Analytics, News, and Forecasts for CFD Markets: stock news — 17-07-2019.

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17.07.2019
20:18
Major US stock indexes finished trading in negative territory

Major US stock indexes fell moderately amid mixed corporate reports and reports that negotiations between the US and China were stumped, as the US is trying to figure out what to do with Huawei.

Bank of America (BAC) reported quarterly earnings of $ 0.74 per share, which was $ 0.03 above the average forecast. Bank revenue coincided with forecasts. However, the financial director warned that lower rates would have a negative impact on the growth of net interest income.

Meanwhile, CSX Corp. (CSX) reported weaker than analysts predicted quarterly results. In addition, the company said they expect annual revenues to fall by 1-2%. This put pressure on transport company stocks.

Both earnings and revenue of United Airlines (UAL) were better than analysts had expected. The company also increased its share repurchase program by $ 3 billion.

The focus of market participants was also disappointing data on the US housing market. The Commerce Department reported that housing construction fell in July for the second month in a row, and the number of building permits dropped to a 2-year low, indicating that the housing market continues to experience difficulties despite the decline in mortgage rates. Housing construction fell by 0.9% to a seasonally adjusted annual rate of 1,253 million units last month, as the recovery in single-family housing construction was offset by a fall in multi-family housing construction. Economists had forecast that bookmarks for new homes would fall to 1.261 million units. The construction of single-family homes, which account for the largest share of the housing market, grew by 3.5% to 847,000 units in June, which partially offset the sharp drop in May. Building permits fell 6.1% to 1,220 million units in June, the lowest level since May 2017.

A certain influence on the course of trading was rendered by the Fed's “Beige Book” report. The paper reported that economic activity continued to grow, despite continuing concerns about trade. In 12 federal districts, they reported moderate economic growth at the beginning of the summer, with many companies expressing optimism about the future, although they are closely following ongoing trade negotiations. "In general, the outlook for the coming months was positive, while moderate growth is expected to continue, despite widespread concerns about possible negative effects from trade uncertainty," the report said.

Most of the components of DOW recorded a decline (23 of 30). Walgreens Boots Alliance (WBA; -2.31%) was an outsider. The growth leader was the shares of The Boeing Co. (BA; + 1.64%).

Most sectors of the S & P finished trading in the red. The largest decline was in the industrial goods sector (-1.3%). The utility sector grew the most (+ 0.5%).

At the time of closing:

Dow 27,220.13 -115.50 -0.42%

S & P 500 2,984.42  -19.62 -0.65%

Nasdaq 100 8,185.21 -37.59 -0.46%

19:00
DJIA -0.24% 27,269.90 -65.73 Nasdaq -0.17% 8,209.06 -13.74 S&P -0.39% 2,992.42 -11.62
16:00
European stocks closed: FTSE 100 7,535.46 -41.74 -0.55% DAX 12,341.03 -89.94 -0.72% CAC 40 5,571.71 -42.67 -0.76%
13:33
U.S. Stocks open: Dow -0.07%, Nasdaq +0.03% S&P 0.00%
13:27
Before the bell: S&P futures -0.02%, NASDAQ futures +0.04%

U.S. stock-index futures traded flat on Wednesday, as investors digested the latest batch of quarterly corporate results and U.S. housing market data.


Global Stocks:

Index/commodity

Last

Today's Change, points

Today's Change, %

Nikkei

21,469.18 

-66.07

-0.31%

Hang Seng

28,593.17 

-26.45

-0.09%

Shanghai

2,931.69 

-5.92

-0.20%

S&P/ASX

6,673.30 

+32.30

+0.49%

FTSE

7,565.61 

-11.59

-0.15%

CAC

5,609.72 

-4.66

-0.08%

DAX

12,416.64 

-14.33

-0.12%

Crude oil

$58.19


+0.99%

Gold

$1,407.60


-0.26%

13:02
Wall Street. Stocks before the bell

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


ALCOA INC.

AA

23.61

0.29(1.24%)

1051

ALTRIA GROUP INC.

MO

49.55

0.14(0.28%)

378

Amazon.com Inc., NASDAQ

AMZN

2,003.00

-6.90(-0.34%)

25058

American Express Co

AXP

128.11

0.05(0.04%)

300

Apple Inc.

AAPL

204.09

-0.41(-0.20%)

72904

AT&T Inc

T

33.57

-0.01(-0.03%)

21795

Boeing Co

BA

362.28

-0.47(-0.13%)

3478

Caterpillar Inc

CAT

138.77

-0.32(-0.23%)

3358

Cisco Systems Inc

CSCO

57.48

-0.14(-0.24%)

5291

Citigroup Inc., NYSE

C

70.94

-0.38(-0.53%)

31058

Facebook, Inc.

FB

203.85

0.01(0.00%)

19278

FedEx Corporation, NYSE

FDX

169.8

0.01(0.01%)

1127

Ford Motor Co.

F

10.54

0.03(0.29%)

15507

Freeport-McMoRan Copper & Gold Inc., NYSE

FCX

11.13

0.01(0.09%)

3663

General Electric Co

GE

10.33

-0.05(-0.48%)

1602

Goldman Sachs

GS

214.63

-0.89(-0.41%)

6574

Google Inc.

GOOG

1,153.00

-0.58(-0.05%)

589

Home Depot Inc

HD

216.81

-0.45(-0.21%)

1074

HONEYWELL INTERNATIONAL INC.

HON

174.8

0.02(0.01%)

1132

Intel Corp

INTC

49.3

0.13(0.26%)

20660

International Business Machines Co...

IBM

143.95

0.42(0.29%)

6897

Johnson & Johnson

JNJ

132.8

0.30(0.23%)

5343

JPMorgan Chase and Co

JPM

114.41

-0.71(-0.62%)

29518

Merck & Co Inc

MRK

82

0.41(0.50%)

1154

Microsoft Corp

MSFT

137.15

0.07(0.05%)

26159

Nike

NKE

88.35

-0.25(-0.28%)

642

Pfizer Inc

PFE

42.87

0.02(0.05%)

1448

Starbucks Corporation, NASDAQ

SBUX

90.2

0.12(0.13%)

1585

Tesla Motors, Inc., NASDAQ

TSLA

256.05

3.67(1.45%)

164469

The Coca-Cola Co

KO

52.19

0.05(0.10%)

3808

Twitter, Inc., NYSE

TWTR

38

0.01(0.03%)

28458

UnitedHealth Group Inc

UNH

264.49

-0.17(-0.06%)

1060

Visa

V

179.7

0.39(0.22%)

3626

Wal-Mart Stores Inc

WMT

114.48

-0.28(-0.24%)

958

Walt Disney Co

DIS

144.25

-0.05(-0.03%)

1928

Yandex N.V., NASDAQ

YNDX

40.47

0.20(0.50%)

2860

12:18
Company News: Bank of America (BAC) quarterly earnings beat analysts’ estimate

Bank of America (BAC) reported Q2 FY 2019 earnings of $0.74 per share (versus $0.63 in Q2 FY 2018), beating analysts’ consensus of $0.71.

The company’s quarterly revenues amounted to $23.100 bln (+2.7% y/y), generally in line with analysts’ consensus estimate of $23.130 bln.

BAC fell to $28.86 (-0.45%) in pre-market trading.

00:30
Stocks. Daily history for Tuesday, July 16, 2019
Index Change, points Closed Change, %
NIKKEI 225 -150.65 21535.25 -0.69
Hang Seng 64.74 28619.62 0.23
KOSPI 9.39 2091.87 0.45
ASX 200 -12 6641 -0.18
FTSE 100 45.48 7577.2 0.6
DAX 43.63 12430.97 0.35
Dow Jones -23.53 27335.63 -0.09
S&P 500 -10.26 3004.04 -0.34
NASDAQ Composite -35.39 8222.8 -0.43

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