Moscow. December 10. U.S. stock indices finished Wednesday’s trading in red zone for the third consecutive session amid weaker risk appetite around the world. In early trading the indicators showed a rebound, but he disappeared after the reversal of oil prices down, writes MarketWatch.
While Standard & Poor’s 500 and Dow Jones Industrial Average dropped into negative territory since the beginning of the year, the fall is 0.6% and 1.9%, respectively.
On the day the January contract for WTI fell by 0.9% to $37,16 per barrel, although during the session rose to $38,99 per barrel. Brent crude lost 0.4%, dropping to $40,11 per barrel.
“We are talking about recession now is not in the game at the moment joined other factors, including commodity prices and concerns about global growth,” – said the Deputy Chairman of the Department of stock markets Robert W. Baird & Co. Patrick Spencer.
Among industry segments of the S&P 500 most significantly decreased quotations of securities of high technology companies and consumer goods producers.
A number of oil companies, including Kinder Morgan (+0,1%), reduced dividends, on the one hand, alarmed market participants, but at the same time was interpreted as a positive signal of the imminent completion of the current cycle. Overall, however, the index of energy companies within the S&P 500 rose 1.2%, this is one of the best results in the environment; ExxonMobil gained 1.3 percent, Chevron is 1.3%.
Hiscompany DuPont and Dow Chemical showed the most active growth in the S&P 500 – about 11,9% by the messages about their upcoming merger.
The prices of securities Freeport-McMoRan Inc. rose 3.7% after the announcement on the reduction of capex and production of metals and the suspension of dividend payments on ordinary shares. Market participants hope that these measures will help to stabilize the financial position of the company.
Stock quotes Yahoo! Inc. fell 1.3% after the company confirmed the message about the refusal from the allocation of shares in Chinese Internet giant Alibaba into an independent company.
In less gone paper retailer Costco Wholesale Corp., lost 5.4% on weak quarterly reports. Profit company that operates in the format of a club with membership fees, decreased by 3.2% for the first Fincastle contrary to the predictions of the analysts counting on an increase. The growth of Costco income from membership fees has slowed to 1.9% – a multi-year high.
Market price sportswear manufacturer Lululemon Athletica Inc. fell by 13.1% as a result of the deterioration of forecast revenue.
The Dow Jones Industrial Average following the session on 9 December fell 75,70 point (0,43%) – to 17492,30 item.
Standard & Poor’s 500 fell 15,97 points (0,77%), to 2047,62 item.
The value of the Nasdaq Composite decreased by 75,38 points (1,48%) – to 5022,87 item.