Sunday , January 17 2021

Apple topped Red Day on Wall Street



The arrows pointed to Wall Street on Wednesday in the wake of the fact that consumer prices in the United States came as expected.

US authorities' numbers showed consumer prices rose 0.3% in October compared to September. Year to year, the index rose 2.5 percent, while core inflation was 2.1.

"I think the stock market is going through a sales pressure that started in early October." If investors do not understand what's behind the sale or what's started, you hesitate to buy it. that investors do not have so many stocks, especially as volatility and sales pressure continue, "said Robert Pavlik, SlateStone Wealth's investment strategy for CNBC.

In addition, the British government has chosen to support the draft brexite agreement.

– The government has decided to proceed with the draft agreement. This is a crucial step that will allow us to move forward and finalize the deal in the coming days, May said in a brief statement outside the House of the Prime Minister on Wednesday night.

The pound fell before the London announcement and was traded at 1.2897 just an hour of the snail before May declared to the press. Wednesday night the pound is at 1.3003 against the dollar.

Dow Jones fell to 25,080.50 points, down 0.81 percent.

6 out of 30 stocks in the index rose.

The company of the chemical industry DowDuPont was the winner today in the world renowned index.

The company posted solid growth in the third quarter, according to the quarterly report released in early November. Turnover increased by 32% over the previous year.

The shares invested 0.89%.

At the top of the loss list, we find the insurance giant Travelers Cos. The company's market value fell 2.97%.

The S & P 500 fell to 2,701.58 points, down 0.76%.

Financial stocks were the clear loser on Wall Street on Wednesday.

Although consumer prices have reached consensus among analysts, there were probably more market participants who believed in a higher price jump for strong job numbers and a lax labor market lately. Interest rates have responded to the fall, and Fed Chairman Jerome Powell appears to have control of inflation. The upside risk in the US interest rate trajectory was not higher, according to today's key figures.

In addition, Maxine Walters, a Democrat representative in the United States, said the Trump government's struggle to ease regulatory pressure on the US banking sector will now face strong counterparts in the House. Republicans lost their majority in the House of Representatives after the middle of the US in early November, and only laws and regulations require a hearing among House Democrats that Trump can get through his policies.

Goldman Sachs ended 1.28 percent.

Citigroup fell 2.89 percent.

JPMorgan retired by 2.97 percent while Bank of America lost 1.91 percent of market value.

General Electric had a bad day on the stock market and finished at 3.14 percent.

Nasdaq Composite ended the day at 7,136.39 points, down 0.90%.

Apple was the big loser and shares fell 2.82%.

OMG were among the winners, and highly volatile stocks rose 6.12%.

Tesla increase of market value by 1.56% on Wednesday.

Facebook also had a good day and went against the market. The stock jumped 1.45 percent.

Microsoft fell 1.42%.

Netflix ended at 2.61%.

Among other interesting actions, we find companies related to oil, such as Transocean and Baker Hughes. The first ten-year rate was 1.48% oil prices, while the second retired a total of 2.73 percent. Exxon Mobil fell 0.74 percent.

The two stocks related to cannabis Aurora Cannabis and Canopy Growth Corporation experienced a troubled day on the stock market and fell 8.06 and 11.07%, respectively.

The VIX index rose 6.14 percent to 21.25 points.

The price of gold closed the day at $ 1,211.30 per troy ounce, up 0.83%.


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