• 火. 11月 30th, 2021

    TRADEVIEW MARKET-INSIDER

    Market news from tradeview.tech

    Wall St dips as declines in cyclical stocks outweigh growth boost By Reuters

    ByTRADEVIEW FOREX

    7月 17, 2021


    © Reuters. FILE PHOTO: The New York Stock Exchange is pictured in the Manhattan borough of New York City, New York, U.S., April 16, 2021. REUTERS/Carlo Allegri/File Photo

    By Devik Jain and Shreyashi Sanyal

    (Reuters) – Wall Street’s main indexes reversed early gains on Friday, with a decline in cyclical stocks outweighing gains in growth stocks, while data showing an unexpected increase in U.S. retail sales in June kept declines at bay.

    The Commerce Department said retail sales rebounded 0.6% last month, as spending is shifting back to services, bolstering expectations that economic growth accelerated in the second quarter.

    Markets have largely cheered a steady recovery in the labor market this year, but concerns about higher inflation due to a faster-than-expected rebound has hurt sentiment, with investors oscillating between “value” and tech-heavy “growth” names in the past few sessions.

    “We got a lot of optimism for the earnings, but then you’ve got fear of inflation and that’s kind of giving us a whipsaw market,” said Dennis Dick, a proprietary trader at Bright Trading LLC.

    After earnings from big banks this week, focus will shift to earnings reports from technology-focused companies including International Business Machines (NYSE:) Corp, Netflix Inc (NASDAQ:), Verizon Communications (NYSE:), AT&T (NYSE:), Intel Corp (NASDAQ:), Snap Inc (NYSE:) and Twitter Inc (NYSE:).

    “The tech earnings starting next week can make the market forget about those fears (inflation),” said Bright Trading’s Dick.

    Six of the 11 major S&P 500 sectors were lower in early trading, with energy stocks falling 1.2%. The sector index has declined more than 5% so far this week and is the top loser among the 11 major sectors, followed by consumer discretionary and materials.

    Graphic: Energy weekly decline: https://fingfx.thomsonreuters.com/gfx/mkt/ygdpzzxlbpw/energy%20weekly.png

    On the other hand, defensives utilities, real estate and consumer staples were the top gaining sectors, as a spike in coronavirus cases, led by the new Delta variant across the globe, reignited worries about a delay in the economic recovery.

    Los Angeles County will reimpose its mask mandate this weekend in the latest sign that public health officials are struggling with a rise in cases to worrisome levels in many parts of the United States.

    At 10:15 a.m. ET, the was down 65.61 points, or 0.19%, at 34,921.41, the S&P 500 was down 6.50 points, or 0.15%, at 4,353.53, and the was down 9.94 points, or 0.07%, at 14,533.20.

    Moderna (NASDAQ:) Inc jumped 9.4% after S&P Dow Jones Indices said the drugmaker will join the as of the start of trading on July 21, replacing Alexion Pharmaceuticals (NASDAQ:).

    Didi Global Inc fell 0.9% as China sent state officials from at least seven departments to the ride-hailing giant for a cybersecurity review.

    Intel Corp added 1.6% after a media report the chipmaker is in talks to buy semiconductor manufacturer GlobalFoundries Inc for about $30 billion.

    Advancing issues outnumbered decliners by a 1.56-to-1 ratio on the NYSE. Advancing issues outnumbered decliners by a 1.47-to-1 ratio on the Nasdaq. The S&P index recorded 33 new 52-week highs and no new lows, while the Nasdaq recorded 25 new highs and 32 new lows.

    Graphic: Weekly performance July 16: https://fingfx.thomsonreuters.com/gfx/mkt/rlgpdrdzypo/MicrosoftTeams-image%20(18).png



    Source link

    TradeviewForex入会特典

    Tradeviewforex.infoでは特別にトレード手数料を抑えたアカウントを提供しています。
    ・Xレバレッジ:手数料80%割引(例:1000円→200円)※スプレッド圧縮の形での還元
    ・ILC口座:1ロット当たりの手数料60%オフ(通常500円→300円)

    追加アカウントでの入会の場合は、連絡事項に「212283に乗換を希望」とご記入ください。

    English English Japanese Japanese