American stock indices show no uniform dynamics

American stock indices show no uniform dynamics

American stock indices show no uniform dynamics

American stock indices are changing weakly and in different directions at the beginning of trading. As a result of trading on Monday, the US stock market surged on reports of an improvement in the well-being of President Donald Trump and hopes for new economic stimulus measures in the context of the coronavirus pandemic. The Dow Jones increased 1.68%, the S&P 500 1.8%. The Nasdaq added 2.32%.

House Speaker Nancy Pelosi and US Treasury Secretary Stephen Mnuchin on Monday held another round of talks on a new stimulus package, but did not reach an agreement, CNBC reported. Pelosi and Mnuchin plan to resume discussions on Tuesday.

Trump, meanwhile, was discharged from the Walter Reed Military Hospital, where he received treatment for COVID-19, and will continue to recover from his illness in the White House.

On Tuesday, investors await a speech by US Federal Reserve Chairman Jerome Powell at the annual meeting of the National Association for Business Economics (NABE). “Of particular interest is what Powell will say about the failure of Congress to pass the new stimulus package,” said Marshall Jittler of the BDSwiss Group, quoted by MarketWatch. “He and his colleagues have talked a lot about the constraints of monetary policy and the need for new budget support.”

The deficit in the US foreign trade balance in August increased by 5.8% and amounted to $ 67.1 billion compared to the revised figure of $ 63.37 billion in July, according to data from the country's Department of Commerce.

The Dow Jones Industrial Average rose by 56.8 points (0.2%) by 16:45 Moscow time – up to 28205.44 points.

Standard & Poor's 500 lost 1.73 points (0.05%) to 3406.9 points.

The Nasdaq Composite fell by 32.78 points (0.29%) – to 11299.7 points.

Alexion Pharmaceuticals Inc (NASDAQ: ALXN) shares. rise in price by 2.8%. The biopharmaceutical company said it plans to raise its 2020 revenue forecast by more than $ 200 million in its third quarter report.

AMC Entertainment Holdings Inc. Quotes rose 1.8% after the company said it had no plans to close cinemas that had already reopened. According to AMC, more than 80% of the chain's cinemas are currently operating in the US, more than 90% of cinemas in Europe, while all cinemas have reopened in the Middle East.

Cisco Systems Inc (NASDAQ: CSCO) stock price. increased by 0.3%, despite the fact that the court ordered the American network equipment manufacturer to pay Centripetal Networks Inc $ 1.9 billion due to patent infringement.

Leave a Reply

Your email address will not be published. Required fields are marked *