Mixed image on Wall Street

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Published on 13 augustus 2020 20:00 |
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NEW YORK (AFN) – The US stock markets showed a mixed picture during afternoon trading in New York on Thursday. Investors on Wall Street responded to the latest unemployment figures from the United States and a wave of corporate results. In addition, the financial markets are still looking forward to developments surrounding the negotiations on a new American crisis support package.

Just after 7.30 p.m. (Dutch time), the Dow Jones index was 0.3 percent lower at 27,889 points. The broad-based S&P 500 fell 0.1 percent to 3377 points and tech exchange Nasdaq went up 0.4 percent to 11,060 points.

The political quarrel over domestic support measures to deal with the crisis is still ongoing. That makes investors cautious. In the meantime, it has been announced that another barely 1 million Americans have applied for unemployment benefits in the past week. That was less than expected.

Apple

Apple clears the spotlight on itself. The iPhone maker is heading for 2 trillion dollars in terms of market value. In the meantime, the stock recorded a plus of 1.8 percent, valuing the tech giant at approximately 1980 billion dollars. Apple recently replaced the Saudi state oil company Saudi Aramco as the most valuable publicly traded company in the world. The oil company, which went public in Riyadh in December, was previously worth $ 2 trillion, but the corona crisis caused the oil price and the company’s stock price to drop.

More tech funds were in demand in New York. However, Cisco Systems had to suffer with a share price loss of about 11 percent. The maker of network equipment and software came up with less than expected results. A restructuring was also announced.

Lift

Taxi app Lyft, just like industry peer Uber, had far fewer customers in the second quarter. The company that mainly focuses on the US saw sales decrease by 61 percent. The share lost approximately 4 percent.

Furthermore, cinema chain AMC announced that it will reopen its doors next week after closing for five months. The company gained nearly 20 percent in stock market value.

The euro was worth $ 1.1812, against $ 1.1820 when the European stock markets closed earlier in the day. A barrel of American oil cost 1.3 percent less at $ 42.13. Brent oil became 1.2 percent cheaper at $ 44.89 a barrel.

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  1. It’s summer, so fewer unemployed people! Few people in ZH and IC because of corona! Just wait ! In wintertime I expect major corona problems if there is no going back to new lockdowns! In the summer people have more resistance and they don’t end up in hospital or in the ICU because of corona. I expect a much fatter corona ZH and IC peak in the winter than in the 1st half of the year, certainly as far as the USA is concerned!

  2. Nice and important.Oh am I glad you can’t buy health.

  3. Hope that everyone stays healthy, but the grant really has to go to 500 this month

  4. tolick wrote down 13 augustus 2020 20:58:

    Hope that everyone stays healthy, but that grant really has to reach 500 this month

    Certainly pissed off the pot in recent months …

  5. The big question is, is uncle FED going to press the accelerator again for the last half hour or is it going to be calm today ????

  6. I have that with Sint en Piet too.

  7. investor2020 wrote down 13 augustus 2020 20:37:

    It’s summer, so fewer unemployed people! Few people in ZH and IC because of corona! Just wait ! In wintertime I expect major corona problems if there is no going back to new lockdowns! In the summer people have more resistance and they do not end up in hospital or in the ICU because of corona. I expect a much fatter corona ZH and IC peak in the winter than in the 1st half of the year, certainly as far as the USA is concerned!

    And who the hell are you?

  8. AMGflop wrote down 13 augustus 2020 21:58:

    […]

    And who the hell are you?

    ignorance blowing on flow .t high off the tower!

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