The main US stock indexes rose, but only slightly, as investors are concerned about the possibility of President Donald Trump to implement his policy, and on the eve of a potentially tense meeting with Chinese President Xi Jinping, scheduled for April 6-7 in Florida.
The market moved away from session lows after Trump stated that infrastructure costs in the US could exceed $ 1 trillion and that his administration was working on major changes in Dodd-Frank banking regulation, reviving some of his campaign promises.
In addition, according to a report from the Department of Commerce, the US trade deficit in February fell more than expected, as exports increased to a two-year high, and a slowdown in domestic demand was due to imports. According to the report, the trade deficit decreased by 9.6% to $ 43.6 billion. Economists predicted a reduction in the trade deficit to $ 44.9 billion in February.
At the same time, production orders rose in February for the seventh time in eight months, which was a sign of a recovery in the manufacturing industry. Production orders rose by 1%, the Commerce Ministry said, which corresponds to a consensus forecast. The release in January was raised to 1.5%.
The components of the DOW index have mostly grown (19 out of 30). More shares fell NIKE, Inc. shares. (NKE, -0.97%). Caterpillar Inc. (CAT, + 2.12%) was the growth leader.
The sectors of the S & P index showed multidirectional dynamics. The conglomerate sector fell most of all (-0.5%). The leader of growth was the sector of basic materials (+ 0.7%).
At closing:
DJIA + 0.19% 20.689.18 +38.97
Nasdaq + 0.07% 5,898.61 +3.93
S & P + 0.05% 2,360.11 +1.27
Major U.S. stock-indexes little changed on Tuesday, trading in a tight range, as investors fretted over the ability of President Donald Trump to deliver on his policy plans, and ahead of his potentially tense meeting with Chinese President Xi Jinping. However, the market moved off session lows after Trump said the U.S. infrastructure bill may top $1 trillion and that his administration was working on a major "haircut" on the Dodd-Frank banking regulation, rekindling some of his campaign promises.
Most of Dow stocks in positive area (18 of 30). Top loser - Cisco Systems, Inc. (CSCO, -0.77%). Top gainer - Caterpillar Inc. (CAT, +2.29%).
S&P sectors mixed. Top loser - Conglomerates (-0.3%). Top gainer - Basic Materials (+0.5%).
At the moment:
Dow 20620.00 +30.00 +0.15%
S&P 500 2354.00 -2.00 -0.08%
Nasdaq 100 5431.50 -3.00 -0.06%
Oil 51.09 +0.85 +1.69%
Gold 1258.00 +4.00 +0.32%
U.S. 10yr 2.36 +0.01
U.S. stock-index futures as investors fretted over the ability of President Donald Trump to deliver on his policy plans, and the outcome of his potentially tense meeting with the President of the People's Republic of China Xi Jinping later this week.
Stocks:
Nikkei 18,810.25 -172.98 -0.91%
FTSE 7,312.94 +30.25 +0.42%
CAC 5,081.54 -4.37 -0.09%
DAX 12,245.28 -11.92 -0.10%
Crude $50.55 (+0.62%)
Gold $1,260.90 (+0.55%)
(company / ticker / price / change ($/%) / volume)
ALCOA INC. | AA | 34.21 | -0.01(-0.03%) | 2256 |
ALTRIA GROUP INC. | MO | 71.5 | -0.12(-0.17%) | 354 |
Amazon.com Inc., NASDAQ | AMZN | 889.75 | -1.76(-0.20%) | 14899 |
AMERICAN INTERNATIONAL GROUP | AIG | 61.51 | -0.28(-0.45%) | 315 |
Apple Inc. | AAPL | 143.35 | -0.35(-0.24%) | 55122 |
Barrick Gold Corporation, NYSE | ABX | 19.53 | 0.22(1.14%) | 56367 |
Caterpillar Inc | CAT | 93.89 | 1.62(1.76%) | 22148 |
Chevron Corp | CVX | 107.4 | -0.40(-0.37%) | 420 |
Citigroup Inc., NYSE | C | 59.1 | -0.58(-0.97%) | 9130 |
Facebook, Inc. | FB | 141.73 | -0.55(-0.39%) | 47100 |
Ford Motor Co. | F | 11.37 | -0.07(-0.61%) | 64419 |
Freeport-McMoRan Copper & Gold Inc., NYSE | FCX | 13.6 | 0.36(2.72%) | 179329 |
General Electric Co | GE | 29.8 | -0.08(-0.27%) | 3786 |
General Motors Company, NYSE | GM | 33.93 | -0.24(-0.70%) | 21625 |
Goldman Sachs | GS | 227 | -1.96(-0.86%) | 5073 |
Google Inc. | GOOG | 830.5 | -8.05(-0.96%) | 3536 |
Hewlett-Packard Co. | HPQ | 17.54 | -0.05(-0.28%) | 679 |
Intel Corp | INTC | 36.1 | -0.06(-0.17%) | 5722 |
International Business Machines Co... | IBM | 173.59 | -0.91(-0.52%) | 1880 |
JPMorgan Chase and Co | JPM | 86.5 | -0.52(-0.60%) | 21554 |
Nike | NKE | 55.25 | -0.31(-0.56%) | 4520 |
Pfizer Inc | PFE | 34.06 | -0.18(-0.53%) | 971 |
Tesla Motors, Inc., NASDAQ | TSLA | 297.5 | -1.02(-0.34%) | 80161 |
Twitter, Inc., NYSE | TWTR | 14.79 | -0.05(-0.34%) | 17496 |
United Technologies Corp | UTX | 112.08 | 0.15(0.13%) | 2012 |
Verizon Communications Inc | VZ | 49.08 | -0.10(-0.20%) | 2673 |
Wal-Mart Stores Inc | WMT | 71.73 | -0.10(-0.14%) | 922 |
Walt Disney Co | DIS | 112.95 | -0.25(-0.22%) | 1564 |
Yandex N.V., NASDAQ | YNDX | 22.12 | -0.01(-0.05%) | 1100 |
Upgrades:
Downgrades:
NIKE (NKE) downgraded to Hold from Buy at Argus
Bank of America (BAC) downgraded to Neutral from Buy at Citigroup
Alphabet A (GOOGL) downgraded to Market Perform from Outperform at BMO Capital
Other:
Caterpillar (CAT) added to Conviction Buy List at Goldman
United Tech (UTX) added to US 1 List at BofA/Merrill; maintain Buy, target $130
IBM (IBM) initiated with a Sell at Berenberg; target $140
Cisco Systems (CSCO) initiated with a Hold at Berenberg
Hewlett Packard Enterprise (HPE) initiated with a Hold at Berenberg
Stocks across Europe closed with losses Monday, as they start a new quarter with a heavy week of data, including from the European Central Bank. While German equities finished lower, they initially got help from the final March manufacturing PMI for Europe's largest economy being confirmed at a 71-month high at 58.3. The overall eurozone final March manufacturing PMI was also confirmed at a 71-month high, at 56.2.
U.S. stocks closed lower Monday, but off session lows, to kick off the second quarter as disappointing vehicle sales and lackluster economic data amplified concerns that lofty equity valuations won't be buttressed by commensurately strong corporate quarterly results in coming weeks.
Asian equities pulled back Tuesday as investors turned risk averse again amid growing investor uncertainty about U.S.-China trade and monetary policy in Japan and Europe. The yen rose against the dollar through the U.S. session, and has continued to strengthen in Asian trade.
(index / closing price / change items /% change)
Nikkei +73.97 18983.23 +0.39%
TOPIX +4.43 1517.03 +0.29%
Hang Seng +149.89 24261.48 +0.62%
CSI 300 +19.29 3456.05 +0.56%
Euro Stoxx 50 -27.99 3472.94 -0.80%
FTSE 100 -40.23 7282.69 -0.55%
DAX -55.67 12257.20 -0.45%
CAC 40 -36.60 5085.91 -0.71%
DJIA -13.01 20650.21 -0.06%
S&P 500 -3.88 2358.84 -0.16%
NASDAQ -17.05 5894.68 -0.29%
S&P/TSX +36.65 15584.40 +0.24%