Russian media companies are complaining that Youtube and Facebook block them. So sad. Now, what about the stock price?
American stock indexes show different directions
On Friday, the US stock indexes completed the trading session with weak and multidirectional changes due to mixed corporate reports as well as uncertainty as for the future policy of the Federal Reserve System.
The Dow Jones Industrial Average, which lost almost 400 points during the trading session, tacked on slightly by the market's close – it turned out to be the first leap in 5 trading sessions.
The Dow Jones Industrial Average index rallied by 0.02%, hitting 23930.15 by the end of the trading session. Standard & Poor's 500 headed south by 0.23%, reaching 2629.73. Additionally, Nasdaq Composite went down 0.18% and accounted for 7088.15.
One of the key risks for the stock markets is the increase in the basic interest rate of the Federal Reserve, along with the reduction in the volume of assets on its balance sheet. The ascend in interest rates traditionally provokes a jump in the cost of borrowing for companies as well as consumers, and also helps to strengthen the evergreen buck - such prospects put pressure on the stock market.
This week the key US bank kept the benchmark interest rate intact - in the range 1.50%-1.75%. The Federal Reserve noted the increase in inflation in America. It was definitely perceived by market participants as a possible indication of the Fed's readiness for a faster rate hike than anticipated earlier this year.
Traders also keep closely watching the situation in the US-China trade relations, as the representatives of the two leading economies are currently holding meetings in Beijing for the purpose of discussing duties as well as other issues in the sphere of trade.
Shares of Tesla headed south by approximately 5.6%. The US manufacturer of electric vehicles as well as solar panels managed to conclude the first quarter with a record loss.
Have you seen the Tesla stock price? But it has already dropped from that high... will it move up again?
Pfizer Inc. announced that its Covid-19 vaccine prevented more than 90% of infections in a large-scale study.
The European unemployment rate is announced on Wednesday at 12:00 MT time.
EUR/USD, the S&P 500, gold, and oil - everything is here! Jump in!
The Reserve Bank of Australia announces the cash rate on Tuesday at 05:30 MT time.