The North American Nasdaq index rose more than 1% on Friday, driven by strong profits from some of the country's largest companies, but Dow and S&P ended up with smaller gains due to uncertainty about the next financial round of the fighting state to coronavirus and economic concerns, which continue to mark the radar of ionvestors.
The Dow Jones Industrial Average rose 121,01 points, or 0,46%, to 26.434,66 points; the S&P 500 gained 25,34 points, or 0,78%, to 3.271,56 points; and the Nasdaq Composite grew 157,60 points, or 1,49%, to 10.745,42 points.
Apple's stock rose to peak after quarterly results and the announcement of a four-by-one share split. Amazon.com also rose after posting its biggest profit ever. Facebook grew after the platform exceeded revenue expectations. Finally, Google's owner Alphabet fell after having recorded its first quarterly sales drop in its 16 years.
They forced these hikes that sustained the market, despite Google. "The results were just fabulous," said Tim Ghriskey, an investment adviser at Inverness Counsel in New York, quoted by Reuters. "These are extremely profitable companies and produce products that people want," he said.
The four companies are among the top five in market capitalization, representing approximately 20% of the total S&P 500.
Meanwhile, the White House and the Democrats were still negotiating a new round of aid to fight the coronavirus at the time of market closure, but they were still far from reaching an agreement, according to Nancy Pelosi, president of the Chamber of Deputies. .
"It seems that they are distant and there are supposed to be a lot of obstacles and, as always, there is a lot of noise between the two parties," said Ghriskey, to add that an agreement is essential to relaunch the economy.
Generally speaking, this Friday revealed an unstable session, with each of the main indices falling and growing without an evident trend.