Virgin Galactic’s Branson flew to space, but the stock of Virgin Galactic (SPCE) dropped. Why?
US equities go down
On Friday, US equities went down due to the fact that the G20 summit in Argentina burst out and market participants awaited news of probable trade talk progress between China and America.
The S&P 500 went down by 0.09% ending up with 2,734.12, while the Dow slumped by 0.19% trading at 25,291.76, while the tech-heavy Nasdaq Composite sank by 0.16% hitting 7,2681.27.
US leader and his Chinese rival Xi Jinping are expected to hold negotiations at the sidelines of the G20. The market was briefly boosted by US leader’s remarks on Thursday that he was about to doing something to normalize trading with China. However, Donald Trump added that he wasn’t sure he was willing to do this.
US President is also anticipated to meet with Russian leader Vladimir Putin, as the Kremlin told on Friday. However, on Thursday, Trump wrote on Tweeter that his official meeting with Russian President had been cancelled.
In addition to this, Splunk turned out to be among the top performers after the morning bell, heading north by up to 6% right after the software company surpassed forecasts for the fourth consecutive year. Moreover, Chinese e-commerce company Alibaba managed to tack on by up to 1.22%.
Marriott went down by 6% following news of a huge data breach of customers’ personal data, which had an impact on about 500 million users. As for Goldman Sachs, its equities headed south by nearly 2%, while Advanced Micro Devices inched down by approximately 3%. Additionally, General Electric went down by 5%.
As for commodities, gold futures went down by 0.67% trading at $1,222.20 a troy ounce, while crude futures declined by 3% ending up with $49.71 a barrel.
Measuring the greenback’s purchasing potential versus its primary counterparts the USD index rallied by 0.39% trading at 97.08.
What will happen? The FOMC statement will be published at 21:00 MT (GMT+3) on Wednesday, July 28…
Hong Kong stock index extended a decline sparked by China’s tech crackdown. Tesla posted better-than-expected results. Jump in!
This week Apple, Microsoft, Google, Facebook, Pfizer, and other large US companies will deliver earnings reports…