• Major US stock indexes finished trading in the red

Notícias do Mercado

24 abril 2019

Major US stock indexes finished trading in the red

Major US stock indexes fell slightly against the background of an ambiguous reaction of market participants to a new block of quarterly reporting companies, including such giants as Boeing (BA), Caterpillar (CAT) and AT & T (T), as well as before publishing the results of Facebook (FB) and Microsoft ( MSFT) after the close of the trading session.

Boeing (BA) reported receiving adjusted earnings of $ 3.16 per share, which was below the analysts' average forecast of $ 3.19. The company's revenue also turned out to be slightly lower than the market forecast. The company also announced that its previously announced forecast for the whole 2019 is no longer relevant, since it does not take into account the impact of the situation with 737 MAX, and has suspended its own share repurchase program. Despite this, BA shares rose 0.16%.

Caterpillar (CAT) reported adjusted quarterly earnings of $ 2.94 per share, which was $ 0.08 above the average forecast of analysts. The revenue of the heavy equipment manufacturer also exceeded analysts' estimates. However, CAT shares fell by 3.21%, as the report indicated a decline in construction revenue in the Asia-Pacific region, one of the company's key markets.

Both the profit and revenue of AT & T (T) fell short of analysts' expectations. Nevertheless, the company reported an unexpected increase in the number of wireless users, and also announced that by the end of the year it would pay off 75% of the debt incurred as part of the deal with Time Warner. T shares fell by 4.07%.

Most of the components of DOW finished trading in positive territory (18 out of 30). Caterpillar Inc. shares turned out to be an outsider. (CAT; -3.14%). The growth leader was The Walt Disney Company (DIS; + 1.66%).

Almost all sectors of the S & P recorded a decline. The utilities sector grew the most (+ 0.4%). The largest decline was in the commodity sector (-1.7%).

At the time of closing:

Dow 26,597.66 -58.73 -0.22%

S & P 500 2,927.26 -6.42 -0.22%

Nasdaq 100 8,102.02 -18.81 -0.23%

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