Wall Street rose due to the banks’ good results 

Wall Street closed this Friday in green, encouraged by the good quarterly results of the large US banks.

The Dow Jones rose by 1.09% or 382.20 points, standing at 35,294.76. 

Meanwhile, the selective S&P 500 advanced by 0.75% or 33.11 points, to 4,471.37. The Nasdaq market gained 0.50% or 73.91 integers, to 14,897.34.

The Dow Jones has gained 1.1% for the week, the S&P 500 added 1.8%, and the Nasdaq increased by 2.2%. They recorded their best figures since this summer.

The New York stock market ended the week with good spirits after the positive results of the main US banks. Goldman Sachs presented its accounts, which rose by 3.88%. JPMorgan advanced by 1.92%, Bank of America climbed by 2.88%, Citigroup gained 2.15%. Meanwhile, Morgan Stanley grew by 1.09%, and Wells Fargo surged by 6.84%.

The financial sector expanded by 1.51%. It posted the second-best gain after the non-essential goods sector, adding 1.76%. The industrial sector followed them with a rise of 0.96%, and the technological sector stood out with an advance of 0.79%.

Investors also reacted with purchases to an unexpected increase of 0.7% in sales in the US retail sector in September. It contributed to the bullish day of the market.

Among the 30 companies listed on the Dow Jones, Goldman Sachs led the advances. It was followed by Visa, American Express, and Caterpillar.

In contrast, Walgreens, McDonald’s, and Cisco posted significant losses.

The Nikkei fell for the first time in three days

The Nikkei Stock Average started at 29,093 yen this week. 

Moreover, the Nikkei volatility index rose by 3.61% to 20.96. 

Today’s Tokyo stock market has been pushed a little by selling, and there was no movement. Under these circumstances, concerns such as high crude oil prices, rising long-term US interest rates, and uncertainty about the Chinese economy were affecting the market. Amid rising volatility, it has been challenging to change the sentiment. 

The Nikkei fell by 0.15% or 43.17 points, to 29,025.46. Meanwhile, the Topix slid by 0.23% or 4.70 points to 2,019.23.

The pharmaceutical sector, agriculture, fisheries, and the precision instruments sectors posted the most significant losses.

Lasertec accumulated the largest trading volume of the day again and dropped by 2.09%. The semiconductor maker saw sharp gains last week due to Taiwanese chipmaker TSMC’s plans in Japan.

The telecommunications giant Softbank was second by the number of transactions, cutting 0.82%. 

Meanwhile, the shipping company Nippon Yusen ended the day with an increase of 0.66%. At the same time, the textile group Fast Retailing expanded by 0.96%.

Tokyo Electron registered a rise of 0.92%, while tech multinational company Sony lost 1.62%.