Search

Client support: Phone: +357 (22) 008796

News

Show news:


08.07.2019 20:11

Major US stock indexes finished trading in the red

Major US stock indexes fell moderately, as Apple (AAPL) and Boeing (BA) were under pressure, while expectations of an aggressive reduction in the Fed's interest rates weakened.

The value of Apple shares (AAPL) fell by more than 2% after Rosenblatt Securities analyst reported downgrading to “Sell” (“Sell”) from “Neutral” (“Neutral”), saying that the company would face with a “fundamental deterioration” in the next six to twelve months, as iPhone sales are disappointing, while sales of other Apple products are slowing.

Shares of Boeing (BA) lost 1.4% of the value under pressure from reports that the company lost an order for 50 Max 737 aircraft at a total cost of $ 5.9 billion from Flyadeal, Saudi Arabia’s low-cost airline, which instead chose Airbus A320 aircraft.

The unexpectedly strong June job data released on Friday forced traders to reconsider their expectations of an aggressive reduction in interest rates, although they still see the likelihood of a Fed rate cut at a meeting of July 30-31. Expectations to cut rates by 50 basis points dropped to 6% from about 20% a week ago, according to the FedWatch CME Group tool.

Several Fed officials are planning to speak this week, including its chairman, Jerome Powell, who investors hope will give more clues about the immediate prospects for monetary policy. Mr. Powell will speak three times this week, including on Wednesday and Thursday, when he presents a semi-annual report on monetary policy in Congress. In addition, on Wednesday will be published minutes of the June Fed meeting.

Most of the components of DOW finished trading in the red (20 of 30). Outsider were shares of Apple Inc. (AAPL; -2.12%). The growth leader was NIKE Inc. (NKE; + 1.83%).

Almost all sectors of the S & P recorded a decline. The industrial goods sector decreased the most (-0.9%). Without change, the utilities sector and the base materials sector completed their biddings.

At the time of closing:

Dow 26,806.14 -115.98 -0.43%

S & P 500 2,975.95 -14.46 -0.48%

Nasdaq 100 8,098.38 -63.41 -0.78%

Market Focus

January 2020
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
  • 2010
  • 2009
  • 2008
  • 2007
  • 2006
  • 2005
  • 2004
  • 2003
  • 2002
Mon
Tue
Wed
Thu
Fri
Sat
Sun
20
21
22
23
24
25
26
27
28
29
30
31

Quotes

All posted material is a marketing communication solely for informational purposes and reliance on this may lead to loss. Past performance is not a reliable indicator of future results. Please read our full disclaimer.

To maximize our visitors browsing experience TeleTrade uses cookies in our web services. By continuing to browse this site you agree to our use of cookies. If you disagree, you may change your browser settings at any time. Read more

  • To maximize our visitors browsing experience TeleTrade uses cookies in our web services. By continuing to browse this site you agree to our use of cookies. If you disagree, you may change your browser settings at any time. Read more

    © 2011-2020 TeleTrade DJ Limited

  • Risk Warning: Trading Forex and CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work both to your advantage and disadvantage. There is a possibility that you may lose all of your initial investments, so you should not risk more than you are prepared to lose.

  • Prior to trading you should make sure you fully understand all the risks involved and take into consideration your level of experience and financial situation. TeleTrade strives to provide you with all the necessary information and protective measures, but if the risks seem still unclear to you, please seek independent advice.

  • The information presented on this website should not be perceived as a basis for investment decision making and is intended solely for informational purposes.

Connect with Us
Share on
social networks
Online
consultant
Request a callback
Top Page