Wall Street heading for five-month winning streak – E24

After putting a weak trading day behind them, there is a more positive mood on the New York Stock Exchange on Wednesday.

The matter is updated throughout the trading day on Wall Street…

This is what it looks like on the benchmark indices at 17.45:

• The collective index S&P 500 rises 0.35 percent
• The technology index Nasdaq is up 0.14 percent
• The Dow Jones rises 0.63 percent

The oil price is at roughly the same level as Tuesday, and a barrel of North Sea oil (burnt spot) is trading at the time of writing for 85.16 dollars.

Breaks losing streak

The S&P 500 index has fallen for three days in a row, but on Wednesday looks set to break its losing streak before going into a fourth consecutive day in the red.

However, the index has risen 2.1 percent so far this month, and in this quarter it is up 9.1 percent, according to CNBC. At the same time, the Nasdaq index has strengthened by 8.7 per cent in the last three months, while the Dow Jones is up 4.2 per cent.

All of the indices are thus set to achieve their fifth straight winning month and second quarter in a row with an increase, writes the channel.

Trump shares continue to rise

The trading day on Tuesday ended with a stock market decline on Wall Street, while the Donald Trump company Trump Media & Technology Group Corp (TMTG) did strongly in its stock market debut.

On Wednesday, the share rose 14.99 per cent at 17.45.

Worse than expected from Game Stop

Game chain Game Stop delivered results for the fourth quarter on Tuesday evening. The company has a different financial year, and the fourth quarter ended on 3 February this year.

Game Stop had revenues of $1.794 billion, compared to $2.226 billion in the same period last year, according to the report.

That was well below what analysts had previously envisioned, which was $2.020 billion, according to Market Watch.

The result before tax, however, rose to 71 million dollars, up from 52.4 million. Earnings per share ended at $0.21, up from $0.16 in the fourth quarter of 2022-23.

Game Stop shares are up more than 15 percent.

Wall Street will be open on Thursday, before the stock market takes the Easter break on Good Friday.