Indexes Rally To Pare February Losses

Indexes Rally To Pare February Losses

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  • S&P 500 jumped by 1.6 % on Friday, February 28, when investors looked at geopolitical concerns, which led to the losses of the index in February.

  • The AES power supplier led higher stocks after it released a strong future look that fed up with optimism about the AI ​​Data Center energy needs.

  • NVIDIA-Partner NetApp decreased after the data storage provider has missed revenue expectations about slowing sales growth.

The main American stock indicators increased in the last hours of Friday to close after the weighting and losses during most of the last session in February.

The stocks witnessed early gains after a Tammut inflation report Reducing price pressures in January. But the gathering is fluctuating after a controversial meeting between President Donald Trump and Ukrainian President Folodimir Zelinski threatened him on charges of the Mineral Rights Agreement that may lead to a ceasefire plan with Russia. The main market indicators have been recovered and higher fees are taken in late trading.

the S & P 500 It increased by 1.6 % in the last trading session in February, but the measurement index still decreased by 1.4 % during the month. the Nasdak It also offers 1.6 %, with the month closed by a decrease of about 4 %. the Dow Jon's industrial average It rose by more than 600 points to add 1.4 %, which is enough to spread a positive week, but not enough to withdraw the blue chip index higher for this month.

AES (AesS&P led the top, climbing 11.7 % after publishing a quarterly profit that overcomes expectations and offered strong profitable expectations this year. Energy provider said that artificial intelligence and new manufacturing databases were helping to pay the demand. The company also said it is working on the shore of its supply chain of solar panels, batteries and other equipment to reduce the risk of customs tariffs.

Edison International (shaftThe shares increased by 6 % after the company said that the California insurance fund in California may help protect the public budget for electrical facilities after deadly forest fires there.

Erie compensation (Erie) He jumped by 5.7 % after the insurance company published profits that exceeded analysts' expectations due to strong growth and investment operations. The revenues of the administration fees also jumped from the issuance and renewal of the policy, although the commission expenses also grew.

Monster drink (MnstThe shares increased by 5.3 % after the energy beverage maker won a slightly difference on the expectation of revenue growth. Executive officials said that the company was in a position to compete with the competition Celsius Holdings (Category), Which was recently acquired The rival is rapidly growing, Alan Nou.

Nvidia-Bartner NetApp (For exampleThe S&P 500 led, decreased by 15.6 % after revenue for storing the expected data storage and its expectations with the slowdown in sales growth.

Hp (HPQThe shares decreased by 6.8 % on the definitions on China. The computer maker said he expects to increase costs, which contributes to this Soft profit expectations. Nevertheless, the company said that the efforts to diversify its supply chain will lead to most of its American products outside China by the end of the year.

Dell (DelThe shares decreased by 4.7 % yet Quarterly sales and full year expectations It came in less than expected. The computer maker has spread stronger profits than expected amid strong server revenues driven by the request of artificial intelligence, with some analysts seeing The basic power in the company. The decline comes in the middle The wider technology stagnation This is somewhat abandoned Friday.

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