Analytics, News, and Forecasts for CFD Markets: stock news — 17-05-2018.

Major US stock indexes finished trading below zero, but the index of small-cap companies Russell 2000 reached a record level, despite the growth of yield of US bonds to seven-year highs.

A slight impact on the course of trading was provided by the report submitted by the Federal Reserve Bank of Philadelphia. It reported that the index of business activity in the production sector rose in May to a level of 34.4 points compared to 23.2 points in April. Economists had expected the decline to 21.0 points.

Quotes of oil have increased significantly due to fears that Iranian exports may fall due to the resumption of US sanctions, which will reduce supply in the already tougher market.

Most of the components of DOW finished trading in the red (19 of 30). Outsider were the shares of Cisco Systems, Inc. (CSCO, -3.76%). The leader of growth was the shares of The Coca-Cola Company (KO, + 1.81%).

Most S & P sectors recorded a decline. The utilities sector showed the greatest decrease (-0.6%). The conglomerate sector grew most (+ 1.0%).

At closing:

Index

Dow 24,713.98 -54.95 -0.22%

S & P 500 2,720.13 -2.33 -0.09%

Nasdaq 100 7,382.47-15.82 -0.21%

U.S. stock-index futures fell on Thursday as Cisco's (CSCO; -4.1%) quarterly report put pressure on the techs, while the U.S. Treasury yields remained at multi-year highs.

Global Stocks:

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

Coca-Cola (KO) upgraded to Overweight from Equal Weight at Barclays

American Intl (AIG) upgraded to Buy from Neutral at UBS

Walmart (WMT) reported Q1 FY 2019 earnings of $1.14 per share (versus $1.00 in Q1 FY 2018), beating analysts' consensus estimate of $1.12.

The company's quarterly revenues amounted to $121.630 bln (+4.4% y/y), beating analysts' consensus estimate of $119.295 bln.

WMT rose to $87.59 (+1.70%) in pre-market trading.

Cisco Systems (CSCO) reported Q3 FY 2018 earnings of $0.66 per share (versus $0.60 in Q3 FY 2017), beating analysts' consensus estimate of $0.65.

The company's quarterly revenues amounted to $12.463 bln (+4.4% y/y), generally in-line with analysts' consensus estimate of $12.435 bln.

The company also issued in-line guidance for Q4 FY 2018, projecting EPS of $0.68-0.70 (versus analysts' consensus estimate of $0.69) and revenue growth of +4-6% y/y to est. $12.62-12.86 bln (versus analysts' consensus estimate of $12.72 bln).

CSCO fell to $43.27 (-4.19%) in pre-market trading.