Major US stock indexes ended the session in different directions, as the fall in industrial goods sector quotes offset the growth of technology stocks against the background of signs of progress between China and the United States in resolving the trade dispute.
The US and China began another round of trade negotiations with a telephone conversation between US Treasury Secretary Mnuchin, the White House Trade Representative for Laytheiser and Chinese Vice Premier Liu He. This showed that the dialogue between the two countries on trade issues continues, despite a diplomatic dispute over the arrest of the Chief Financial Officer of Huawei.
Oil prices rose moderately, helped by rising global stocks and disruptions in production in Libya. In Libya, the National Oil Company (NOC) announced a force majeure on Monday for export from the El Sharara oil field, the largest in the country, which was seized last weekend by a group of militants. NOC said that the shutdown would result in a loss of production of 315,000 barrels per day and an additional loss of 73,000 barrels per day at the El Feel field.
Most of the components of DOW recorded a decline (16 of 30). The Travelers Companies, Inc. shares turned out to be an outsider. (TRV, -1.65%). The growth leader was NIKE, Inc. (NKE, + 1.46%).
Most sectors of the S & P finished trading in the red. The industrial goods sector fell the most (-0.7%). The growth leader was the technology sector (+ 0.4%).
At the time of closing:
Dow 24,370.24 -53.02 -0.22%
S & P 500 2,636.78 -0.94 -0.04%
Nasdaq 100 7,031.83 +11.31 + 0.16%
U.S. stock-index futures surged on Tuesday, amid signs of possible progress on US-China trade deal.
Global Stocks:
Index/commodity | Last | Today's Change, points | Today's Change, % |
Nikkei | 21,148.02 | -71.48 | -0.34% |
Hang Seng | 25,771.67 | +19.29 | +0.07% |
Shanghai | 2,594.09 | +9.51 | +0.37% |
S&P/ASX | 5,575.90 | +23.40 | +0.42% |
FTSE | 6,849.26 | +127.72 | +1.90% |
CAC | 4,845.17 | +102.79 | +2.17% |
DAX | 10,850.43 | +228.36 | +2.15% |
Crude | $52.03 | +2.02% | |
Gold | $1,252.40 | +0.24% |
(company / ticker / price / change ($/%) / volume)
3M Co | MMM | 200.75 | 2.43(1.23%) | 1432 |
ALCOA INC. | AA | 28.96 | 0.64(2.26%) | 2236 |
ALTRIA GROUP INC. | MO | 53.58 | 0.22(0.41%) | 13158 |
Amazon.com Inc., NASDAQ | AMZN | 1,679.00 | 37.97(2.31%) | 106634 |
American Express Co | AXP | 107.63 | 1.84(1.74%) | 1786 |
Apple Inc. | AAPL | 171.75 | 2.15(1.27%) | 414828 |
AT&T Inc | T | 30.25 | 0.34(1.14%) | 243892 |
Barrick Gold Corporation, NYSE | ABX | 14.08 | 0.24(1.73%) | 128414 |
Boeing Co | BA | 334.84 | 8.49(2.60%) | 40547 |
Caterpillar Inc | CAT | 127 | 3.61(2.93%) | 27563 |
Chevron Corp | CVX | 116.37 | 1.43(1.24%) | 9680 |
Cisco Systems Inc | CSCO | 47.72 | 0.86(1.84%) | 37914 |
Citigroup Inc., NYSE | C | 58.15 | 1.08(1.89%) | 31562 |
Deere & Company, NYSE | DE | 149.99 | 2.96(2.01%) | 9726 |
Exxon Mobil Corp | XOM | 77.4 | 0.86(1.12%) | 4918 |
Facebook, Inc. | FB | 143.95 | 2.10(1.48%) | 197575 |
FedEx Corporation, NYSE | FDX | 195 | 2.07(1.07%) | 3058 |
Ford Motor Co. | F | 8.75 | 0.23(2.70%) | 318312 |
Freeport-McMoRan Copper & Gold Inc., NYSE | FCX | 11 | 0.31(2.90%) | 44172 |
General Electric Co | GE | 7.02 | 0.09(1.30%) | 493413 |
General Motors Company, NYSE | GM | 35.5 | 1.08(3.14%) | 36318 |
Goldman Sachs | GS | 181.8 | 2.97(1.66%) | 10650 |
Google Inc. | GOOG | 1,058.00 | 18.45(1.77%) | 8286 |
Hewlett-Packard Co. | HPQ | 23.27 | 0.34(1.48%) | 6399 |
Home Depot Inc | HD | 173.27 | 1.58(0.92%) | 2290 |
Intel Corp | INTC | 47.8 | 0.59(1.25%) | 66949 |
International Business Machines Co... | IBM | 122.19 | 1.06(0.88%) | 3439 |
Johnson & Johnson | JNJ | 146.25 | 0.99(0.68%) | 102331 |
JPMorgan Chase and Co | JPM | 103.14 | 1.78(1.76%) | 32098 |
McDonald's Corp | MCD | 185.5 | 0.85(0.46%) | 1212 |
Merck & Co Inc | MRK | 78 | 0.58(0.75%) | 2656 |
Microsoft Corp | MSFT | 109.58 | 1.99(1.85%) | 141371 |
Nike | NKE | 73.34 | 0.83(1.14%) | 4984 |
Pfizer Inc | PFE | 44.08 | -0.32(-0.72%) | 19480 |
Procter & Gamble Co | PG | 93.19 | 0.16(0.17%) | 1601 |
Starbucks Corporation, NASDAQ | SBUX | 66.37 | 0.88(1.34%) | 11421 |
Tesla Motors, Inc., NASDAQ | TSLA | 372.5 | 7.35(2.01%) | 126454 |
The Coca-Cola Co | KO | 49.28 | 0.04(0.08%) | 4320 |
Travelers Companies Inc | TRV | 123.57 | 0.57(0.46%) | 1951 |
Twitter, Inc., NYSE | TWTR | 34.2 | 0.77(2.30%) | 70459 |
United Technologies Corp | UTX | 120.57 | 1.16(0.97%) | 505 |
UnitedHealth Group Inc | UNH | 269.99 | 3.46(1.30%) | 2758 |
Verizon Communications Inc | VZ | 58.17 | -0.10(-0.17%) | 19225 |
Visa | V | 140.28 | 2.40(1.74%) | 11899 |
Wal-Mart Stores Inc | WMT | 94.43 | 0.49(0.52%) | 2914 |
Walt Disney Co | DIS | 112.53 | 0.67(0.60%) | 4686 |
Yandex N.V., NASDAQ | YNDX | 28.36 | 0.45(1.61%) | 46983 |
Apple (AAPL) reiterated at Strong Buy at Tigress
Pfizer (PFE) downgraded to Neutral from Overweight at JP Morgan
Travelers (TRV) downgraded to Sector Perform from Outperform at RBC Capital Mkts
AT&T (T) upgraded to Buy from Neutral at Citigroup
| Index | Change, points | Closed | Change, % |
|---|---|---|---|
| NIKKEI 225 | -459.18 | 21219.5 | -2.12 |
| Hang Seng | -311.38 | 25752.38 | -1.19 |
| KOSPI | -21.97 | 2053.79 | -1.06 |
| ASX 200 | -129 | 5552.5 | -2.27 |
| FTSE 100 | -56.57 | 6721.54 | -0.83 |
| DAX | -166.02 | 10622.07 | -1.54 |
| Dow Jones | 34.31 | 24423.26 | 0.14 |
| S&P 500 | 4.64 | 2637.72 | 0.18 |
| NASDAQ Composite | 51.27 | 7020.52 | 0.74 |