Analytics, News, and Forecasts for CFD Markets: stock news — 07-08-2019.

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07.08.2019
20:13
Major US stock indices closed trading mostly in positive territory

The main US stock indices mostly rose, but not significantly, as investors worried about the impact of increasing trade tensions between the US and China preferred safer assets.

The yield on 10-year US Treasury bonds earlier today reached its lowest level since 2016. This further smoothed the yield curve, a closely watched market recession indicator. The spread between the yield on 10-year government bonds and the yield on 2-year government bonds fell to the lowest level since 2007.

The fall in US government bond yields also reflected increased expectations that the Federal Reserve would cut interest rates three more times by the end of the year, with markets seeing a 100 percent chance of a decline in September.

Against this background, shares of banks, including J.P. Morgan Chase (JPM) and Bank of America (BAC) have come under pressure because they will lose the most as a result of lower interest rates.

Another factor that had a negative impact on the market was the fact that China set a lower-than-expected exchange rate for the yuan against the dollar. The People’s Bank of China (NBK) set the official average yuan rate on Wednesday at 6.9996 yuan for $ 1, which is 0.45% lower than the previous day, and only slightly below the psychologically important level of 7 yuan for $ 1.

The trade war between China and the United States has been going on for more than a year. Investors are concerned about its implications for the global economy and corporate results. Some central banks have even begun to cut interest rates under pressure from these fears. At night, New Zealand, India and Thailand all made decisions to lower interest rates.

Most DOW components recorded a decrease (17 out of 30). Outsider were the shares of The Walt Disney Co. (DIS; -4.96%). The biggest gainers were Walgreens Boots Alliance, Inc. (WBA; + 1.89%).

Most S&P sectors completed trading in positive territory. The consumer goods sector grew more than the rest (+ 0.9%). The conglomerate sector showed the largest decrease (-0.7%).

At the time of closing:

Dow 26,006.87 -22.65  -0.09%

S&P 500 2,884.01 +2.24 + 0.08%

Nasdaq 100 7,862.83 +29.56 + 0.38%

19:01
DJIA -0.14% 25,993.83 -35.69 Nasdaq +0.36% 7,861.14 +27.87 S&P +0.05% 2,883.22 +1.45
16:01
European stocks closed: FTSE 100 7,195.37 +23.68 +0.33% DAX 11,650.15 +82.19 +0.71% CAC 40 5,266.51 +31.86 +0.61%
13:35
U.S. Stocks open: Dow -1.60%, Nasdaq -1.28% S&P -1.39%
13:27
Before the bell: S&P futures -0.96%, NASDAQ futures -1.01%

U.S. stock-index futures declined on Wednesday as investors flocked to safe-haven assets amid increased concerns over the impact of the intensifying U.S.-China trade war on global economic growth.


Global Stocks:

Index/commodity

Last

Today's Change, points

Today's Change, %

Nikkei

20,516.56 

-68.75

-0.33%

Hang Seng

25,997.03 

+20.79

+0.08%

Shanghai

2,768.68 

-8.88

-0.32%

S&P/ASX

6,519.50 

+41.40

+0.64%

FTSE

7,194.92 

+23.23

+0.32%

CAC

5,265.08 

+30.43

+0.58%

DAX

11,632.03 

+64.07

+0.55%

Crude oil

$52.39


-2.29%

Gold

$1,506.60


+1.51%

12:49
Wall Street. Stocks before the bell

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


3M Co

MMM

162.77

-0.94(-0.57%)

5058

ALTRIA GROUP INC.

MO

46.1

-0.06(-0.13%)

3672

Amazon.com Inc., NASDAQ

AMZN

1,775.05

-12.78(-0.71%)

75314

American Express Co

AXP

121.75

-0.80(-0.65%)

1060

AMERICAN INTERNATIONAL GROUP

AIG

53.51

-0.87(-1.60%)

1256

Apple Inc.

AAPL

195.6

-1.40(-0.71%)

305422

AT&T Inc

T

33.79

-0.17(-0.50%)

232301

Boeing Co

BA

330.1

-2.35(-0.71%)

18132

Caterpillar Inc

CAT

120.59

-1.49(-1.22%)

5337

Chevron Corp

CVX

119.45

0.07(0.06%)

891

Cisco Systems Inc

CSCO

52.06

-0.54(-1.03%)

37197

Citigroup Inc., NYSE

C

65

-1.25(-1.89%)

15850

Deere & Company, NYSE

DE

153

0.22(0.14%)

201

Exxon Mobil Corp

XOM

70.37

-0.59(-0.83%)

5875

Facebook, Inc.

FB

182.58

-1.93(-1.05%)

101973

FedEx Corporation, NYSE

FDX

161

-0.19(-0.12%)

11414

Ford Motor Co.

F

9.45

-0.03(-0.32%)

56250

Freeport-McMoRan Copper & Gold Inc., NYSE

FCX

10.04

-0.10(-0.99%)

30982

General Electric Co

GE

9.5

-0.07(-0.73%)

119203

Goldman Sachs

GS

202.01

-4.00(-1.94%)

7405

Google Inc.

GOOG

1,160.00

-9.95(-0.85%)

6554

Hewlett-Packard Co.

HPQ

19.1

-0.15(-0.78%)

5394

Home Depot Inc

HD

207

-1.80(-0.86%)

6324

HONEYWELL INTERNATIONAL INC.

HON

162.92

-1.60(-0.97%)

624

Intel Corp

INTC

46.55

-0.41(-0.87%)

23796

International Business Machines Co...

IBM

139.75

-0.98(-0.70%)

12818

International Paper Company

IP

39.85

-0.12(-0.30%)

980

Johnson & Johnson

JNJ

130.61

-0.16(-0.12%)

3307

JPMorgan Chase and Co

JPM

108.11

-2.32(-2.10%)

26378

McDonald's Corp

MCD

214.19

0.11(0.05%)

4863

Merck & Co Inc

MRK

84.3

-0.05(-0.06%)

2991

Microsoft Corp

MSFT

133.5

-1.19(-0.88%)

180789

Nike

NKE

80.75

-0.55(-0.68%)

2946

Pfizer Inc

PFE

36.88

-0.07(-0.19%)

6294

Procter & Gamble Co

PG

114.29

0.01(0.01%)

3271

Starbucks Corporation, NASDAQ

SBUX

94.89

-0.09(-0.09%)

6676

Tesla Motors, Inc., NASDAQ

TSLA

228.6

-2.15(-0.93%)

50052

The Coca-Cola Co

KO

52.31

0.04(0.08%)

5733

Twitter, Inc., NYSE

TWTR

40.8

-0.52(-1.26%)

70147

Verizon Communications Inc

VZ

55

-0.05(-0.09%)

1642

Visa

V

171.46

-1.02(-0.59%)

17944

Wal-Mart Stores Inc

WMT

106.8

-0.47(-0.44%)

4711

Walt Disney Co

DIS

134.75

-7.12(-5.02%)

381731

Yandex N.V., NASDAQ

YNDX

36.85

-0.25(-0.67%)

26036

12:03
Company News: Walt Disney (DIS) quarterly results miss analysts’ estimates

Walt Disney (DIS) reported Q3 FY 2019 earnings of $1.35 per share (versus $1.87 in Q3 FY 2018), missing analysts’ consensus estimate of $1.74.

The company’s quarterly revenues amounted to $20.245 bln (+32.9% y/y), missing analysts’ consensus estimate of $21.404 bln.

DIS fell to $136.00 (-4.14%) in pre-market trading.

00:30
Stocks. Daily history for Tuesday, August 6, 2019
Index Change, points Closed Change, %
NIKKEI 225 -134.98 20585.31 -0.65
Hang Seng -175.08 25976.24 -0.67
KOSPI -29.48 1917.5 -1.51
ASX 200 -162.2 6478.1 -2.44
FTSE 100 -52.16 7171.69 -0.72
DAX -90.55 11567.96 -0.78
Dow Jones 311.78 26029.52 1.21
S&P 500 37.03 2881.77 1.3
NASDAQ Composite 107.23 7833.27 1.39

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