US equities go down, as US-China levies kick in

US equities go down, as US-China levies kick in

On Monday, Wall Street's three main indexes slumped following another round of US-China trade levies and market participants expected an interest rate lift a day ahead of the Fed’s two-day gathering.

US equities stabilized after on Thursday the US government announced a gathering between US leader and Rosenstein, overseeing the special counsel's probe into Russia's direct role in Donald Trump's 2016 election campaign.

7 of the 11 key S&P sectors declined after American levies on some $200 billion worth of China’s products came true, along with China’s retaliatory tariffs.

ET, the Dow Jones Industrial Average went down by 0.61% being worth 26,579.17. Additionally, the S&P 500 slumped by 0.36% reaching 2,919.24, while the Nasdaq Composite lost 0.01% hitting 7,985.89.

Interest rate sensitive sectors, including Consumer Staples dipped by 1.5%, Real Estate declined by 1.9% - they were suppressed ahead of the Fed gathering.

The top performer of the S&P sectors was represented by energy (SPNY) because crude added.

The technology sector SPLRCT reduced earlier losses and stood still, backed by Apple, whose goods have been spared from fresh levies. As a result, Apple managed to ascend by 1.2%.

The communications services index, currently housing media equities besides telecom companies, started lower. However, it demonstrated a 0.2% jump by late afternoon because fresh member Netflix managed to acquire by 2%.

As for other members Twenty-First Century Fox as well as Walt Disney, they gained by respectively 1.5% and 2%, having lost an auction for Sky Plc to Comcast that went down by 6%.

In addition to this, Michael Kors Holdings Ltd jumped by 7.6% right after some sources revealed the fashion group has decided to take control of Italy's Versace. The given deal could potentially value the firm at about $2 billion.


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

News for The Week
News for The Week

US stock markets started falling, while the US dollar is rising. What to expect from

Deposit with your local payment systems

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!

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