The major stock indexes of the US ended the session on negative territory amid a fall in the share of consumer goods producers, and as energy companies suffered from a drop in oil prices after President Donald Trump criticized OPEC for artificially high prices.
Recall Trump wrote in his Twitter: "It seems that OPEC has again taken on its own." Despite the record oil reserves around the world, including sea tankers packed to the brim with black gold, oil prices are INCREDIBLY high! It's wrong and unacceptable! ". Trump's tweets were published after representatives of the leading oil-producing countries at a meeting in Saudi Arabia confirmed their determination to keep production restrictions.
Most components of the DOW index recorded a decline (24 out of 30). Outsider were the shares of Apple Inc. (AAPL, -4.02%). The leader of growth was shares of General Electric Company (GE, + 3.93%) ..
Almost all sectors of S & P finished trading in the red. The largest decrease was shown by the consumer goods sector (-1.7%). Only the conglomerate sector grew (+ 1.1%).
At closing:
Dow -0.82% 24.462.94 -201.95
Nasdaq -1.27% 7,146.13 -91.93
S & P-0.85% 2,670.14 -22.99
U.S. stock-index futures flat on Friday, as strong quarterly results from General Electritwc (GE; +5.8%) and Honeywell (HON; +2.3%) were overshadowed by a plunge in crude oil prices after the U.S. President Trump's critics of OPEC in Twitter for artificially high prices.
Global Stocks:
| Index/commodity | Last | Today's Change, points | Today's Change, % |
| Nikkei | 22,162.24 | -28.94 | -0.13% |
| Hang Seng | 30,418.33 | -290.11 | -0.94% |
| Shanghai | 3,071.47 | -45.90 | -1.47% |
| S&P/ASX | 5,868.80 | -12.20 | -0.21% |
| FTSE | 7,352.09 | +23.17 | +0.32% |
| CAC | 5,401.71 | +10.07 | +0.19% |
| DAX | 12,530.35 | -37.07 | -0.29% |
| Crude | $67.85 | | -0.70% |
| Gold | $1,343.60 | | -0.39% |
(company / ticker / price / change ($/%) / volume)
| 3M Co | MMM | 219.26 | -0.26(-0.12%) | 1166 |
| ALCOA INC. | AA | 61.47 | 2.07(3.48%) | 91523 |
| ALTRIA GROUP INC. | MO | 61 | -0.50(-0.81%) | 4904 |
| Amazon.com Inc., NASDAQ | AMZN | 1,557.62 | 29.78(1.95%) | 146299 |
| American Express Co | AXP | 98.33 | 3.18(3.34%) | 22091 |
| Apple Inc. | AAPL | 174.73 | -3.11(-1.75%) | 467644 |
| AT&T Inc | T | 35.2 | -0.01(-0.03%) | 4800 |
| Barrick Gold Corporation, NYSE | ABX | 13.3 | 0.04(0.30%) | 4370 |
| Boeing Co | BA | 340 | -1.00(-0.29%) | 2311 |
| Caterpillar Inc | CAT | 156.03 | 0.08(0.05%) | 2826 |
| Chevron Corp | CVX | 124.68 | 0.86(0.69%) | 1057 |
| Cisco Systems Inc | CSCO | 44.49 | -0.14(-0.31%) | 3688 |
| Citigroup Inc., NYSE | C | 68.9 | -0.08(-0.12%) | 3314 |
| Exxon Mobil Corp | XOM | 79.74 | 0.52(0.66%) | 5167 |
| Facebook, Inc. | FB | 166.1 | -0.26(-0.16%) | 47522 |
| FedEx Corporation, NYSE | FDX | 253.1 | -2.43(-0.95%) | 202 |
| Ford Motor Co. | F | 11.2 | 0.02(0.18%) | 55556 |
| Freeport-McMoRan Copper & Gold Inc., NYSE | FCX | 19.29 | 0.11(0.57%) | 9723 |
| General Electric Co | GE | 13.7 | 0.04(0.29%) | 52196 |
| General Motors Company, NYSE | GM | 38.8 | -0.13(-0.33%) | 602 |
| Goldman Sachs | GS | 253.2 | -0.80(-0.32%) | 2809 |
| Google Inc. | GOOG | 1,072.39 | 0.31(0.03%) | 6487 |
| Home Depot Inc | HD | 179.8 | -0.05(-0.03%) | 1768 |
| HONEYWELL INTERNATIONAL INC. | HON | 150 | 0.63(0.42%) | 658 |
| Intel Corp | INTC | 52.83 | -0.78(-1.45%) | 167937 |
| International Business Machines Co... | IBM | 149.1 | 0.31(0.21%) | 40569 |
| Johnson & Johnson | JNJ | 127.64 | -0.08(-0.06%) | 1612 |
| JPMorgan Chase and Co | JPM | 109.45 | 0.13(0.12%) | 2667 |
| McDonald's Corp | MCD | 161.7 | -0.11(-0.07%) | 412 |
| Microsoft Corp | MSFT | 96.45 | 0.01(0.01%) | 52249 |
| Pfizer Inc | PFE | 36.43 | -0.06(-0.16%) | 7460 |
| Procter & Gamble Co | PG | 75.75 | -1.73(-2.24%) | 84531 |
| Starbucks Corporation, NASDAQ | SBUX | 59.4 | -0.10(-0.17%) | 2850 |
| Tesla Motors, Inc., NASDAQ | TSLA | 292.28 | -1.07(-0.36%) | 24075 |
| Twitter, Inc., NYSE | TWTR | 31.4 | -0.14(-0.44%) | 114957 |
| Visa | V | 124.5 | 0.02(0.02%) | 1400 |
| Wal-Mart Stores Inc | WMT | 88.02 | 0.45(0.51%) | 11310 |
| Walt Disney Co | DIS | 101.4 | 0.19(0.19%) | 429 |
| Yandex N.V., NASDAQ | YNDX | 35.7 | 0.72(2.06%) | 172493 |
Procter & Gamble (PG) downgraded to Neutral from Buy at BofA/Merrill
Procter & Gamble (PG) downgraded to Hold from Buy at Deutsche Bank
Twitter (TWTR) upgraded to Buy from Neutral at MKM Partners; target $40
Honeywell (HON) reported Q1 FY 2018 earnings of $1.95 per share (versus $1.66 in Q1 FY 2017), beating analysts' consensus estimate of $1.90.
The company's quarterly revenues amounted to $10.392 bln (+9.5% y/y), beating analysts' consensus estimate of $10.028 bln.
The company raised FY2018 EPS guidance to $7.85-8.05 from $7.75-8.00 (versus analysts' consensus estimate of $7.95) and increased FY 2018 revenues guidance to $42.7-43.5 bln from $41.8-42.5 bln (versus analysts' consensus estimate of $42.23 bln).
For Q2, the company projects EPS of $1.97-2.03 versus analysts' consensus estimate of $2.00 and revenues of $10.7-10.8 bln versus analysts' consensus estimate of $10.6 bln.
HON rose to $150.50 (+1.60%) in pre-market trading.
General Electric (GE) reported Q1 FY 2018 earnings of $0.16 per share (versus $0.21 in Q1 FY 2017), beating analysts' consensus estimate of $0.11.
The company's quarterly revenues amounted to $28.660 bln (+6.6% y/y), beating analysts' consensus estimate of $27.260 bln.
The company also reaffirmed guidance for FY 2018, projecting EPS of $1.00-1.07 versus analysts' consensus estimate of $0.95.
GE rose to $14.77 (5.58%) in pre-market trading.
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