Around 2:20 p.m. GMT, the Dow Jones advanced 0.33%, the Nasdaq jumped 1.36% and the S&P 500 0.95%.
The day before, despite the slowdown in the American economy in the second quarter, the Dow Jones had climbed by 1.03% to 32,529.63 points, the Nasdaq, with strong technological coloring, by 1.08% to 12,162.59 points and the S&P 500 by 1.21% to 4,072.43 points.
“Indexes are on course to end a robust month,” Wells Fargo analysts noted.
At the pace of the start of the session, the Dow Jones would post an increase of almost 6%, the Nasdaq a jump of 11% and the S&P 500, an advance of more than 8%, by far the best monthly scores since the start of the year. .
Earnings from Amazon and Apple were reassuring on Thursday after the close, with better-than-expected sales even though their bottom lines were less stellar.
Amazon, whose title rose 11.82% to 136.75 dollars, saw its turnover increase by 7% in the second quarter but suffered a loss of 2 billion dollars linked to exceptional items.
Apple (+3.58%) saw robust demand for its iPhones but its profit fell.
"The market continues to respond favorably to the results which are less bad than feared", underlined Patrick O'Hare of Briefing.com.
In contrast, Dow Jones member Intel plunged 10% after falling into the red in the second quarter and lowering its 2022 revenue forecast, citing a slowdown in global activity.
The streaming access company Roku collapsed (-26% to 62 dollars) while its management admitted not having expected "the severity of the contraction of the advertising market".
Finally, consumer goods group Procter & Gamble (P&G) fell 4.67% after announcing disappointing annual financial targets.
P&G, which makes Gillette razors, Pampers diapers, and Oral-B toothbrushes, among others, cited the negative impact of currency exchange rates, higher commodity prices, and rising transportation costs as weighing factors. on its growth.
Profits from hydrocarbons
The American hydrocarbon giants ExxonMobil and Chevron have generated huge profits in the wake of rising oil prices.
In the second quarter alone ExxonMobil earned $17.9 billion and Chevron $11.6 billion.
On Wall Street, Exxon gained 3.74% and Chevron +7%.
Oil prices were up sharply, with US WTI climbing more than 4%.
On the macroeconomic front, after the surprise of a GDP down 0.9% in the second quarter, the Fed's favorite inflation index confirmed for the month of June a marked acceleration in the rise in prices .
The PCE index, based on consumer spending and the Central Bank's preferred barometer for measuring inflation, climbed 6.8% from June 2021 and 1.0% from May, driven by the energy and food.
Restoring the hearts of investors, US consumer confidence improved a little in July while remaining very close to the all-time low reached in June.
The index measured by the University of Michigan came in at 51.5 points, up 3.0% from June, but a plunge of 36.6% from July 2021, according to the final estimate released on Friday.
It was a little better than expected, since analysts expected 51.1 points.
Yields on 10-year treasury bills were flat at 2.67%, remaining around their lowest in four months as markets hope for an upcoming slowdown in central bank rate hikes.
© 2022 AFP