New York and Sruti Shankar
in Bangalore


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