Trade worries suppress Wall Street

Trade worries suppress Wall Street

On Thursday, the S&P 500 along with the Dow Jones Industrial Average slumped after four winning trading sessions due to worries as for the US-China trade conflict, although profits in technology equities helped to raise the Nasdaq.

The US government has come up with an offer to impose duties on a further $200 billion worth of China’s products that will come true next month after a public comment period concludes on September 5.

Meanwhile, metal prices sank because the China-US trade clashes overshadowed optimism that Canada and America could come to a fresh a fresh North American Free Trade Agreement.

Aside from that, the S&P materials index declined by 1.27%, which is the best outcome amidst the 11 key S&P sectors. As for trade-sensitive industrials SPLRCI, they headed south by 0.5%, led by Caterpillar's 1.2% dip.

High-profile technology equities gave support. Facebook rallied by 2% and Apple grew 1.4%.

Amazon tacked on by 1.4% hitting $2,025.57. As for Amazon, it soared by 1.3%.

ET the Dow Jones Industrial Average declined by 0.33% reaching 26,037.48. The S&P 500 went down by 0.20% reaching 2,908.25. As for the Nasdaq Composite, it jumped by 0.12% demonstrating 8,119.77.

Eight of the 11 S&P sectors turned out to be loser, with financial as well as energy equities suppressing the S&P.

Dollar Tree went down by 13.2%, which is the best result on the S&P, having posted lower margins and forecasted a downbeat full-year revenue.

Electronic Arts headed south by 9.5% after the videogame maker postponed the launch of "Battlefield V" by up to 4 weeks and also reduced its full-year net bookings estimate.

Signet Jewelers inched up by up to 25.4% after the company managed to top sales as well as revenue estimates and had its full-year sales forecast raised.

Similar

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

No More US Debts in Sight
No More US Debts in Sight

The first day of June should’ve brought us the US default. Unsurprisingly, the US House passes the debt ceiling bill at the latest possible moment.

Gold Rises as Central Banks Buy More
Gold Rises as Central Banks Buy More

About 24% of global central banks intend to increase gold reserves in 2023. Rising inflation, geopolitical turmoil, and worries about interest rates are reasons to increase gold reserves.

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.

Callback

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