Retail sales remained stable in June after rising 0.3% in May and a consensus of -0.3%. Bank Of America (+5.35% to 44.13) reported a drop in its profit for the 2th quarter, due to lower interest income on loans and higher provisions against non-performing loans.
Morgan Stanley (+0.91% to 106.22) recorded an increase in its profit to $3.1 billion for the 2th quarter, thanks to the rebound in investment banking activity.
UnitedHealth (+6.5% to 548.87) published a profit above expectations for the 2th quarter, helped by the good performance of its health services unit. However, the group revised upwards estimates of the cost of a hack of its technology unit earlier this year.
You’re here gained 1.55% to 256.56 after its CEO, Elon Musk, planned to commit about $45 million per month to a political action committee supporting Donald Trump.
The financial company State Street (+7.45% to 84.82) reported an increase in assets under management, allowing the bank to earn more commissions on services.
Match climbed 7.46% to 34.41 after activist investor Starboard increased its stake in Tinder’s parent company to more than 6.5%, while pushing for a possible sale of the group if a turnaround is not possible.
Walt Disney (+1.65% to 98.47) saw its internal communications leaked online after a hack, including those related to advertising campaigns, studio technology and interview candidates.
Mizuho lowered its recommendation on the stock Palantir Technologies (-0.07% to 28.67) from Neutral to Underperform.
THE Dow Jones thus gained 1.85% to 40,954.48 points, the Nasdaq Composite 0.21% to 18,510.86 points and the S&P 500 0.64% to 5,667.20 points.
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