American stock indices changed slightly and mixed in early trading
In early trading on Friday, American stock indices changed slightly and mixed amid escalating tensions in relations between Beijing and Washington.
The Dow Jones Industrial Average 16:54 GMT decreased by 97,53 points (0.4%) to 24376,59 points. Standard & Poor’s 500 lost 4.76 points (0.16 percent) and amounted to 2943,75 points. Meanwhile, the Nasdaq Composite rose 8.77 points (0,09%) – to 9293,65 points.
The us stock market declined at the end of trading on Thursday, having lost part of the won earlier this week, positions. Major stock indexes were down 0.4-1%.
Dow Jones since the beginning of the week (as of the close of trading on Thursday) rose by 3.3%, the S&P 500 and the Nasdaq down 3%, according to MarketWatch.
Shares of biotech company Moderna Inc. the rise in price by 4.3%, after infectious diseases doctor Anthony Fauci, said he was “cautiously optimistic” about the vaccine, which the company is developing. On Monday, Moderna announced that the initial phase of testing the vaccine against the coronavirus that causes the new type of people gave positive results.
The cost of Deere (NYSE:DE) & Co. growing by 0.4%. The world’s largest manufacturer of agricultural equipment have reduced profits and revenues in the 2nd quarter of the current Vigoda on the background of the disruption associated with the pandemic coronavirus, but both figures beat analysts ‘ expectations.
Paper Nvidia Corp (NASDAQ:NVDA). expensive by 1.6%. Net profit of the company for the quarter ended April 26 rose more than 2 times compared to the same period last year amid increasing demand for computer games, as well as the transition of many people in remote working and learning in a pandemic coronavirus.
Quotes International Business Machines ( IBM (NYSE:IBM)) is reduced by 0.9%. The world’s largest provider of computer services has announced the first major layoffs after the change of the head of the company. The company did not specify how large will shrink.
Growth of the stock market this week contributed to the optimism about the easing of restrictive measures in the United States. On Thursday, the US President Donald trump said that authorities will not “close the country” in the case of the second wave of coronavirus.
However, investor sentiment changed amid rising tensions between Washington and Beijing. Senators Chris van HOLLEN and Patrick Toomey has prepared a bill providing for sanctions against Chinese officials and organizations that monitor compliance with laws on national security in Hong Kong, and introducing penalties for banks that conduct business with these organizations.
A day earlier, the U.S. Senate approved a bill that could deprive the Chinese company the opportunity to place their shares on U.S. exchanges.
Meanwhile, the labor report released Thursday showed that the number of Americans who first applied for unemployment benefits in the week ended may 16 fell by 249 thousand – up to 2,438 million people.
Thus, the number of new filings fell to the lowest level since the crisis caused by the outbreak of coronavirus, says Trading Economics. The total number of applicants for unemployment benefits in the U.S. from March 21, closer to 39 million.
Sales in the secondary housing market in the U.S. in April fell by 17.8% compared to the previous month and amounted to 4.33 million homes in terms of annual growth, the report says the National Association of realtors.