Yesterday on Wall Street

Posted 18 July, 2022

Indeed, manufacturing activity in the New York region returned to growth in July at +11.1 against -2 expected.

Retail sales rose more than expected in June in the United States to 1% against 0.8% expected.

In a period marked by an upsurge in investor risk aversion amid the Fed's monetary policy tightening, global No. 1 asset manager Blackrock (+1.99% to 600.37) published a profit down 30% for the second quarter.

Buoyed by strong sales at its healthcare services division Optum, Unitedhealth (+5.44% to 529.75) again raised its 2022 profit target.

The US semiconductor sector benefited from the publication of the Taiwanese chipmaker TSMC of a quarterly profit above expectations. Thus Nvidia rose by 22.54% to 157.62 and ASML Holding by 4.1% to 475.63.

News that activist fund Elliott Management has a stake of more than 9% in the capital of the Pinterest image-sharing platform sent the stock up 16.17% to 20.4.

After a leak of police data concerning nearly a billion Chinese citizens, executives of the cloud computing division of Alibaba (- 1.21% to 102.44) were summoned by the Shanghai authorities.

Due to weak sales, Amazon (+2.64% to 113.55) began to reduce the number of products sold under its own brands.

The contracts of Chief Financial Officer Gunnar Wiedenfels and Chief Strategy Officer Bruce Campbell of the Warner Bros Group (+ 2.42% to 13.96) have been extended until 2026 and 2025 respectively.

The  Dow Jones  thus gained 2.15% to 31,288.26 points, the  Nasdaq Composite  1.7903% to 11,452.16 points, and the  S&P 500  1.92% to 3,863.16 points.

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18 July, 2022 12:07

← China: Banking regulator pledges to reimburse more harmed savers

The Chinese banking regulator has assured that more customers of banks, whose withdrawals have been frozen since April, will be able to recover their money...

China: Banking regulator pledges to reimburse more harmed savers

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18 July, 2022 09:57

Ethereum rate rose by 13% and rose to a maximum in a month →

The price of the second largest cryptocurrency by market capitalization increased by 13% over the weekend.

Ethereum rate rose by 13% and rose to a maximum in a month
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