American stocks head south

American stocks head south

On Wednesday, American stocks inched down due to the fact that market participants stayed on the sidelines after a firm ascend in 2019, waiting for new developments on trade.

The S&P 500 has managed to surge by 11% in 2019 on hopes that China and America will soon conclude their fierce trade clash and the Fed is going to be less hawkish when it comes to lifting rates.

Wall Street began the trading week on an upbeat note after a report that the two sides would come to a compromise by the end of this month, although the optimism-powered ascend has since fizzled out.

The S&P 500 index is still unable to overleap a major resistance level - the 2,800-point mark. It had been concluding lower for five out of six trading sessions.

General Electric Co shares headed south by 6.1%, extending its losses from yesterday, after it reported a negative net income from its industrial businesses in 2019.

The energy sector inched down by 0.98%, which is the most impressive outcome among 11 key S&P sectors, suppressed by crude major Exxon Mobil Corp.

Exxon Mobil's 1.9% dive also put pressure on the blue-chip Dow index due to the fact that the company told it intended to ramp up its capital spending in 2020 for the purpose of restoring flagging crude and gas output.

ET, the Dow Jones Industrial Average slumped by 0.21% hitting 25,752.81. As for the S&P 500, it declined by 0.25% showing 2,782.54. Besides this, the Nasdaq Composite decreased by 0.40% being worth 7,545.98.

Dollar Tree Inc tacked on by 1.7% because the discount store operator posted better-than-anticipated quarterly same-store sales.

In addition to this, Plc rallied by 4.3%.


Apple event surprised traders
Apple event surprised traders

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.

Latest news

Increased Volatility is Coming
Increased Volatility is Coming

The Reserve Bank of Australia (RBA) will make a statement and release a Cash Rate on February 7, 05:30 GMT+2. It's among the primary tools the RBA uses to communicate with investors about monetary policy.

Market Crash Incoming?
Market Crash Incoming?

This week may be the most important since the year started as the Fed assess the economic outlook and the US presents fresh NFP readings.

What Currency Will Overperform?
What Currency Will Overperform?

S&P Global, a private banking company, will release a monthly change in British Flash Manufacturing Purchasing Managers Index (PMI) on January 24, 11:30 GMT+2. The index is a leading indicator of economic health as businesses react quickly to market conditions, and purchasing managers hold the most current and relevant insight into the company's view of the economy.

Deposit with your local payment systems

Feel the Team Spirit

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.


A manager will call you shortly.

Change number

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!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera