Group ascension .. The continued rise in American stocks for the third day

American stocks continued to rise at the beginning of Thursday’s transactions, for the third day in a row, thanks to the quarterly results of American companies that came better than expectations, at a time when the heads of these companies said that they are not sure that these profits can continue in light of the uncertainty resulting from the president’s commercial war.
The Standard & Poor’s 500 increased by 2%, two days after the rise in the hope of US President Trump’s calm of the trade war, and the reversal of his threat to dismiss the US Central Reserve Chairman (the Central Bank).

American stocks

The Dow Jones Industrial Index increased by 486 points, or 1.2%. The Nasdaq Synod index increased by 2.7%.
Surface Now company, which runs an artificial intelligence platform, contributed to pushing the market to rise after it achieved higher profits than the first -quarter of expectations.
The company, whose agents help with its clients to manage their clients’ affairs, witnessed an increase in its shares by 15.5% after it also provided an expected range of the expected revenues of the subscriptions higher than some analysts expected.

Expectations of analysts

The American airline, South West Airlines, also announced stronger results than analysts’ expectations for the first three months of the year, but its stock was swinging between losses and gains.
The latest American airline says that economic expectations seem very cloudy that they are withdrawing some of its financial expectations for this year.
CEO Bob Jordan said that the company “controls what we can control,” while reducing the volume of flights it will do in the second half of the year.

Economic expectations

Meanwhile, American Airlines withdrew its financial expectations for the whole year, and said it plans to make an update “when economic expectations become more clear.” Her share increased by 3.7% after it achieved quarterly profits that exceed expectations.
In all sectors, companies have talked about the difficulty of providing financial expectations for the year, as Wall Street usually expect, due to the ongoing changes in President Trump’s customs duties policy.

Customs

American stocks have risen in the past two days in the hope that Trump will reduce his approach to customs duties and his criticism of the Federal Reserve Council, which shook the markets earlier.
But China, the second largest economy in the world, denied on Thursday the participation of both sides in active negotiations on customs duties, saying that any indication of making progress in this regard is unfounded such as “attempting to arrest the wind.”
The share of the Hasbro Children’s Games increased by 14.6% after announcing better profits of expectations during the first quarter of this year.
The share of Texas Instrometen Electronics increased by 6.6% after achieving higher profits than expectations, while the shares of the Consumer Commodities Company Parkor and Gamble fell 3.7%, after its quarterly revenues came less than expectations.