U.S stock showed their best week after a long time period of two years. The total revenue of Procter and Gamble and Microsoft played a vital role in this new record.
Shares of Microsoft ascended 2.5 percent to USD 46.13 after the largest software developer unveils the first quarter report. On the flip side, Procter and Gamble increased 2.3 percent and touched USD 85.16.
Moreover, the biggest consumer product company informed that it would transfer its Duracell battery business into a new firm.
The Business earnings report revealed that the S&P 50 climbed 5.5 percent as compared to its lowest of mid October.
The first case of Ebola is reported in the New York City. The news spread like a fire in the entire city on Thursday. Fortunately, markets recovered instantly of that anxiety related to Ebola on Friday.
The main cause behind this relief of anxiety is the rapid improvement in the health of that patient. On the other hands, World Health Organization planned some really significant future strategies for the complete eradication of Ebola virus. It includes the release of new Ebola experimental vaccines.
Chief market strategist of Clearpool New York, Peter Kenny stated that authorities’ new tactics provided a great hope to the market to move forward.
Steve Sosnick, equity risk manager at Timber Hill expressed that it is a positive sign that the news of Ebola virus failed to leave an impact on the market. It spears as if markets is attempting to take some really sharp moves.
This week Amazon stands on the negative side of the market. The American e-commerce company hit the hardest bump and fell 8.3 percent to USD 287.06. It is one the largest drag for Nasdaq 100 and S&P 500.
The quarterly report of Amazon dissatisfied Wall Street to a great extent.