The US authorities filed a lawsuit against Facebook - what are the implications?
US equities struggle for direction
On Monday, American shares struggled for direction, with market participants taking a pause because China and America stared their latest trade talks and American lawmakers attempted to reach a deal on border funding.
The financial markets started on a firm note over the trade negotiations after China's optimistic tone, with market sentiment backed by White House senior counselor Kellyanne Conway who expressed confidence of a probable deal.
As a matter of fact, the trade-sensitive industrials sector managed to leap by 0.55%, which is the most impressive outcome amid the 11 key S&P sectors. They were backed by Boeing’s 0.4% leap as well as Caterpillar’s 0.5% ascend.
However, the indexes gave up their early profits right after the healthcare sector tumbled by 0.23%. In general, the sector was suppressed by a more than 1% tumbled in the equities of UnitedHealth Group, Merck & Co, and Pfizer Inc.
Besides this, the latest US-China negotiations come in the face of an approaching March 1 deadline set for making a trade deal. If the two trade partners don’t manage to come to a compromise, extra American levies on China’s imports will come into effect.
ET, the Dow Jones Industrial Average dived by 0.11% hitting 25,079.66. As for the S&P 500, it managed to tack on by 0.03% being worth 2,708.77. The Nasdaq Composite headed north by 0.19% concluding the trading session at 7,311.93.
Apple Inc went down by 0.2% right after research company IDC reported iPhone sales going down by 20% in China for the fourth quarter of the previous year.
In addition to this, Electronics Arts Inc managed to rally by 5.2%, which is the most impressive result amid S&P 500 companies, right after market experts were optimistic about a firm start to the videogame publisher's newly launched counterpart to "Fortnite".
Russian media companies are complaining that Youtube and Facebook block them. So sad. Now, what about the stock price?
Have you seen the Tesla stock price? But it has already dropped from that high... will it move up again?
The European Central Bank will publish the monetary policy statement with the interest rate decision on January 21, at 14:45 MT time.
Joe Biden is going to unveil a Covid-19 relief package of about $2 trillion. After this announcement, the 10-year Treasury yield rose, adding support for the USD.
The US dollar’s weakness offered a boost to emerging-market currencies and oil.