Market news

Show news:


16.04.2019 04:10

Major US stock indexes finished trading in the red

Major US stock indexes fell slightly, as investors analyzed the mixed quarterly results of large banks, such as Goldman Sachs (GS) and Citigroup (C).

Goldman Sachs (GS) reported quarterly earnings of $ 5.71 per share, which was above analysts' average forecast of $ 5.02. At the same time, the quarterly earnings of the investment bank did not justify market forecasts, as sales in the institutional clients division fell by 18%. GS shares fell by almost 3.6%.

Citigroup (C) showed a profit of $ 1.87 per share, which was $ 0.08 above the analysts' average forecast. The company's revenue in general coincided with the average estimate of analysts, but it was almost 2% lower than in the same period of the previous year, due to a 24% drop in revenue from share trading.

The focus of market participants was also on the statements of US Treasury Secretary Mnuchin, who noted that negotiations between the United States and China “are going very well,” but added that “there is still a lot of work to do” to provide mechanisms for the implementation of the agreements already reached.

In addition, investors evaluated the report of the Federal Reserve Bank of New York, which showed that growth in manufacturing activity in New York accelerated somewhat in April, but remained rather restrained. According to the report, the index of activity in the manufacturing sector from the Federal Reserve Bank of New York rose to 10.10 in April after falling to 3.7 in March, while positive indicators indicate an increase in industrial activity in the region. Economists had expected the index to rise to 6.7.

DOW components ended the bidding mixed (14 in the red, 16 in the black). The Goldman Sachs Group (GS; -3.58%) was an outsider. The growth leader was UnitedHealth Group Inc. (UNH; + 3.07%).

Most sectors of the S & P recorded a decline. The largest decline was shown by the base materials sector (-0.6%). The consumer goods sector grew the most (+ 0.3%).

At the time of closing:

Dow 26,384.16 -28.14 -0.11%

S & P 500 2,905.57 -1.84 -0.06%

Nasdaq 100 7,976.01  -8.15 -0.10%


Keep up with latest Forex market news updates: Currencies, central banks, economic indicators for oil and gold trading – all you need to work effectively on Forex.

Market focus

April 2019
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
  • 2010
  • 2009
  • 2008
  • 2007
  • 2006
  • 2005
  • 2004
  • 2003
  • 2002
Mon
Tue
Wed
Thu
Fri
Sat
Sun
22
23
24
25
26
27
28
29
30

Forex is open 24 hours a day, 5 days a week (except national holidays), and it can be broken up to the following four regional markets: Australia and Oceania, Asia, Europe, and America. A Forex trading session opens at 23:00 GMT on Sunday in Japan and closes at 22:00 GMT on Friday in the USA.

 
Session Financial Centres UTC/GMT
OpenClose
EET
OpenClose
Local Time
OpenClose
Pacific Wellington 19:00 04:00 22:00 07:00 22:00 07:00
Session Financial Centres UTC/GMT
OpenClose
EET
OpenClose
Local Time
OpenClose
Sydney 21:00 06:00 00:00 09:00 00:00 09:00
Session Financial Centres UTC/GMT
OpenClose
EET
OpenClose
Local Time
OpenClose
Asian Tokyo 23:00 08:00 02:00 11:00 02:00 11:00
Session Financial Centres UTC/GMT
OpenClose
EET
OpenClose
Local Time
OpenClose
Hong Kong, Singapore 00:00 09:00 03:00 12:00 03:00 12:00
Session Financial Centres UTC/GMT
OpenClose
EET
OpenClose
Local Time
OpenClose
European Frankfurt, Zurich, Paris 06:00 15:00 09:00 18:00 9:00 18:00
Session Financial Centres UTC/GMT
OpenClose
EET
OpenClose
Local Time
OpenCloseе
London 07:00 16:00 10:00 19:00 10:00 19:00
Session Financial Centres UTC/GMT
OpenClose
EET
OpenClose
Local Time
OpenClose
American New York 12:00 21:00 15:00 00:00 15:00 00:00
Session Financial Centres UTC/GMT
OpenClose
EET
OpenClose
Local Time
OpenClose
Chicago 13:00 22:00 16:00 01:00 16:00 01:00