STOCK EXCHANGE: Wall Street opened up – Trump on acquiring Greenland by force: “I’m not going to do it”

The US stock market opened higher on Wednesday. President Donald Trump gave his speech at the World Economic Forum in Davos, Switzerland, when the stock markets opened in New York.

“Would you like me to say a few words about Greenland?” Trump asked in his speech.

Trump complained that the United States has been a major supporter of the military alliance NATO and has not received enough of this support.

“We probably won’t get anything unless we end up using excessive force, in which case we’d be frankly unstoppable.”

“But I’m not going to do that,” Trump quickly added.

A little before these comments, stock market futures predicting the price development of the US stock market had turned to a gentle rise, with the exception of the Dow Jones. After the comments, the Dow Jones also turned higher.

Technology giants on the rise

The S&P 500, which follows the price development of shares of five hundred US companies, was 0.4 percent higher compared to yesterday’s closing reading. The Dow Jones was up 0.4 percent and the Nasdaq was up 0.2 percent.

Dow Jones describes the price development of shares of 30 large companies. Nasdaq emphasizes the technology sector.

The movements of the shares of the technology giants were cautious. Nvidia’s and Tesla’s shares were 0.6 percent and Apple’s the share was up 0.2 percent. Meta was 0.2 percent, Amazon 0.6 percent, Microsoft 0.9 and Alphabetin a slip of 0.6 percent.

Streaming service Netflix the stock was down 4.7 percent at $83.13. The company gave guidance for January–March, which fell short of analysts’ expectations.

Netflix also said it was suspending share buybacks to prepare to buy HBO Warner Bros Discoverylta. Paramount Skydance Corp has made a competitive bid for the entire WBD.

Pharmaceutical giant Johnson & Johnson today published its financial statements and interim report for October–December. The stock was down 1.6 percent at $214.75.

Lääkejätti’s stock is on the rise

Johnson & Johnson’s revenue rose 9.1 percent to $24.6 billion in the fourth quarter of the year, compared with analysts’ average expectations of $24.1 million, the information service Factset tells.

The company’s adjusted earnings per share improved in line with analysts’ expectations to $2.46 from $2.04 in October-December last year.

Johnson & Johnson expects to post $100.5 billion in revenue this year and $11.53 in adjusted earnings per share. Before the interim report, analysts were expecting a turnover of 98.9 billion dollars and a result of 11.48 euros.

The pharmaceutical giant’s market value is more than 500 billion dollars. In terms of market value, the company is the 15th most valuable company in the United States. Above are for example Exxon Mobil, Visa, Eli Lily, WalmartTesla, Apple, Meta and Nvidia.

Retail tomorrow Procter & Gamble publishes its interim report. Next week it’s Apple, Meta, Tesla and Visa, for example.