Major stock indexes rose on Wednesday thanks to strong quarterly report to Microsoft, which boosted optimism about the prospects for the quarterly results. According to the published report, the fourth quarter of 2016 fiscal year the company’s profit according to the results reached $ 0.69 per share, which was at $ 0.11 above the average forecast of analysts. Quarterly revenue Microsoft has increased by 2.1% compared to the same period in 2015 to $ 22.64 billion, while analysts had forecast $ 22.137 billion.
Growth indices also contributed to the positive dynamics of oil prices after data showed that weekly crude oil inventories fell. US Department of Energy reported that crude oil inventories fell more than expected, but gasoline inventories unexpectedly rose. According to the report, during the week of 9-15 July crude oil inventories fell by 2.3 million barrels to 519.4 million barrels, while remaining at high levels by historical standards for a given period of the year. Analysts had forecast a decline of 2.1 million. Barrels. Oil reserves in Cushing terminal rose na189 000 barrels to 64.1 million barrels.
After the close of the trading session is expected to publish quarterly reports of American Express (AXP) and Intel (INTC).
DOW index components closed mostly in positive territory (21 of 30). Outsider were shares of The Walt Disney Company (DIS, -1,29%). More rest up shares Microsoft Corporation (MSFT, + 6,04%).
Almost all sectors of the S & P showed an increase. conglomerates (-0.4%) sectors fell most. The leader turned out to be the technology sector (+ 1.3%).
At the close:
Dow + 0.19% 18,595.10 +36.09
Nasdaq + 1.06% 5,089.93 +53.56
S & P + 0.43% 2,173.02 +9.24
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