2018-09-11 13:11:15
US stock indices Standard & Poor's 500 and Nasdaq Composite on Monday cut the series of declines that lasted four trading days in a row, thanks to corporate news, while the Dow Jones Industrial Average finished the auctions in negative territory.
The Dow Jones Industrial Average on September 10 fell by 59.47 points (0.23%) to 25857.07 points.
Standard & Poor's 500 increased by 5.45 points (0.19%) - to 2877.13 points.
Nasdaq Composite added 21.62 points (0.27%) to 7924.16 points.
Last week, the S & P 500 fell 1%, which was the first weekly decline for the month, and the Nasdaq Composite lost 2.6%, and this was a record drop since March.
The main negative factor for the stock markets recently are concerns about foreign trade risks.
US President Donald Trump told reporters on Friday that he was willing to impose additional import duties on Chinese goods worth $ 267 billion a year. He added that the US authorities are finishing preparations for the introduction of previously announced duties on products from the PRC in the amount of $ 200 billion. Taking into account the measures already taken, almost all supplies from China can be under new tariffs.
"We expect that US indices will begin to recover moderately after the collapse last week, despite escalating tensions in foreign trade," said Michael Hewson, senior market analyst at CMC Markets.
Last weekend, David Trump on Twitter called on Apple Inc. (NASDAQ: AAPL), the world's largest capitalization company, to move its production to the US from China due to the likely introduction of duties.
Representatives of Apple have not yet responded to this statement, but earlier last week indicated that the previously proposed import duties on Chinese goods worth $ 200 billion a year "will not only put Apple at a disadvantage in comparison with foreign competitors, but also lead to higher prices for consumers, lower US economic growth rates and other undesirable economic consequences. "
The market value of the manufacturer of electric vehicles Tesla Inc. jumped 6.1% on a statement by the head and founder of the company Donald Trump that he intends to change the composition of the top management of Tesla. Last week it became known that the chief accountant and the head of the personnel department had left the company.
Apple's shares fell by less than 0.1% on Monday.
D. Trump also suggested Ford to move to the United States the production of compact off-road vehicle Focus Active, but the company said that it does not intend to do this, because the expected sales of this car in the US do not exceed 50 thousand units per year.
Ford securities are up 1.2%.
The value of the shares of the CBS media company fell by 1.5% on news that the chief executive officer and chairman of the board of directors Leslie Munves resigned amid accusations of sexual harassment of women.
Capitalization of Science Applications International Corp. (SAIC) fell by 9.1%. The US IT service provider to government customers has reached an agreement to acquire competing Engility Holdings for $ 2.5 billion, including $ 900 million in arrears.
Quotes of Engility rose 0.1%.
The price of United Rentals (NYSE: URI) Inc. securities. grew by 5.1% after the largest US company in the rental of various equipment agreed with the Platinum Equity fund to buy from it a competing company BlueLine Rental for $ 2.1 billion.
Stock quotes Snap Inc (NYSE: SNAP). dropped 1.9% on news that the company's chief strategy officer, Imran Khan, intends to leave the company.
Shares of the construction company Hovnanian Enterprises went up by 3.3%. The company recorded a drop in revenue in the previous quarter, but reported a loss of 1 cents per share, while experts forecast a loss of 6 cents per share.
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