FX.co ★ US stock indices post gains in yesterday's trading

The US stock indices rallied in yesterday's trading, supported by strong company reports. The Dow Jones Industrial Average gained 0.63%, the NASDAQ technology index added 0.5% and the S&P 500 rose by 0.94%.

To date, 200 companies that make up the S&P 500 Index have published reports. It should be noted that 80% of these companies meet or exceed analysts' expectations.

At the same time, investors are concerned about the expected tightening of monetary and fiscal policy. This is indicative of the country's economic recovery, causing the market to be volatile.

Alphabet Inc., which owns the Google service, showed the largest increase in the value of its shares. The company gained 7.52% amid positive financial results that exceeded analysts' forecasts.

Advanced Micro Devices added 5.1% on strong quarterly earnings and positive expectations for future results. D.R. Horton Inc. gained 1.6% due to positive quarterly reports that exceeded analysts' expectations.

The biggest disappointment for investors was Meta, which lost 22.18%. The company's profit in the last quarter of last year was $10.3 billion, the equivalent of $3.67 per share. According to experts' forecasts, the profit was expected to reach $3.84.

Another cause for investor indignation is the company's revenue expectations for the first quarter of this year in the region of $27-29 billion. This is below experts' forecasts of $30.2 billion, indicating a lower growth rate.

Shares of PayPal Holdings Inc. fell by 24.6 % due to an uncertain outlook. The company was not supported by the positive reporting for the last quarter of 2021.

Starbucks Corp. shares were down by 1.1%. In the first quarter of the year, the company managed to increase revenues and profits. However, while the income exceeded analysts' expectations, the profit was lower than expected.

General Motors shares dropped by 1.1% due to a 39% decline in profit, although this exceeded experts' forecasts.

Marathon Petroleum Corp. shares fell by 6.1%, even though the company's profit rose 2.6 times and far exceeded analysts' expectations.

Gilead Sciences Inc. was down by 3.9% as a result of a 75% drop in profits in the last quarter of last year.

Shares of Boston Scientific Corp. lost 4.7% due to lower profits in the last quarter of 2021. The company's and experts' forecasts for the first quarter did not coincide either.