Major US stock indexes rose significantly after the US presidential administration announced that it would postpone the introduction of 10 percent tariffs on some Chinese products until December 15, including laptops, mobile phones, clothes and game consoles.
The news of Washington’s move, which marks a retreat from a tough stance in trade negotiations with Beijing, helped outweigh concerns about geopolitical and economic challenges.
Apple's 4.3% jump in stocks (AAPL), which manufactures its iPhone and MacBook in China, along with chip makers ’shares pushed the tech sector up 1.7%. Semiconductor maker Philadelphia Semiconductor Index (SOX) is up nearly 3%.
Investors also studied the Labor Department report, which showed that US consumer prices rose in July. According to the report, the consumer price index rose 0.3%, as predicted, after rising 0.1% in May and June. In the 12 months to July, the consumer price index rose 1.8% after rising 1.6% in June. Excluding food and energy prices, basic consumer prices also rose 0.3% for the second month in a row, while economists forecast 0.2% growth. The so-called basic consumer price index was increased due to higher prices for clothes, airline tickets, medical equipment and household items. In the 12 months to July, the base consumer price index rose 2.2% after rising 2.1% in June.
Almost all DOW components completed trading in positive territory (29 out of 30). The biggest gainers were Apple Inc. (AAPL, + 4.30%). Only Pfizer Inc. shares down (PFE, -0.57%).
All S&P sectors recorded an increase. The largest growth was shown by the technology sector (+ 1.7%).
At the time of closing:
Dow 26,279.91 +382.20 +1.48%
S&P 500 2,926.15 +43.06 +1.49%
Nasdaq 100 8,016.36 +152.95 +1.95%
U.S. stock-index futures fell on Tuesday, as geopolitical angst and economic uncertainty continued to weigh on market sentiment.
Global Stocks:
Index/commodity | Last | Today's Change, points | Today's Change, % |
Nikkei | 20,455.44 | -229.38 | -1.11% |
Hang Seng | 25,281.30 | -543.42 | -2.10% |
Shanghai | 2,797.26 | -17.73 | -0.63% |
S&P/ASX | 6,568.50 | -21.80 | -0.33% |
FTSE | 7,175.92 | -50.80 | -0.70% |
CAC | 5,278.60 | -31.71 | -0.60% |
DAX | 11,558.00 | -121.68 | -1.04% |
Crude oil | $54.59 | -0.62% | |
Gold | $1,532.70 | +1.02% |
Jane Foley, the senior FX strategist at Rabobank, notes that the news that the Swiss National Bank's (SNB) sight deposits jumped the most in two years last week provided a strong signal to the market that the bank had intervened in the FX market to offset CHF gains.
(company / ticker / price / change ($/%) / volume)
3M Co | MMM | 161.62 | -0.48(-0.30%) | 1403 |
ALTRIA GROUP INC. | MO | 45.9 | -0.08(-0.17%) | 11758 |
Amazon.com Inc., NASDAQ | AMZN | 1,776.53 | -8.39(-0.47%) | 16845 |
Apple Inc. | AAPL | 200.3 | -0.18(-0.09%) | 131698 |
AT&T Inc | T | 34.39 | -0.09(-0.26%) | 13158 |
Boeing Co | BA | 331.58 | -1.36(-0.41%) | 4150 |
Caterpillar Inc | CAT | 116.08 | -0.64(-0.55%) | 1934 |
Cisco Systems Inc | CSCO | 51.3 | -0.24(-0.47%) | 15027 |
Citigroup Inc., NYSE | C | 63.92 | -0.32(-0.50%) | 15889 |
Deere & Company, NYSE | DE | 146.13 | -0.92(-0.63%) | 787 |
E. I. du Pont de Nemours and Co | DD | 67.69 | -0.25(-0.37%) | 538 |
Exxon Mobil Corp | XOM | 69.52 | -0.11(-0.16%) | 4487 |
Facebook, Inc. | FB | 184.52 | -0.85(-0.46%) | 25976 |
FedEx Corporation, NYSE | FDX | 158.01 | -0.80(-0.50%) | 328 |
Ford Motor Co. | F | 9.31 | 0.02(0.22%) | 39616 |
General Electric Co | GE | 9.13 | 0.08(0.88%) | 471952 |
Goldman Sachs | GS | 200.72 | -0.80(-0.40%) | 921 |
Google Inc. | GOOG | 1,171.00 | -3.71(-0.32%) | 1221 |
Home Depot Inc | HD | 206.25 | -0.76(-0.37%) | 1888 |
Intel Corp | INTC | 45.31 | -0.29(-0.64%) | 8325 |
International Business Machines Co... | IBM | 133.41 | -0.26(-0.19%) | 9477 |
International Paper Company | IP | 38.57 | 0.03(0.08%) | 936 |
Johnson & Johnson | JNJ | 131.95 | 0.02(0.02%) | 1017 |
JPMorgan Chase and Co | JPM | 107.18 | -0.50(-0.46%) | 6133 |
McDonald's Corp | MCD | 217.79 | 0.63(0.29%) | 1366 |
Merck & Co Inc | MRK | 85.68 | 0.66(0.78%) | 2457 |
Microsoft Corp | MSFT | 135.16 | -0.63(-0.46%) | 42615 |
Nike | NKE | 81.54 | -0.11(-0.13%) | 475 |
Pfizer Inc | PFE | 35.34 | -0.05(-0.14%) | 7730 |
Procter & Gamble Co | PG | 115.8 | -0.23(-0.20%) | 1338 |
Starbucks Corporation, NASDAQ | SBUX | 95.35 | 0.44(0.46%) | 913 |
Tesla Motors, Inc., NASDAQ | TSLA | 227.76 | -1.25(-0.55%) | 39210 |
Twitter, Inc., NYSE | TWTR | 40.29 | -0.19(-0.47%) | 20241 |
UnitedHealth Group Inc | UNH | 243 | -0.20(-0.08%) | 450 |
Verizon Communications Inc | VZ | 55.78 | 0.09(0.16%) | 281 |
Visa | V | 176.12 | -0.22(-0.12%) | 9790 |
Wal-Mart Stores Inc | WMT | 105 | -0.22(-0.21%) | 1638 |
Walt Disney Co | DIS | 135.25 | -0.50(-0.37%) | 4232 |
Yandex N.V., NASDAQ | YNDX | 36.24 | -0.03(-0.08%) | 2200 |
Advanced Micro (AMD) initiated with Hold at Loop Capital
Intel (INTC) initiated with Hold at Loop Capital
McDonald's Corp (MCD) initiated with Buy at MKM Partners
JD.com (JD) reported Q2 FY 2019 earnings of RMB 2.30 per share (versus RMB 0.33 in Q2 FY 2018), beating analysts’ consensus estimate of RMB 0.54.
The company’s quarterly revenues amounted to RMB 150.281 bln (+22.9% y/y), beating analysts’ consensus estimate of RMB 147.444 bln.
The company also issued in-line guidance for Q3 FY 2019, projecting revenues of RMB 126-130 bln versus analysts’ consensus estimate of RMB 126.13 bln.
JD rose to $28.30 (+4.20%) in pre-market trading.
Index | Change, points | Closed | Change, % |
---|---|---|---|
Hang Seng | -114.58 | 25824.72 | -0.44 |
KOSPI | 4.54 | 1942.29 | 0.23 |
ASX 200 | 5.9 | 6590.3 | 0.09 |
FTSE 100 | -27.13 | 7226.72 | -0.37 |
DAX | -14.12 | 11679.68 | -0.12 |
Dow Jones | -391 | 25896.44 | -1.49 |
S&P 500 | -35.95 | 2882.7 | -1.23 |
NASDAQ Composite | -95.73 | 7863.41 | -1.2 |
© 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.
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.
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.