Gains on Wall Street with earnings season focusing attention – Stock Exchange

North American stock markets closed in positive territory, driven by encouraging results from a number of companies. It is the second consecutive day of gains on Wall Street, with shares showing a recovery from the losses recorded the previous week.

The S&P 500, the reference index for the region, appreciated 1.2% to 5,070.55 points, the industrial Dow Jones added 0.69% to 38,503.69 points and the technological Nasdaq Composite rose 1.59% to 15,696.64 points.

Among the main movements, Tesla, which releases accounts after the close of trading, recorded gains of 1.8% for 144.61 dollars and Spotify appreciated 11.41% to 303.31 dollars, after having reported profits of 197 million euros between January and March this year. This value compares with losses of 225 million in the same period of the previous year.

General Motors also benefited from stronger than expected accounts, which gained 4.37% to $45.1.

This is a crucial week in terms of corporate results, with around 180 companies from the S&P 500 presenting accounts, including Meta, Alphabet and Microsoft. The main focus is on the “Magnificent Seven”, with investors looking for confirmation that the excitement around artificial intelligence is justified.

It was precisely the expectation regarding the fruits that AI will bring that gave strength today to Nvidia, which increased in value by 3.65% to US$824.18, and to Advance Micro Devices, which added 2.42% to 152.24 dollars.