Market news
11.10.2016, 20:07

Major US stock indices closed in the red zone

Major US stock indices fell amid falling in all sectors after a report Alcoa began the season of quarterly reports on disappointing note.

Shares of the aluminum giant Alcoa (AA) fell by 11.4%, which was the worst day dynamics of day-to-five years. According to the published report, Alcoa profit for the third quarter of fiscal year 2016 was $ 0.32 per share, in line with the average forecast of analysts. At the same time, the company's quarterly revenue was $ 5.213 billion., Several confounding market expectations at the level of $ 5.292 billion. It is worth noting that this was the last time when Alcoa reported back as one company. November 1, the company will split its business into two independent companies involved in raw materials (Alcoa) and high value-added production output (Arconic).

The cost of oil futures declined moderately, departing from the multi-month highs, which was caused by the publication of the report of the International Energy Agency (IEA). The IEA report says that world oil supply rose in September, but it was noticed the decline in world oil reserves in the vaults. "Forecast of supply and demand suggests that the market itself will remain in a supersaturated state during the first half of next year if OPEC will stick to the set threshold production, market re-balancing can occur more quickly." - Says the IEA review. In addition, the IEA revised its forecast for oil demand in 2016 to 96.3 million barrels a day, which implies an increase of 1.2 million. To the previous year (previously expected to grow by 1.3 million.).

Almost all the components of DOW index closed in negative territory (28 of 30). More rest rose stocks Apple Inc. (AAPL, + 0.32%). Outsider were shares of Merck & Co., Inc. (MRK, -3.11%).

All business sectors S & P index showed a drop. the health sector decreased most (-2.4%).

At the close:

Dow -1.08% 18,131.23 -197.81

Nasdaq -1.54% 5,246.79 -81.88

S & P -1.24% 2,136.82 -26.84

© 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.

AML Website Summary

Risk Disclosure

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.

Privacy Policy

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.

Bank
transfers
Feedback
Live Chat E-mail
Up
Choose your language / location