Home Business New York stock market conditions: Dow closed 150.57 negative points.

New York stock market conditions: Dow closed 150.57 negative points.

by news dir

The Dow Jones Industrial Average closed lower overnight (June 28) as investors sold cyclical energy and financial stocks amid concerns about the impact of the coronavirus pandemic. WID-19, however, the Nasdaq and S&P500 closed in New Highs, boosted by buying in tech stocks.

The Dow Jones Industrial Average closed at 34,283.27, down 150.57, or -0.44%. The S&P 500 closed at 4,290.61, up 9.91, or +0.23%. The Nasdaq closed at 14,500.51, up 140.12, or +0.98%.

Investors sell cyclical stocks, stocks that are expected to benefit from the economic recovery. Such stocks include energy, finance and industry stocks. After it was reported that countries around the world especially in the Asian region are being heavily affected by the COVID-19 epidemic. and the use of lockdown measures to control the epidemic

The Malaysian government has announced an indefinite extension of the lockdown period across the country. Originally scheduled to end yesterday (June 28) due to the total number of Covid-19 cases. There is no downward trend. in Australia Sydney, Australia’s most densely populated city Has announced a two-week lockdown since last weekend. As Australia’s health authorities are still unable to contain the spread.

Energy stocks were down 3.33%, with Halliburton down 5.1 per cent, Chevron down 3.09 per cent, Exxon Mobil down 2.52 per cent and Conoco Phillips down 2.82 per cent.

The index was 0.81 percent lower, with Mastercard down 3.12 percent, American Express down 2.76 percent, Bank of America down 0.14 percent, Morgan Stanley down 0.78%, Wells Fargo down 1.25. %

Industrial stocks also declined. Led by Boeing shares fell 3.39% after the Federal Aviation Administration (FAA) announced the 777X would not be licensed until 2023. Rick (GE) was down 2.01%, Raytheon Technologies shares were down 1.83 percent.

However, tech stocks rose 1.11%, supporting the Nasdaq and the S&P500 closed New High, with Facebook up 4.18 percent, Apple up 1.25 percent, Microsoft up 1.4 percent. Flix was up 1.13%, Nvidia shares were up 5.01%, Micron Technology was up 1.65%.

Investors will keep an eye on the earnings of listed companies this week. This includes Micron Technology and Walgreens Boots Alliance, a US pharmacy chain.

In addition, investors are still waiting to see the numbers of non-farm payrolls in the US on Friday. While analysts predicted that Employment numbers will increase by 683,000 in June. higher than in May, which increased only 559,000 positions

Other US economic data scheduled to be released this week include: April house price index from S&P/Case-Shiller, June consumer confidence index from Conference Board, June private payroll data from ADP, total. Signed pending home sales contracts in May, weekly unemployment claims, Purchasing Managers’ Index (PMI) for final manufacturing in June from Marki. Oct, June manufacturing index from the US Institute of Supply Management (ISM), May trade balance. and factory orders in May


–InfoQuest Translated and edited by Rattana Pongtwit Tel.02-2535000 ext.327 Email: [email protected]

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