New York stocks rebound on better-than-expected corporate earnings… Dow 2.4%↑, Nasdaq 3.1%↑

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The New York Stock Exchange, which had the worst first half of the year, made a big rebound thanks to better-than-expected corporate earnings.

On the 19th local time, the Dow Jones Industrial Average finished trading at 31,827, up 754 points, or 2.43%, from the battlefield.

The Standard & Poor’s (S&P) 500 index rose 105 points and 2.76% to 3,936, and the tech-focused Nasdaq Index closed at 11,713, up 353 points and 3.11%, respectively.

It is analyzed that this is because companies that were expected to perform poorly in the second quarter in the aftermath of the worst inflation in more than 40 years performed better than Wall Street predicted.

However, some say that it is too early to confirm a bottom and caution should be taken to prepare for further declines.