Analytics, News, and Forecasts for CFD Markets: stock news — 07-02-2018.

The main US stock indexes bargained for most of the session with an increase, but finished trading in negative territory amid a new wave of risk aversion.

Important statistical data that could have an impact on the mood of market participants, was not published.

A certain influence was made by the statements of the President of the Federal Reserve Bank of New York William Dudley and the president of the Federal Reserve Bank of Chicago, Charles Evans. Dudley said that the sharp fluctuations of the stock market, observed in recent days, did not change his assessment of the economy and the outlook for monetary policy. However, Dudley said that the Fed leaders should monitor the situation. "If quotes in the stock market fall significantly and remain low, it will really affect the prospects for the economy, as well as my opinion on the further course of monetary policy," added Dudley.

Meanwhile, Evans said that he would prefer not to change rates until mid-2018, to be sure of a steady increase in inflation. "If in the middle of the year the Fed leaders have more confidence in the growth of inflation, further increases in rates will be justified," Evans said.To remind, this year Evans does not have the right to vote in the FOMC when making decisions on the rate.

Oil prices fell more than 2% to a monthly low, after data from the United States unexpectedly indicated an increase in petroleum products stocks, and increased concerns over excess supply during the weaker demand season. The US Energy Ministry reported that in the week of January 27 - February 2, oil reserves increased by 1.895 million barrels to 20.254 million barrels. Analysts had expected an increase in inventories of 3.189 million barrels. Oil reserves in the Cushing terminal were reduced by 711,000 barrels, to 36.3 million barrels.

Most components of the DOW index finished trading in positive territory (18 out of 30). The leader of growth was the shares of The Boeing Company (BA, + 2.51%). Outsider were the shares of Apple Inc. (AAPL -1.85%).

Most sectors of the S & P index recorded an increase. The conglomerate sector grew most (+ 0.8%). The largest decline was in the commodity sector (-1.9%).

At closing:

DJIA -0.08% 24,893.35 -19.42

Nasdaq -0.90% 7,051.98 -63.90

S & P -0.50% 2,681.66 -13.48

U.S. stock-index futures were lower on Tuesday, as an almost 2 percent gain in the previous session was not enough to calm the nerves following the worst one day fall in six years on Monday.

Global Stocks:

Nikkei 21,645.37 +35.13 +0.16%

Hang Seng 30,323.20 -272.22 -0.89%

Shanghai 3,309.58 -61.07 -1.81%

S&P/ASX 5,876.80 +43.50 +0.75%

FTSE 7,216.13 +74.73 +1.05%

CAC 5,197.83 +36.02 +0.70%

DAX 12,506.42 +113.76 +0.92%

Crude $63.17 (-0.35%)

Gold $1,325.90 (-0.27%)

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

Apple (AAPL) initiated with a Neutral at Goldman; target $161

HP (HPQ) initiated with a Neutral at Goldman; target $25

Cisco Systems (CSCO) initiated with a Buy at Goldman; target $48

Walt Disney (DIS) target raised to $125 from $122 at B. Riley FBR

Chevron (CVX) upgraded to Outperform from Market Perform at Wells Fargo

Walt Disney (DIS) reported Q1 FY 2018 earnings of $1.89 per share (versus $1.55 in Q1 FY 2017), beating analysts' consensus estimate of $1.61.

The company's quarterly revenues amounted to $15.351 bln (+3.8% y/y), generally in-line with analysts' consensus estimate of $15.474 bln.

DIS rose to $108.00 (+1.72%) in pre-market trading.

European stock markets closed sharply lower and suffered a seventh straight decline on Tuesday, after a historic selloff in the U.S. the prior day sparked a global market rout.

The U.S. stock market halted its death spiral to close higher Tuesday after a wild day of trading that saw the Dow ricocheting more than 1,000 points, underscoring a new regime of volatility on Wall Street.

Asian stocks rebounded Wednesday after equities in the U.S. roared back in a late-day rally, as investors returned to buying into weakness. "The only surprise about the current market volatility is that it hasn't happened sooner," said Richard Titherington, chief investment officer for emerging-market stocks in Asia at J.P. Morgan Asset & Wealth Management.