Morning Report 19 Aug 19: Stocks advance helped by suggestions of stimulus measures

 

US sharemarkets rose on Friday with investors encouraged by hopes of German fiscal stimulus. Shares in chipmaker Nvidia rose 7.3% after its earnings result. Shares in General Electric rose by 9.7% after Chief Executive Officer Larry Culp bought nearly $2 million in shares. So far 459 of the companies in the S&P 500 have posted earnings results. Of those, 73% beat Street estimates, according to Refinitiv data. Second quarter earnings are up 2.9% on the year. The Dow Jones rose by almost 307 points or 1.2% with the S&P500 up by 1.4%, while the Nasdaq gained 129 points or 1.7%. Over the week the Dow lost 1.5%, the S&P 500 index fell 1.0% and the Nasdaq fell by 0.8%

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