Major US stock indexes finished trading with an increase

Major US stock indices rose markedly, as the results of a number of the largest companies exceeded expectations lowered concerns about a decline in corporate segment profits.

United Technologies (UTX) reported receiving adjusted earnings of $ 1.91 per share, which was $ 0.19 above the analysts' average forecast. The company's revenue also exceeded Wall Street forecasts, and it raised its forecast for key financial indicators for the entire year as a whole.

Profit Coca-Cola (KO) reached $ 0.48 per share, which was above the analysts' average forecast of $ 0.46. The company's quarterly revenue also exceeded market expectations, thanks to increased sales of water and new soft drinks.

Twitter quarterly earnings (TWTR) for the reporting period reached $ 0.37 per share, which was well above the analysts' average forecast of $ 0.15. The company's revenue also exceeded forecasts.

However, not all reports generated a positive reaction. Shares of Procter & Gamble (PG) fell by almost 3%, as the company's EBIT margin was lower than analysts had predicted, despite the fact that its quarterly results exceeded expectations.

Verizon (VZ) shares lost 2.1% of the cost, as the US wireless carrier lost more telephone subscribers than analysts had expected.

The focus of market participants was also the report of the US Department of Commerce, which showed that sales of new homes in the US unexpectedly jumped in March to the highest level in more than a year. New home sales rose by 4.5% in March, to an annual level of 692,000, after a 5.9% increase in February, to a revised level of 662,000. Continuing growth surprised economists who expected sales to fall to 650,000 from 667,000. originally reported in the previous month. With an unexpected increase, sales of new homes reached the highest annual rate since November 2017 (712,000).

In addition, Wall Street closely followed the dynamics of oil prices, as they reached their highest level this year, amid growing fears about global supply. This happened after the day before the United States announced its intention to reduce Iran’s oil exports to zero.

Most of the components of DOW finished trading in positive territory (21 out of 30). The growth leader was United Technologies Corp. (UTX; + 2.24%). The Procter & Gamble Co. shares turned out to be an outsider. (PG; -2.92%).

Almost all sectors of the S & P recorded an increase. The exception is the base materials sector (-0.1%). The health sector grew the most (+ 1.6%).

At the time of closing:

Dow 26,650.90 +139.85 +0.53%

S & P 500 2,933.46 +25.49 +0.88%

Nasdaq 100 8,119.40 +104.14 +1.30%