Online Forex broker
On Friday, the major US indices went down amid a drop in the consumer sector led by shares of tobacco manufacturers as well as technology companies.
The market recovered some of its losses at the end of the session after Bloomberg reported that US Deputy Prosecutor General Rod Rosenstein the previous week told President Donald Trump that he’s not targeted by the investigation of the special prosecutor Robert Mueller as for Russia's hypothetical interference in the US elections.
The shares of Philip Morris International, one of the world's largest tobacco companies, dived abruptly after the company reported its quarterly results, which didn’t appear to be in line with forecasts.
The sale of chip makers' shares provoked a warning from Taiwan Semiconductor, the world's number one producer of semiconductors as well as the supplier Apple, about weak demand on smartphones and a slower growth than previously forecast.
In addition to the disappointing financial results of Philip Morris and Procter & Gamble Co, pressure on the consumption sector was also exerted by an increase in the yield of 10-year US state bonds, which underpinned bank equities.
The Dow Jones index dived 0.34% to 24,664.89, while the S&P 500 index lost 0.57% hitting 2.693.13. As for the Nasdaq Composite index, it went down 0.78% being worth 7.238.06.
S&P dived by 3.2%. Paper Philip Morris lost 15.6%, shares of Altria, the parent company Philip Morris USA, headed south 6%.
The shares of Procter & Gamble inched down 3.3% after the company reported that a reduction in the stock of retailers as well as an increase in the cost of raw materials and transportation hit its margin.
Apple shares went down 2.8% because many analysts felt that TSMC's warning of weak sales of smartphones was mainly triggered by fears as for demand for the iPhone.
On Monday, US stocks surged because dives in Boeing and Facebook held profits in check and traders closely watched this week's Fed gathering for affirmation of the major financial institution’s commitment to patient monetary stance…
On Friday, European equities went up, breaching a five-month maximum recorded yesterday because market participants cheered upbeat signals over US-China trade negotiations and after British lawmakers underpinned a delay of a chaotic departure from the EU…
On Friday, Asian equities surged because market sentiment got better on a report that more progress has been achieved in US-China trade negotiations and after British lawmakers decided to postpone a potentially chaotic departure from the European bloc…
Did Bitcoin manage to recover and what was the hottest news in the crypto and blockchain world? Read and find out!
On Monday, Asian stocks traded mostly higher, with Shanghai bucking the trend because centrist Emmanuel Macron fully matched opinion survey hopes and left anti-EU far-right nominee Marine Le Pen behind…
Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…
Your request is accepted.
A manager will call you shortly.
Internal error. Please try again later
We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.
|
