Moscow. July 25. INTERFAX.RU Stock Nasdaq Composite index rose at the end of trading on Monday to another record. It happened after rise of stock price of Apple Inc. (+1.2 Percent), Facebook Inc. (+0,95%) and Google Inc. (+0,45%).
Stock indices Dow Jones Industrial Average and Standard & Poor’s 500 dropped at the end of trading on Monday.
Among the companies in the Dow Jones leaders for the decline in prices were shares of General Electric Co. (-1,9%) and Nike Inc. (-1,7%), writes MarketWatch. The S&P 500 index, the most significant drop was shown by stock quotes of the telecommunication and utilities.
This week is loaded enterprise reporting and vital statistics. About 200 companies of the S&P 500 index will release quarterly reports this week.
“The reporting season for the second quarter is quite positive” – the analyst of Bank of America Merrill Lynch’s Savita Subramanian.
“Net profit 68% of the companies published statements, exceeded the forecasts of wall street – said the expert. – The revenue figures were better than expected in 75% of cases, and in 53% of cases, better predictions were as profit and revenue – the highest level in five years.”
The attention of traders this week is also aimed at the next meeting of the Federal reserve system (FRS), which will be held July 25-26.
Experts do not expect the fed change the base interest rate, but will be watching for signals on when the U.S. Central Bank intends to begin reducing the amount of assets on the balance sheet, says chief investment strategist at PNC Asset Management Group bill stone.
On Monday, the international monetary Fund published the July update of World Economic Outlook, in which there is a decrease in the U.S. role as a source of improvement in the global economy. Forecast of GDP growth in the July version of the WEO repeats the June evaluation country report – a rise of 2.1% in 2017-2018, but it is weaker than the April expectations, amounting to 2.3% and 2.5% respectively.
The purchasing managers index (PMI) in the industrial sector the U.S. in July reached the highest level in the last four months – 53.2 points versus 52 points a month earlier. At the same time as a similar measure for the services sector has not changed – 54.2 in December. Values above the neutral 50 mark talking about the strengthening of business activity in the relevant sector of the economy.
Sales in the secondary housing market in the U.S. in June decreased by 1.8% compared to the previous month and made up 5.52 million homes in terms of annual growth, according to the national Association of realtors. Analysts on average had forecast a decrease of 0.9% to 5.57 million
Stock quotes WebMD Health Corp., owning a number of sites of medical subjects, jumped at the end of trading almost 20% on news that it’s buying private equity Fund KKR & Co. for $2.8 billion.
At the same time, the cost of Hasbro Inc. fell by 9.4%. Sale toy manufacturer in the last quarter that missed consensus forecast.
The price of securities Halliburton Co. decreased by 4.2%, despite the fact that the oilfield services company received in second quarter profit and revenue above average expectations.
Market value Arconic decreased by 0.2%, despite the strong statements of the company. Allocated from Alcoa manufacturer of aluminum components for aircraft and vehicles increased its net profit in April-June to $212 million, or 43 cents per share, compared with $135 million, or 27 cents a share, earned during the same period a year earlier. Adjusted earnings amounted to 32 cents per share versus the forecast of 26 cents and revenue of $3.3 billion against the expected $3.2 billion in addition, Arconic improved the forecast of financial performance for the entire year.
The Dow Jones Industrial Average to closing of the market on Monday fell by 0.3% to 21513,17 points.
Standard & Poor’s 500 by this time has decreased on 0,11%, to 2469,91 points.
At the same time, the value of the Nasdaq Composite climbed 0.4% to 6410,81 points.