Major US stock indices predominantly rose after a two-day sell-off, as strong quarterly results from Foot Locker and growth in the commodity sector improved investor sentiment and compensated for the fall in the utility sector.
In addition, investors analyzed the US data block. The final results of the research, presented by Thomson-Reuters and the Michigan Institute, showed that in November, American consumers felt more pessimistic about the economy than last month. According to the data, in November, the consumer sentiment index fell to 97.5 points compared with the final reading for October of 98.6 points and a preliminary value for November of 98.3 points. Experts predicted that the index will be 98.3 points.
Meanwhile, the National Association of Realtors said that home sales in the secondary market increased by 1.4%, to a seasonally adjusted annual rate of 5.22 million units. Although the latter value was slightly higher than in September (5.15 million units), sales remained 5.1% lower than in October 2017, which is the sharpest 12-month decline since July 2014. Economists had expected home sales to grow to 5.2 million units in October.
Most of the components of DOW finished trading in positive territory (16 of 30). The growth leader was NIKE, Inc. (NKE, + 1.93%). Johnson & Johnson (JNJ, -3.06%) was an outsider.
Almost all sectors of the S & P recorded an increase. The commodity sector grew the most (+ 2.0%). Decline shows only the utilities sector (-0.9%)
Index | Change, points | Closed | Change, % |
Dow Jones | -0.95 | 24464.69 | 0 |
S&P 500 | 8.04 | 2649.93 | 0.3 |
NASDAQ Composite | 63.43 | 6972.25 | 0.92 |
U.S. stock-index futures rose on Wednesday, correcting after a massive two-day selloff, which pushed the S&P 500 and the Dow Jones Industrial Average in the red for the year.
Global Stocks:
Index/commodity | Last | Today's Change, points | Today's Change, % |
Nikkei | 21,507.54 | -75.58 | -0.35% |
Hang Seng | 25,971.47 | +131.13 | +0.51% |
Shanghai | 2,651.51 | +5.65 | +0.21% |
S&P/ASX | 5,642.80 | -29.00 | -0.51% |
FTSE | 7,021.22 | +73.30 | +1.05% |
CAC | 4,947.85 | +22.96 | +0.47% |
DAX | 11,163.82 | +97.41 | +0.88% |
Crude | $54.63 | +2.25% | |
Gold | $1,226.50 | +0.43% |
(company / ticker / price / change ($/%) / volume)
3M Co | MMM | 200.23 | 1.08(0.54%) | 2911 |
ALCOA INC. | AA | 33.25 | 0.57(1.74%) | 2450 |
ALTRIA GROUP INC. | MO | 55.89 | 0.26(0.47%) | 578 |
Amazon.com Inc., NASDAQ | AMZN | 1,530.00 | 34.54(2.31%) | 73400 |
Apple Inc. | AAPL | 178.93 | 1.95(1.10%) | 656510 |
AT&T Inc | T | 29.65 | 0.23(0.78%) | 102397 |
Barrick Gold Corporation, NYSE | ABX | 13.25 | 0.22(1.69%) | 93109 |
Boeing Co | BA | 323.89 | 6.19(1.95%) | 28087 |
Caterpillar Inc | CAT | 123.01 | 0.74(0.61%) | 15909 |
Chevron Corp | CVX | 117.1 | 1.00(0.86%) | 9988 |
Cisco Systems Inc | CSCO | 44.8 | 0.31(0.70%) | 16920 |
Citigroup Inc., NYSE | C | 63.15 | 0.62(0.99%) | 50881 |
Deere & Company, NYSE | DE | 134.34 | -4.18(-3.02%) | 39559 |
Exxon Mobil Corp | XOM | 77.65 | 0.68(0.88%) | 4827 |
Facebook, Inc. | FB | 134.09 | 1.66(1.25%) | 166329 |
Ford Motor Co. | F | 9.15 | 0.09(0.99%) | 11486 |
Freeport-McMoRan Copper & Gold Inc., NYSE | FCX | 11.18 | 0.30(2.76%) | 12593 |
General Electric Co | GE | 7.78 | 0.13(1.70%) | 954536 |
Goldman Sachs | GS | 192 | 0.66(0.34%) | 32812 |
Google Inc. | GOOG | 1,035.00 | 9.24(0.90%) | 6968 |
Home Depot Inc | HD | 172 | 2.95(1.75%) | 4214 |
Intel Corp | INTC | 47.91 | 0.52(1.10%) | 64023 |
International Business Machines Co... | IBM | 117.75 | 0.55(0.47%) | 10450 |
Johnson & Johnson | JNJ | 145.85 | -0.60(-0.41%) | 2043 |
JPMorgan Chase and Co | JPM | 109 | 0.55(0.51%) | 18669 |
McDonald's Corp | MCD | 184.22 | 0.51(0.28%) | 3214 |
Merck & Co Inc | MRK | 74.9 | 0.12(0.16%) | 1447 |
Microsoft Corp | MSFT | 102.95 | 1.24(1.22%) | 136250 |
Nike | NKE | 72.24 | 1.12(1.57%) | 5823 |
Pfizer Inc | PFE | 43.65 | 0.12(0.28%) | 4748 |
Procter & Gamble Co | PG | 91.65 | -0.45(-0.49%) | 3381 |
Starbucks Corporation, NASDAQ | SBUX | 67.4 | 0.22(0.33%) | 9423 |
Tesla Motors, Inc., NASDAQ | TSLA | 352.49 | 5.00(1.44%) | 59399 |
The Coca-Cola Co | KO | 49.58 | 0.20(0.41%) | 3212 |
Twitter, Inc., NYSE | TWTR | 31.45 | 0.39(1.26%) | 34812 |
UnitedHealth Group Inc | UNH | 263.01 | 1.51(0.58%) | 1701 |
Verizon Communications Inc | VZ | 59.8 | 0.34(0.57%) | 5418 |
Visa | V | 135.09 | 1.72(1.29%) | 18229 |
Wal-Mart Stores Inc | WMT | 94.57 | 0.41(0.44%) | 7903 |
Walt Disney Co | DIS | 112.6 | 0.73(0.65%) | 8199 |
Yandex N.V., NASDAQ | YNDX | 28.84 | 0.99(3.55%) | 1957 |
Yandex N.V. (YNDX) initiated with a Buy at Jefferies
Goldman Sachs (GS) downgraded to Equal-Weight from Overweight at Morgan Stanley
Deere (DE) reported Q4 FY 2018 earnings of $2.30 per share (versus $1.57 in Q4 FY 2017), missing analysts’ consensus estimate of $2.45.
The company’s quarterly revenues amounted to $8.343 bln (+17.6% y/y), missing analysts’ consensus estimate of $8.586 bln.
DE fell to $133.55 (-3.59%) in pre-market trading.
A positive start to trading on the stock markets in Europe is expected, due to a rebound in Asian trading and a positive start to the day seen in US stock futures. The improvement in risk sentiment observed in stock markets push the dollar lower.
Index | Change, points | Closed | Change, % |
---|---|---|---|
NIKKEI 225 | -238.04 | 21583.12 | -1.09 |
Hang Seng | -531.66 | 25840.34 | -2.02 |
KOSPI | -17.98 | 2082.58 | -0.86 |
ASX 200 | -21.9 | 5671.8 | -0.38 |
DAX | -178.13 | 11066.41 | -1.58 |
Dow Jones | -551.8 | 24465.64 | -2.21 |
S&P 500 | -48.84 | 2641.89 | -1.82 |
NASDAQ Composite | -119.66 | 6908.82 | -1.7 |
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