Tuesday's session at Wall Street brought the mood calm and ended with small declines of the main indexes. Investors analyzed the latest series of results of company resulting companies.
Dow Jones Industrial at the closure fell by 0.38 percent, to 40,368.96 points S&P 500 at the end of the day fell by 0.17 percent and amounted to 5,396.63 points Nasdaq Composite lowered by 0.05 percent Up to 16,823.17 points The index of companies with the average capitalization of Russell 2000 gains 0.09 percent. and amounts to 1,882.65 points The VIX index drops by 2.75 percent, to 30.04 points
Tuesday subdued movements clearly contrasted with high variability observed in previous sessions. Last week, VIX, known as a “fear meter” on Wall Street, reached about 60 points.
The Bank of America exchange rate increased at Tuesday's session of 3.6 percent. After better results. The company's revenues in the first quarter of USD 2,40 billion, and the market consensus provided for USD 26.99 billion. Citigroup's quotations gained 1.7 percent. The profit for the bank's share in the first quarter was $ 1.96. $ 1.86 was expected per share. They also increased the papers of other companies from the financial sector: Wells Fargo, Morgan Stanley and Goldman Sachs.
This week, reports for the first quarter will publish, among others Netflix and Unitedhealth. Boeing's shares have caught up with 2.4 percent. Bloomberg News said that China ordered the aviation lines not to include further supply of this company aircraft.
According to Brenda Vigiello, director of investment in Sand Hill Global Advisors, this season may not yet provide brightness to investors as to how the new Trump's tariffs will affect companies.
“I think that when it comes to the season season, we will see a lot of uncertainty in relation to some companies. I do not think that we have many answers after this season, except that KW was probably quite good,” she said in CNBC.
According to the BFA Global Research report, global investors have limited their shares in American actions in the last two months, and the record number of managers stated that it was going to still limit their esc one to the USA. Among the respondents of BFA survey, 73 percent stated that the so -called The uniqueness of the US stock market reached the peak.
Investors evaluate the last news about the US trade policy. On Monday, US President Donald Trump said that he was considering the possibility of temporary dismissals from duties for imported vehicles and car parts imported to the United States to give car manufacturers more time to launch production in the USA.
Donald Trump said that companies go to the use of parts that were produced in Canada, Mexico and other places, so they need some time because they will produce them in the USA.
– Markets once again have to face the next deferment of duties by the US, this time on cars, but this only increases uncertainty again – said Marc Ostwald, chief economist at Adm Investor Services International.
– The worst scenario is out of date. The problem is that a header may appear at any time and the market will drop by 3 percent. – said Larry Tentarelli, founder of Blue Chip Daily Trend Report.
Jamie Dimon, general director of JPMorgan Chase, called the White House to negotiate with China before further escalation of the trade war was escalated.
Bloomberg, citing sources, stated that the European Union and the US had made little progress this week in commercial negotiations, because representatives of the White House administration indicated that most American duties imposed on the EU would not be abolished.
On the oil market, contracts for WTI on May increase by 0.05 percent. up to USD 61.56 per barrel, and June Futures on Brentures grow by 0.02 percent. up to 64.89 USD/B. (PAP Biznes)
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