US stock indicators fell Tuesday amid falling commodity prices and weak reporting the world's largest retailer Wal-Mart Stores.
Raw materials continued to fall in price, with the strongest fall in the copper price, and oil. Negative dynamics support concerns that China's economic growth will continue to slow down, and the oil market remain significant excess supply.
Chinese stocks fell again amid falling yuan against the dollar, sparking new fears that Beijing may devalue the national currency more than the central bank is assured.
Meanwhile, the positive statistical data from the US housing market kept falling indices. Housing starts continued to rise in July, helped by a surge in single-family homes sector bookmarks. This was reported in the statement of the Ministry of Commerce. According to data seasonally adjusted bookmarks of new homes rose in July by 0.2% in the previous month, reaching an annual rate of 1 206 thousand. Units. The last value is the highest since October 2007. Adding that this was the third time in four months, when the index reached a new record high since the recession began.
Most components of the index finished trading DOW minus (20 of 30). Outsider shares in Wal-Mart Stores Inc. (WMT, -3.48%). More rest up shares The Home Depot, Inc. (HD, + 2.79%).
All sectors of the index S & P closed in the red. Most conglomerates sector fell (-1.1%).
The stock price of Home Depot Inc. It grew by 2.8%. The largest US chain of stores for home goods increased its net profit in the 2nd fiscal quarter of 2015 by 9% and improved annual forecast as high demand for property increases the cost of Americans for goods for repair.
However, Wal-Mart's capitalization declined by 3.5%. US retailer has not justified forecasts of the market in terms of net profits last finkvartale and downgraded the outlook for the year as a whole due to the unfavorable impact of currency fluctuations.
© 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.