The main US stock indexes finished trading without a single dynamic amid weak revenues of large banks and failures in the legislative agenda of President Donald Trump after the Republicans' efforts to review the health care system failed.
Meanwhile, the US Bureau of Labor Statistics said that in June, import prices fell by 0.2% after a decrease of 0.1% in May. Lower fuel prices led to a decline in June, which more than offset the increase in prices for non-fuel products. The US export price index fell 0.2% in June after a 0.5% decrease in May.
In addition, the confidence of builders in the market of newly built single-family houses fell by two points in July to a level of 64 from the revised June index of the index of the National Association of House Builders (HMI). This is the lowest since November 2016. All three components of the HMI recorded losses in July, but are still on solid territory. The component measuring current sales conditions fell by 2 points to 70, and the sales forecast index in the next six months decreased by 2 points to 73. The component measuring consumer traffic decreased by 1 point to 48.
Oil prices rose by almost 1%, as increased demand absorbed some of the surplus supplies of OPEC and the United States. Support for oil was also provided by the general weakness of the dollar.
Most components of the DOW index recorded a decline (19 out of 30). Outsider were the shares of The Goldman Sachs Group, Inc. (GS, -2.62%). The leader of growth was the shares of Johnson & Johnson (JNJ, + 1.98%).
Most sectors of the S & P index showed an increase. The utilities sector grew most (+ 0.3%). The greatest decrease was shown by the sector of conglomerates (-0.6%).
At closing:
DJIA -0.25% 21.576.03 -53.69
Nasdaq + 0.47% 6.334.31 +29.88
S & P + 0.06% 2.460.65 +1.51
U.S. stock-index futures fell amid mixed earnings reports and concerns over the U.S. President Donald Trump's ability to implement his campaign pledges.
Global Stocks:
Nikkei 19,999.91 -118.95 -0.59%
Hang Seng 26,524.94 +54.36 +0.21%
Shanghai 3,186.93 +10.47 +0.33%
S&P/ASX 5,687.39 -68.08 -1.18%
FTSE 7,416.66 +38.27 +0.52%
CAC 5,185.29 -44.88 -0.86%
DAX 12,417.00 -170.16 -1.35%
Crude $46.72 (+1.52%)
Gold $1,238.40 (+0.38%)
(company / ticker / price / change ($/%) / volume)
3M Co | MMM | 210.99 | -0.69(-0.33%) | 320 |
ALTRIA GROUP INC. | MO | 73.2 | -0.17(-0.23%) | 373 |
Amazon.com Inc., NASDAQ | AMZN | 1,005.10 | -4.94(-0.49%) | 28093 |
Apple Inc. | AAPL | 149.05 | -0.51(-0.34%) | 74367 |
AT&T Inc | T | 36.4 | 0.01(0.03%) | 4115 |
Barrick Gold Corporation, NYSE | ABX | 16.28 | 0.20(1.24%) | 13277 |
Caterpillar Inc | CAT | 108.25 | 0.19(0.18%) | 865 |
Chevron Corp | CVX | 104.8 | 0.59(0.57%) | 4041 |
Cisco Systems Inc | CSCO | 31.53 | 0.03(0.10%) | 1525 |
Citigroup Inc., NYSE | C | 66.48 | -0.35(-0.52%) | 15762 |
Deere & Company, NYSE | DE | 125.91 | 0.03(0.02%) | 2583 |
Exxon Mobil Corp | XOM | 81.1 | 0.24(0.30%) | 1080 |
Facebook, Inc. | FB | 159.87 | 0.14(0.09%) | 58177 |
Freeport-McMoRan Copper & Gold Inc., NYSE | FCX | 13.05 | 0.05(0.38%) | 18960 |
General Electric Co | GE | 26.81 | -0.01(-0.04%) | 7450 |
Goldman Sachs | GS | 226.55 | -2.71(-1.18%) | 115471 |
Google Inc. | GOOG | 954.99 | 1.57(0.16%) | 1731 |
Home Depot Inc | HD | 154.03 | 0.14(0.09%) | 295 |
Intel Corp | INTC | 34.37 | -0.10(-0.29%) | 521 |
International Business Machines Co... | IBM | 153.1 | 0.09(0.06%) | 2352 |
Johnson & Johnson | JNJ | 132.92 | 0.77(0.58%) | 64420 |
JPMorgan Chase and Co | JPM | 90.87 | -0.52(-0.57%) | 13932 |
Microsoft Corp | MSFT | 73.4 | 0.05(0.07%) | 46429 |
Procter & Gamble Co | PG | 87.57 | 0.02(0.02%) | 569 |
Starbucks Corporation, NASDAQ | SBUX | 58.35 | 0.02(0.03%) | 1730 |
Tesla Motors, Inc., NASDAQ | TSLA | 318.82 | -0.75(-0.23%) | 25803 |
The Coca-Cola Co | KO | 44.81 | 0.08(0.18%) | 4222 |
Twitter, Inc., NYSE | TWTR | 19.85 | -0.09(-0.45%) | 33231 |
UnitedHealth Group Inc | UNH | 186.75 | 0.40(0.21%) | 10299 |
Verizon Communications Inc | VZ | 43.75 | 0.09(0.21%) | 919 |
Visa | V | 97 | 0.17(0.18%) | 13641 |
Wal-Mart Stores Inc | WMT | 76.35 | -0.02(-0.03%) | 747 |
Walt Disney Co | DIS | 104.7 | -0.09(-0.09%) | 902 |
Yandex N.V., NASDAQ | YNDX | 31.47 | 0.13(0.41%) | 3011 |
Visa (V) target raised to $112 from $104 at Jefferies
Goldman Sachs (GS) reported Q2 FY 2017 earnings of $3.95 per share (versus $3.72 in Q2 FY 2016), beating analysts' consensus estimate of $3.39.
The company's quarterly revenues amounted to $7.887 bln (-0.6% y/y), beating analysts' consensus estimate of $7.475 bln.
GS fell to $227.01 (-0.98%) in pre-market trading.
Bank of America (BAC) reported Q2 FY 2017 earnings of $0.46 per share (versus $0.36 in Q2 FY 2016), beating analysts' consensus estimate of $0.44.
The company's quarterly revenues amounted to $22.800 bln (+7.1% y/y), beating analysts' consensus estimate of $21.838 bln.
BAC fell to $23.80 (-0.92%) in pre-market trading.
UnitedHealth (UNH) reported Q2 FY 2017 earnings of $2.46 per share (versus $1.96 in Q2 FY 2016), beating analysts' consensus estimate of $2.38.
The company's quarterly revenues amounted to $50.053 bln (+7.7% y/y), generally in-line with analysts' consensus estimate of $49.973 bln.
The company also improved guidance for FY 2017, projecting EPS of $9.75-9.90 compared to prior $9.65-9.85 and analysts' consensus estimate of $9.80.
UNH rose to $186.50 (+0.08%) in pre-market trading.
Johnson & Johnson (JNJ) reported Q2 FY 2017 earnings of $1.83 per share (versus $1.74 in Q2 FY 2016), beating analysts' consensus estimate of $1.79.
The company's quarterly revenues amounted to $18.839 bln (+1.9% y/y), generally in-line with analysts' consensus estimate of $18.942 bln.
The company also issued upside guidance for FY 2017, raising EPS forecast to $7.12-7.22 from $7.00-7.15, (versus analysts' consensus estimate of $7.11) and revenues expectations to $75.8-76.1 bln from $75.4-76.1 bln (versus analysts' consensus estimate of $75.65 bln).
JNJ rose to $133.51 (+1.03%) in pre-market trading.
Stocks in Europe broadly logged a steady finish Monday, with mining shares bumped higher after China's quarterly growth figures topped expectations.
U.S. stocks finished little changed Monday, after a session of struggling to push higher only to fall short of records, as investors looked toward key quarterly results that will be released this week to set the tone.
Asian shares were broadly weaker Tuesday, with Chinese stocks stabilizing after Monday's slump and Japanese stocks falling in reaction to the dollar's weakness. Tokyo investors returned from their Monday holiday and sold shares in reaction to the slide in the dollar on Friday after disappointing U.S. economic data added to skepticism about more Federal Reserve rate increases this year.
(index / closing price / change items /% change)
Nikkei +19.05 20118.86 +0.09%
TOPIX +6.37 1625.48 +0.39%
Hang Seng +81.35 26470.58 +0.31%
CSI 300 -39.53 3663.56 -1.07%
Euro Stoxx 50 -9.59 3516.35 -0.27%
FTSE 100 +25.74 7404.13 +0.35%
DAX -44.56 12587.16 -0.35%
CAC 40 -5.14 5230.17 -0.10%
DJIA -8.02 21629.72 -0.04%
S&P 500 -0.13 2459.14 -0.01%
NASDAQ +1.97 6314.43 +0.03%
S&P/TSX -9.45 15165.36 -0.06%