Analytics, News, and Forecasts for CFD Markets: stock news — 08-11-2017.

Major US stock indexes finished trading above zero, but growth was limited by doubts about the decision of the Republican tax plan and controversial corporate reporting.

Edition of Washington Post, citing its sources reported that the leader of the Republican Party in the Senate considering delay possible entry into force in the US corporate tax rate reduction for one year. Recall, on Thursday posted a Republican tax reform plan, the key point of which is to reduce the tax rate on corporate profits to 20% from the current 35%. The S & P rose by about 21% since the election of Donald Trump's president in November last year, in part on the background of his promise to cut taxes for businesses.

Among the corporate nature of the message it is worth noting the disappointing quarterly results Snap (SNAP): Following the results of the third quarter, the company reported a loss of $ 12:14 per share (the average forecast of analysts anticipated - $ 12:15) on revenue of $ 207.9 million (analysts' forecasts $ 236.71 million.). as well as the rate of DAU (daily Active users) at the level of 178 million. (the average forecast of 183 million). SNAP shares have fallen by 22% in response to the quarterly report, but did rebound after the release of a report that Chinese technological giant Tencent (TCEHY) bought a 12% stake in the company. Total trading shares on the SNAP fell to 15: 54%.

Component DOW index completed trades mixed (plus 13, minus 17). leader of growth were the shares of Merck & Co., Inc. (MRK, + 1.74%). Outsider were shares of JPMorgan Chase & Co. (JPM, -1.28%).

Most sectors of the S & P Index recorded an increase. Most consumer goods sector grew (+ 0.6%). It showed the greatest decrease in raw materials sector (-0.4%).

At the close:

DJIA + 0.03% 23,554.48 +6.06

Nasdaq -0.27% 6,767.78 -18.65

S & P -0.02% 2,590.58 -0.55

U.S. stock-index futures were flat on Wednesday as earnings season winds down and investors closely watch Republican efforts to pass the tax bill.

Global Stocks:

Nikkei 22,913.82 -23.78 -0.10%

Hang Seng 28,907.60 -86.74 -0.30%

Shanghai 3,414.91 +1.33 +0.04%

S&P/ASX 6,016.27 +1.92 +0.03%

FTSE 7,516.25 +3.14 +0.04%

CAC 5,470.35 -10.29 -0.19%

DAX 13,387.62 +8.35 +0.06%

Crude $57.03 (-0.30%)

Gold $1,281.90 (+0.48%)

(company / ticker / price / change ($/%) / volume)

After a strong start to the week, global stock markets were broadly lower in Asia on Wednesday, though Hong Kong equities outperformed as strong gains in one of the city's biggest share listings this year drove buying interest. Solid buying pushed several stock indexes, including those in Australia, Japan, and Hong Kong, to multiyear highs on Tuesday, but that was followed by a muted performance overnight on Wall Street.

Dow industrials eked out a small gain on Tuesday to end in record territory, but the broader market was weighed down by a selloff in financials, consumer discretionary and small-cap stocks amid concerns over the timing and ultimate shape of tax legislation working its way through Congress.