Positive Asian stock exchanges, with Chinese equity indices leaping up to over 3% after the positive close on Wall Street.
Yesterday the S&P 500 was up 2.47% to 4,287.50; the Dow Jones Industrial Average advanced 614.46 points, or 1.85%, to 33,916.39 points, the Nasdq rallied above + 3%, closing at 12,871.53.
Returning to the Asian stock exchanges, the Tokyo stock exchange was closed today for holidays. Shanghai Stock Exchange up about 2.5%, Hong Kong + 3.10%, Sydney + 1.06%, Seoul + 1.03%.
The strong rises yesterday will not prevent a decidedly negative closing of the month of April for the US stock exchange; the Dow is preparing to close the month down 2.2%, compared to -5.4% for the S&P 500.
The Nasdaq is oriented to close the worst month since maro of 2020, or the month in which the alarm for the Covid-19 pandemic sounded around the world, with a drop of 9.5%.
Sentiment has worsened on Wall Street in the past few hours, due to the spread after the end of yesterday’s session of the quarterly reports of Amazon and Apple. Amazon loses more than 9%, while Apple loses more than 2%. At around 9.30 am Italian time, the Dow Jones futures are down 0.11%, the S&P 500 futures are down 0.45% and the Nasdaq futures are down 0.80%.
Apple announced that in the first quarter of the year, revenues were up by almost + 9% on an annual basis, confirming the strong demand that continued to affect its products, such as computers and smartphones, despite the deterioration of economic fundamentals. global.
However, the stock is under pressure in Wall Street afterhours trading, now down by more than -2%, due to the warnings issued by CFO Luca Maestri, relating to various challenges facing the giant, including those concerning the Supply chain bottlenecks: Problems that could negatively impact sales of $ 4 to $ 8 billion.
Apple has also issued a warning about the effects that the wave of Covid in China resulting in the lockdown will have on demand.
Even the Amazon stock was bad, after the e-commerce giant, in conjunction with the spread of profits, spread a growth outlook that was lower than analysts’ expectations.
The company also reported a $ 7.6 billion loss related to its investments in electric car maker Rivian, which resulted in a net loss of 3.8 billion: eps came in at $ 7.38 per share on adjusted basis, worse than the $ 8.36 expected from the Refinitiv consensus; revenue was $ 116.44 billion, versus an expected $ 116.3 billion. A decidedly out of tune note was precisely that of the turnover which increased by just 7% in the first quarter, compared to + 44% in the same period of the previous year. The growth rate is the lowest since the dot-com bubble burst in 2001; It was also the second consecutive quarter in which the giant reported one-digit growth on a percentage basis.
Eyes on Tesla on Wall Street as well, after it was learned that its CEO Elon Musk sold $ 4 billion worth of shares in the electric car maker giant in the days following the launch of the bid to acquire control of the company. microblogging. Most of the purchases took place on Tuesday, just as Tesla stock prices sank by about 2%. The CEO of Tesla and SpaceX has released a total of approximately 4.4 million Tesla shares. Tesla falls by more than 2%, while Twitter drops in the premarket by 0.60%.