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.
Every year in early autumn Apple holds its event where it presents new iPhones, Apple Watches, and iPads. This year wasn’t an exclusion. But yesterday’s presentation didn’t result in Apple stock growth, and here’s why.
Richard Branson offloaded nearly 10 million shares, which equals about 4% of the Virgin Galactic stock, leaving him with an 18% stake.
Today at 00:00 GMT+3 SPCE will present the second quarter 2021 financial results. We will get to know everything about the company's financial condition and plans.
Inflation in Europe was released better than the forecast. The preliminary fact was published at 4.3%. What's happening in the markets?
XAUUSD fell below 1900 for the first time since March 2023. Meanwhile, the US dollar index gives a bearish signal. Read the full report to learn more!
Oil prices are rising while the US government is on the verge of shutting down. How will it affect the market?
FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.
Your request is accepted.
A manager will call you shortly.
Next callback request for this phone number
will be available in
If you have an urgent issue please contact us via
Live chat
Internal error. Please try again later
Don’t waste your time – keep track of how NFP affects the US dollar and profit!
|
