Wall Street closed with gains thanks to technology, raw – Digital Today (Dominican Republic)

Markets remain vigilant.

(AP Photo / Richard Drew)

NEW YORK. The shares closed on Friday mainly after the energy sector recovered hand in oil prices and technology giants Amazon Alphabet and delivered solid earnings results. However, earnings were hampered by disappointing results from Exxon Mobil, as well as released by the Bank of Japan, which did not announce much stimulus as many anticipated news.

The Dow Jones industrial average lost 24 11 whole, 0.1% to 18,432.24. The Dow was hampered in part by the collapse of oil giant Exxon Mobil.

The company reported its smallest gain in a quarter in 17 years lower than predicted by analysts, due to the continued fall in oil prices. Its main competitor, Chevron, closed a little better, exceeding analyst expectations. The Standard & amp index; Poor’s 500 gained 3.54, or 0.2%, and ended at 2173.60, but finished the week with losses after four consecutive upward weeks. The Nasdaq composite rose 7.15 units, 0.1% and settled at 5162.13. Wall Street ends its busiest week in terms of corporate profits, which was dominated by rather strong results from technology, including companies Apple Facebook, Alphabet, Amazon and others.

The parent company of Google, Alphabet, it increased 3.3% and Amazon rose 1% after both companies reported earnings that beat analysts’ expectations. Strong results from Amazon and Google, as well as the results of other technology companies, helped Nasdaq climbed 1.2% this week, while the Dow lost 0.8%. The S & P 500 so far was down 2.4% compared with a year ago, which is better than the decline of 5.2% expected when you started the earnings season, according to the S & P Global Market Intelligence. The theme of the presidential election will continue to grow as a variable in the markets over the next several months. Investors dislike uncertainty and unexpectedly close presidential election and policies almost unknown Donald Trump’s restless. The Bank of Japan concluded a meeting on Friday by announcing it will increase purchases of exchange-traded funds on the market of financial institutions to help inject more cash into the world’s third largest economy and achieve its goal of 2% inflation.