Market news

Show news:


16.08.2019 04:08

Major US stock indices closed trading mostly in positive territory

Major US stocks rose predominantly as strong retail sales data and Walmart's above-quarter results eased concerns about the recession, but China's mixed statements and Cisco's disappointing outlook kept investors in suspense.

The Commerce Department said retail sales rose 0.7% last month after rising 0.3% in June as consumers bought a range of products, even though they cut back on car purchases. Economists had forecast sales to rise 0.3% in July. Compared to July last year, retail sales grew by 3.4%.

China's Treasury Department said it would respond to US $ 300 billion worth of recent Chinese tariffs for China. However, a Chinese Foreign Ministry spokeswoman said Beijing “hopes that the US will meet China and enforce the compromise reached between the two leaders at their meeting in Osaka. ”

Shares of Walmart Inc (WMT) jumped 6.29% after posting a quarterly report in which the company announced that it received adjusted quarterly earnings of $ 1.27 per share, which was $ 0.05 per share higher than analysts forecast. The retailer’s revenue also slightly exceeded Wall Street’s expectations. Comparable company sales in the US grew by 2.8% against the consensus forecast of analysts surveyed by Refinitiv, at + 2.4%. Walmart also raised its forecast for sales and profit for the whole year.

At the same time, shares of Cisco Systems Inc (CSCO) fell 8.64%, having a negative impact on all three major indexes after the publication of the forecast for the next quarter. The company said that in the first quarter of 2020, FG expect to earn $ 0.80-0.82 per share (against the average forecast of analysts at $ 0.83) with a revenue of $ 12.68-12.93 billion (against the average forecast of analysts at $ 13.41 billion).

Most DOW components completed trading in positive territory (19 out of 30). The biggest gainers were Walmart Inc. (WMT, + 6.29%). Outsiders were shares of Cisco Systems, Inc. (CSCO, -8.64%).

Most S&P sectors recorded an increase. The utilities sector grew the most (+ 0.9%). The conglomerate sector showed the largest decrease (-0.8%).

At the time of closing:

Dow 25,578.98 +99.56 +0.39%

S&P 500 2,847.59 +6.99 +0.25%

Nasdaq 100 7,766.62  -7.32 -0.09%


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

October 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
21
22
23
24
25
26
27
28
29
30
31

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