After an up-and-down session, Wall Street closes the stock market week bouncing. Both the Dow Jones and the Nasdaq gain 1,4%, a signal that suggests that the declines of recent days are only the result of a modest correction mainly due to the desire of many investors to monetize the strong increases of the past few weeks.
On the other hand, those who continue to suffer are the European stock exchanges. Yesterday too Piazza Affari lost 1,3%, in line with the decline of the main stock lists of the Old Continent.
Industrial stocks, including FCA, Ferrari and Recordati, but also some financial stocks paid the price for the new drop in the Italian Stock Exchange.
By contrast, Banca Generali, Unipol and Campari were in positive territory. Sharply up, after the accounts of both Banca Carige (+5%) and Mps (+3,5%).
Since the beginning of 2017, Piazza Affari has remained in positive territory but earnings have fallen sharply.
