The S&P 500 and Nasdaq are growing, Dow Jones down
Us stock indexes mostly grow in the course of trading on Tuesday, investors awaited speeches by Federal reserve system (FRS) Jerome Powell and Minister of Finance Steven Mnuchin the Committee on financial services of the house of representatives of the Congress of the United States. The indicator Dow Jones moderately lowered after the strongest one-day rise in over three weeks on Monday of 2.32%.
The American economy is experiencing a period of “extreme uncertainty”, especially in connection with the ongoing attempts to limit the spread of coronavirus, said in a speech, fed Chairman, prepared to address. “Full recovery is unlikely as long as people will not have confidence that a resumption of the wide range of activities is safe,” said Powell.
Consumer confidence in the US in June 2020 rose to 98.1 points from the revised 85.9 points in may, said research organization Conference Board, which calculates this indicator. Earlier in may, the reading was estimated at 86.6 points. Analysts polled by Trading Economics, the average expected improvement in the index in may to 81.5 points, Dow Jones up 91 points.
On the eve of the US stock indices have noticeably increased, despite the continued increase in the incidence of COVID-19 in the country.
The head of the world health organization (who) tedros adhanom Ghebreyesus on Monday said that, “despite the fact that many countries around the world have made some progress, in fact, the pandemic at the global level, is gaining pace.”
Dozens of U.S. States, including Florida, Texas, California and Arizona, which were experiencing a growth in the number of infections, postpone plans to open the economy and introduce new restrictions to prevent further spread of the infection, writes The Wall Street Journal.
The Dow Jones Industrial Average index to 17:31 MSK fell 26.44 points (0,1%) to 25569,36 points.
Standard & Poor’s 500 index gained 9.34 points (0.31 percent) and amounted to 3062,58 points.
The Nasdaq Composite rose 65,78 of paragraph (0,67%) – to 9939,93 points.
Cost manufacturer of sportswear Lululemon Athletica Inc. growing by 6.5%. Lululemon will pay $500 million for the purchase of a startup Mirror that produces equipment for fitness at home. Device Mirror resembles a mirror with a camera and speakers. In Lululemon noted a rapid growth in demand for products Mirror since the founding of the company in 2018.
Capitalization of FedEx Corp (NYSE:FDX). increased by 1.5%. The company plans to publish the reporting for the last quarter after the close of trading on Tuesday.
Paper Wells Fargo (NYSE:WFC) & Co. cheaper by 1.3%. The Bank announced plans to cut dividends for the first time in more than a decade to provide additional capital on the background of the pandemic COVID-19. Other major us banks maintained their dividends.
Quotes AMC Entertainment Holdings Inc. drop by 2.8%. The company has postponed the opening of most of his cinemas in the US for two weeks.
Shares of biotech Inovio Pharmaceuticals Inc. fell 8.9%. The company reported about the success of the first phase of testing the vaccine against the coronavirus.
Pizza chain Papa John’s International Inc. losing value of 0.2%. Comparable sales in the second quarter in North America increased by 28%, outside the region, the growth amounted to 5.3%. For the five weeks ended June 28, the figure increased by 24.4% in North America and 6% in other regions.