Market news
24.04.2019, 20:07

Major US stock indexes finished trading in the red

Major US stock indexes fell slightly against the background of an ambiguous reaction of market participants to a new block of quarterly reporting companies, including such giants as Boeing (BA), Caterpillar (CAT) and AT & T (T), as well as before publishing the results of Facebook (FB) and Microsoft ( MSFT) after the close of the trading session.

Boeing (BA) reported receiving adjusted earnings of $ 3.16 per share, which was below the analysts' average forecast of $ 3.19. The company's revenue also turned out to be slightly lower than the market forecast. The company also announced that its previously announced forecast for the whole 2019 is no longer relevant, since it does not take into account the impact of the situation with 737 MAX, and has suspended its own share repurchase program. Despite this, BA shares rose 0.16%.

Caterpillar (CAT) reported adjusted quarterly earnings of $ 2.94 per share, which was $ 0.08 above the average forecast of analysts. The revenue of the heavy equipment manufacturer also exceeded analysts' estimates. However, CAT shares fell by 3.21%, as the report indicated a decline in construction revenue in the Asia-Pacific region, one of the company's key markets.

Both the profit and revenue of AT & T (T) fell short of analysts' expectations. Nevertheless, the company reported an unexpected increase in the number of wireless users, and also announced that by the end of the year it would pay off 75% of the debt incurred as part of the deal with Time Warner. T shares fell by 4.07%.

Most of the components of DOW finished trading in positive territory (18 out of 30). Caterpillar Inc. shares turned out to be an outsider. (CAT; -3.14%). The growth leader was The Walt Disney Company (DIS; + 1.66%).

Almost all sectors of the S & P recorded a decline. The utilities sector grew the most (+ 0.4%). The largest decline was in the commodity sector (-1.7%).

At the time of closing:

Dow 26,597.66 -58.73 -0.22%

S & P 500 2,927.26 -6.42 -0.22%

Nasdaq 100 8,102.02 -18.81 -0.23%

© 2000-2024. All rights reserved.

This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

The information on this website is for informational purposes only and does not constitute any investment advice.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

AML Website Summary

Risk Disclosure

Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.

Privacy Policy

Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.

Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.

Bank
transfers
Feedback
Live Chat E-mail
Up
Choose your language / location