The major stock markets in the US ended the session mixed: the S & P 500 and Dow pulled back from record levels amid a recession in Apple shares (AAPL) after media reports of concerns about the demand for the iPhone X, while the Nasdaq index grew moderately.
Meanwhile, as shown by data provided by the Federal Reserve Bank of Dallas, in January, the business activity of Texas producers improved, despite the experts' forecast for a fall. According to the report, the production index of the Federal Reserve Bank of Dallas in January rose to 33.4 points from 29.7 points in December. The latter value was the highest for more than 12 years. Analysts had expected the decline to 25.3 points.
Oil prices fell by more than 1% on Monday, as the increase in production in the US undermines OPEC and Russia's efforts to tighten supplies. Pressure on oil was also provided by the resumed strengthening of the US currency. However, prices were still on the way to their strongest start of the year in five years. This month, Brent oil has risen in price by about 6.3%, which is the maximum growth in January from 2013.
Most components of the DOW index finished trading in the red (23 of 30). The leader of growth was the shares of The Goldman Sachs Group, Inc. (GS, + 1.75%). Outsider were shares of Caterpillar Inc. (CAT, -2.58%).
All S & P sectors recorded a decline. The largest decrease was in the base resources sector (-1.3%).
At closing:
DJIA -0.67% 26.439.48 -177.23
Nasdaq + 0.75% 7.466.50 +55.34
S & P -0.67% 2,853.52 -19.35
© 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.