empty
09.02.2023 05:36 AM
US stock markets decline in early trading

This image is no longer relevant

As of 20:05 GMT+3, the Dow Jones Industrial Average was down 58.20 points, or 0.17%, to 34,098.49 points, the S&P 500 lost 21.61 points, or 0.52%, to 4142. 39 points, and the Nasdaq Composite - 109.91 points, or 0.91%, to 12,003.88 points.

eBay shares are down 0.6% in trading. The day before, the world's largest online auction announced its intention to reduce the global staff by about 4%, laying off about 500 people.

Capri Holdings Ltd., which owns fashion brands Michael Kors, Jimmy Choo and Versace, plunged 24% amid weak quarterly earnings and company guidance.

US restaurant chain Chipotle Mexican Grill was down 4%. The company increased net profit in the 4th quarter of 2022 by 1.7 times, however, adjusted profit and revenue fell short of analysts' expectations.

Uber Technologies rose 2.5%. The taxi and food delivery service company saw a nearly 1.5x increase in revenue in the 4th quarter of 2022 thanks to an increase in orders. Uber's first-quarter guidance beat market expectations.

The price of Coty Inc. papers. fell by 3.5%. The cosmetics and perfumery manufacturer's net profit in the 2nd financial quarter grew by 22%, the company's revenue decreased by 3.5%, but exceeded market expectations. In addition, Coty has improved its FY2023 adjusted earnings guidance.

CVS Health Corp. share price increased by 4%. The pharmacy chain operator's fourth-quarter revenue rose 9.5% to $83.85 billion, well above the market's consensus forecast of $76.32 billion.

CVS also announced the purchase of Oak Street Health Inc., which operates a network of primary care centers for Medicare users, for $10.6 billion. Oak Street rose 4.1%.

Fed chief Jerome Powell, who attended an Economic Club of Washington event the day before, said he expects a significant slowdown in US inflation in 2023. At the same time, he noted that the continued stability of the US labor market may serve as a basis for further rate hikes by the Fed.

At the same time, Powell said that it is necessary to continue raising rates, and it will also be necessary to maintain a restrictive policy for some time.

Saxo Bank A/S Head of Equity Strategies Peter Garnry noted that due to the slowdown in commodity inflation, the growth in consumer prices in the service sector is more stable. This factor may contribute to a longer-than-expected inflation.

Wednesday is scheduled to feature New York Federal Reserve Bank (FRB) Governor John Williams, Fed Board members Lisa Cook and Christopher Waller, Fed Vice Chair Michael Barr, and Atlanta and Minneapolis Fed leaders Rafael Bostic and Neil Kashkari.

Traders are also evaluating the statement of US President Joe Biden, who proposed to increase by 4 times - up to 4% tax on the repurchase of shares by companies. This, according to Biden, should push the business to increase investment in further development.

Thomas Frank,
Experto analítico de InstaForex
© 2007-2025
Seleccione el marco de tiempo
5
min
15
min
30
min
1
hora
4
horas
1
día
1
s.
Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO

Recommended Stories

Juegos peligrosos del dólar: entre un posible colapso y nuevas esperanzas

La moneda estadounidense vuelve a estar agitada, y esta volatilidad continúa intensificándose. En este contexto, algunos analistas predicen el colapso del USD, mientras que otros, por el contrario, confían

Larisa Kolesnikova 13:57 2025-06-24 UTC+2

Trump bombardea Irán: los mercados en pánico, el dólar se dispara

En la noche del domingo, EE. UU. lanzó un ataque aéreo masivo contra instalaciones nucleares iraníes, iniciando una nueva fase de escalada en Oriente Medio. Ya el lunes, los mercados

Аlena Ivannitskaya 07:54 2025-06-23 UTC+2

Trump pensará si vale la pena bombardear Irán: los mercados respiran, el dólar cae

La tensión geopolítica que mantuvo a los mercados en vilo toda la semana finalmente se debilitó, al menos por un tiempo. Donald Trump declaró que se tomará dos semanas para

Аlena Ivannitskaya 08:06 2025-06-20 UTC+2

Tres golpes al mercado: Trump abandona la cumbre del G7, EE.UU. logra acuerdo solo con Reino Unido, el Banco de Japón mantiene las tasas

El martes por la mañana la atención del mercado de divisas se centra en tres acontecimientos, cada uno de los cuales puede alterar el equilibrio de fuerzas. El presidente

Аlena Ivannitskaya 08:31 2025-06-17 UTC+2

Contrastes del día: Nikkei al alza, el euro a la baja, el mundo contiene la respiración ante las negociaciones entre EE.UU. y China

J.M. Smucker cae tras un pronóstico pesimista, El Banco Mundial reduce el pronóstico de crecimiento global para 2025 El Nikkei sube, los futuros de Wall Street y el euro caen

07:54 2025-06-11 UTC+2

Trump vuelve a influir en Wall Street: la reacción de los índices no se hizo esperar

Los comentarios de Trump sobre China provocan una negociación inestable en el mercado Ulta Beauty sube tras elevar su previsión de beneficios anuales El Dow subió un 0,1%, el S&P

09:00 2025-06-02 UTC+2

Tormenta bursátil: Nvidia se dispara, el Dow cae y el tribunal anula los aranceles de Trump

Las acciones de Nvidia subieron un 5% tras el cierre; las acciones de Dick's Sporting Goods aumentaron tras superar las expectativas del primer trimestre El tribunal de comercio

11:01 2025-05-29 UTC+2

Juicio contra Trump: los aranceles fueron declarados ilegales. ¿Qué significa todo esto para los mercados?

Un fallo judicial inesperado y toda la arquitectura de la política arancelaria de Donald Trump comenzó a desmoronarse como un castillo de naipes. El Tribunal de Comercio Internacional

Аlena Ivannitskaya 11:00 2025-05-29 UTC+2

«El efecto Nvidia»: ¿aguantarán los mercados la última ola de presión?

Los resultados de Nvidia se publicarán el miércoles, los últimos de los ingresos de los "Magnificent 7". Donald Trump y los mercados europeos han vuelto al punto de partida

11:08 2025-05-26 UTC+2

La tecnología en auge: Snowflake y Alphabet brillan mientras cae el sector solar

Dow y S&P 500 terminaron la jornada sin cambios, mientras que el Nasdaq subió un 0,28%. Snowflake se disparó. Alphabet alcanzó su nivel más alto en casi tres meses

11:26 2025-05-23 UTC+2
¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.