On Monday, tech equities suppressed Wall Street after a sudden sink in China's exports in December rekindled fears of a deceleration in global economic surge.
The China trade data backed worries that American duties on China’s exports were having an impact on the world's number two economy, making such as Apple Inc come up with a profit warning.
Chipmakers, getting a sizable portion of their gains from China, were affected, with the Philadelphia SE semiconductor index diving by 1.01%. As for Boeing Co and Caterpillar Inc, they slumped too.
Gains in Citigroup stocks assisted to spur the S&P financial sector that headed north by 0.80%, thus becoming the only gainer among the 11 key S&P indexes.
JPMorgan Chase & Co as well as Wells Fargo & Co are expected to post earnings on Tuesday.
The technology sector's 0.81% dive appeared to be the biggest drag on the S&P 500. A recent ascend in equities, driven by US-China trade optimism as well as expectations for a slow tempo of interest rate lifts, has powered a 10% jump in the S&P 500 from its Christmas Eve minimum.
ET, the Dow Jones Industrial Average dived by 0.30% being worth 23,922.94. As for the S&P 500, it slumped by 0.45% hitting 2,584.61. The Nasdaq Composite decreased by 0.65% showing 6,925.87.
Contributing to the pessimistic mood was a partial US government shutdown that entered its 24th day. In the history of the USA that’s the longest shuttering of federal agencies.
Market experts actually expect S&P 500 companies to report a 14.3% surge in fourth-quarter gains, which appears to be lower than the 25% surge rate recorded in the first three quarters of the previous year.
PG&E Corp went down by 47.58%.
On the NYSE slumping issues outperformed advancers for a 1.32-to-1 ratio.
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.
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?
US stock markets started falling, while the US dollar is rising. What to expect from
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!
|
