new York Encouraging company balance sheets, according to stock marketers, are luring some investors back into US stock markets. The leading indices Dow Jones, Nasdaq and S&P 500 both rose by around half a percent at the opening on Tuesday after slipping by around 3.5 percent each at the start of the week.
With a price increase of three percent, the shares of Home depot to favorites. The US hardware store chain exceeded market expectations with quarterly sales of $ 25.78 billion and a profit of $ 2.48 billion. Apparently, the strategic realignment is beginning to bear fruit, wrote analyst Jonathan Matuszewski from investment bank Jefferies. This is a good omen for the current business year.
Macy’s also surprised with the quarterly result. Thanks to strong Christmas sales, the department store chain had sales of $ 8.31 billion and earnings of $ 2.12 per share. Macy’s titles won 1.3 percent.
More: Read also how the German stock market is developing on Tuesday.