US stocks fell in anticipation of significant market events

Moscow. June 7. INTERFAX.RU – US stocks dropped on Tuesday amid growing nervousness of traders waiting for important market events are scheduled mostly for Thursday.

Investors ‘ attention is focused on parliamentary elections in the UK, which will be held June 8, in the same day will be a meeting of the European Central Bank (ECB), writes MarketWatch.

In addition, on Thursday, former FBI Director James Comey will testify before the U.S. Congress and answer questions concerning possible intervention of President Donald trump in the investigation against former national security adviser Michael Flynn.

The cautious stance of investors led Tuesday to a rise in the demand for assets in safe-havens, including US Treasuries and Japanese yen.

“We believe that the market expects a sideways trend in the short term, including due to seasonality – the summer months are traditionally more quiet, and investors will continue to react to loud events”, – said the head of Traditional Investment Group at U.S. Bank Wealth Management Lisa Kopp.

Kopp, however, waits for the rise of the S&P 500 index by the end of this year thanks to the support of fundamental factors.

Among the major companies included in the index Dow Jones, the leaders of the declines on Tuesday were shares of Wal-Mart Stores (-1.7%) and Boeing (-1,2%.)

Paper Apple Inc. rose in price by 0.3%. On the eve of the annual conference for developers WWDC, Apple introduced updated operating system for mobile devices iOS and OS desktop macOS, a number of new devices and the new design of the App store.

The value of the shares fell 0.4%. The online retailer reported a decrease of membership dues for the three categories of customers with low income.

Capitalization of 21st Century Fox declined 0.6%. Media group announced the purchase of the Studio, Aftershock, involved in the development of video games.

Shares of the American manufacturer of clothing and shoes of Guess? Inc. lost 6.2 percent after the European Commission announced its intention to conduct an investigation concerning practices in product distribution company. The EC, in particular, plans to check do not restrict whether the Guess? authorized retailers in the online sale of products to consumers or retailers in other EU countries.

Paper network of Department stores Macy’s Inc. fell 8.2 percent, following a deterioration in the company forecast margins.

The Dow Jones Industrial Average to closing of the market on Tuesday fell 0.2 percent to 21136,23 points.

Standard & Poor’s 500 down 0.3%, to 2429,33.

Value of index Nasdaq Composite has decreased on 0,3% – to 6275,06 points.