Issue link: https://maltatoday.uberflip.com/i/1504102
SYMBOL LAST CHANGE % HIGH LOW DOW JONES – US 33,561.80 -56.88 -0.17% 33,656.40 33,509.70 NASDAQ – US 12,179.50 +0.00 +0.00% 12,216.10 12,174.10 S&P 500 – US 4,119.17 -18.95 -0.46% 4,130.35 4,116.65 RUSSELL 2000 – US 1,749.68 -4.79 -0.27% 1,756.09 1,737.70 S&P TSX – CANADA 20,585.70 +0.58 +0.00% 20,599.00 20,455.50 IPC – MEXICO 55,452.70 +419.61 +0.76% 55,497.80 54,899.40 FTSE – UK 7,750.80 -13.29 -0.17% 7,778.98 7,750.37 CAC 40 – FRANCE 7,373.77 -23.40 -0.32% 7,416.32 7,373.20 DAX 40 – GERMANY 15,886.20 -69.32 -0.43% 15,980.80 15,884.00 FTSE MIB – ITALY 27,325.70 -57.80 -0.21% 27,476.40 27,324.70 MICEX – RUSSIA 2,524.31 -3.28 -0.13% 2,535.03 2,483.79 NIKKEI 225 – JAPAN 29,122.20 -120.64 -0.41% 29,195.20 29,070.10 SHANGHAI COMPOSITE – CHINA 3,319.15 -38.52 -1.15% 3,349.72 3,305.25 HANG SENG – HONG KONG 19,776.90 -90.64 -0.46% 19,880.00 19,696.60 NIFTY 50 – INDIA 18,249.10 -16.90 -0.09% 18,323.20 18,211.90 KOSPI – KOREA 2,496.51 -13.55 -0.54% 2,510.13 2,488.42 20.7.2023 7 MARKETS International Markets Global Indices Trading Date: 19 July 2023 Dow extends gains as banks shine, Microsoft hits record high THE S&P 500 delivered swashbuckling gains Wednesday as investors cheered better-than-expected quarterly results from a slew of major corporations including Wall Street banks and a record high in Microsoft amid AI-optimism. e Dow Jones Industrial Average rose 1.1%, or 366 points, the Nasdaq was up 0.8%, and the S&P 500 rose 0.7% to end the day at 52-week highs. Wall Street banks continue to impress on earnings stage Bank of America Corp (NYSE:BAC) led the move higher in banking stocks, rising more than 4% after reporting sec- ond-quarter earnings that topped analyst estimates as higher interest rates boosted loan income. Morgan Stanley (NYSE:MS), meanwhile, rallied 6% after its second-quarter results beat estimates on both the top and bottom lines as performance in its wealth management busi- ness offset weakness in its trading business amid a drop in equity and fixed-income revenue. Charles Schwab Corp (NYSE:SCHW) topped the list of gainers, up more than 12% following its better-than-expect- ed quarterly results. Microsoft drives big tech higher after hitting record high flexing AI muscle Microsoft (NASDAQ:MSFT) rose 4% as investors piled into the stock on AI-optimism after the tech giant said it would charge businesses $30 per user to access the tech gi- ant's suite of artificial intelligence tool. e initial pricing details are "very bullish for the total ad- dressable cloud AI market opportunity for Microsoft that could increase cloud revenue annually by 20% by 2025 based on our estimate," Wedbush said in a note. Tesla, Netflix race higher as earnings come into focus Tesla Inc (NASDAQ:TSLA) and Netflix Inc (NASDAQ:N- FLX) were in rally mode ahead of the quarterly results due Wednesday after the market closes. For Tesla's quarterly results, the focus will likely be on mar- gins following the electric vehicle maker's recent price cuts, while investor focus on Netflix's quarterly results will likely center on the boost to subscriber numbers as well as guid- ance following the streaming giant's crackdown on password sharing. Weaker retail sales flag slowing consumer, but July hike still in play Retail sales rose 0.2% in June following a 0.5% gain the month prior, missing economists' estimates for a rise 0.5% and providing further optimism that the Federal Reserve's series of rate hikes delivered so far are starting to slow the economy. FTSE 100 Daily Price Chart DAX 40 Daily Price Chart