Wall Street on the rise at the start of the season of United States figures | Financial

The Dow-Jones index finished 2.4 percent higher at 23,951 points. The broad-based S&P 500 rose 3.1 percent to 2,845 points and the Nasdaq tech exchange rose 4 percent to 8,515 points.

Investors appear to be raising expectations in the United States that the worst of the crown pandemic has already passed. In addition, there have been better export figures from China. However, the IMF’s forecasts offer a bleak outlook. According to the fund, the world economy is going through the worst recession since the Great Depression in the 1930s.

JPMorgan Chase (minus 2.8 percent) has set aside $ 6.8 billion to absorb potential credit losses resulting from the crown crisis. Thus, the profits of the largest bank in the United States plummeted in the first quarter. Industry colleague Wells Fargo (minus 4 percent) has also added billions to the sling due to the crown crisis. Profits also plummeted.

Johnson & Johnson gained 4.4 percent after increasing its results and increasing its dividend. The medical company expects to make less profit this year than previously anticipated. This is mainly due to the efforts made to develop an affordable medicine against Covid-19.

Aircraft maker Boeing (minus 4.2 percent) lost 150 orders for the 737 MAX. Electric car maker Tesla gained 9.1 percent. Investors see the opportunities for Tesla more favorable as many other automakers are likely to have less money for electric vehicle development.