US stocks close after Facebook losses

They closed down on Thursday because of the historic fall of Facebook Inc., despite gains from the energy and industrial sectors that were not enough to offset the Collapse of the social network.

Facebook fell to 20%, bringing down the Nasdaq, after revenue and user growth did not meet expectations. The S & P 500 index fell for the first time this week despite the growth of broad sectors. After the close, traders will focus on Amazon.com, one of the companies that will release their financial results this week. Twitter reports its results on Friday.

"A day like this, if one of the leaders, especially a FANG share, is hit, the whole tech sector will sell and the Nasdaq will fall," said Mark. DeVaul, portfolio manager of the Hennessy Equity and Income Fund, during an interview at Bloomberg's New York headquarters. "There are a lot of earnings that will be known this week from other companies, so if a few other S & P executives have decent numbers and increase, they can offset the impact of Facebook."

In Europe, the Stoxx 600 index rose after President Donald Trump agreed with the head of the European Commission, Jean-Claude Juncker, to suspend the new tariffs while continuing to trade on the trade. The euro has weakened after the European Central Bank has maintained its interest rates, while the dollar has appreciated. The ECB has stated that it will maintain its plan to finalize bond purchases and is committed to keeping interest rates unchanged "at least until the end of the year. Summer 2019. " Treasury bonds recorded little change; European benchmark bonds lost ground

The meeting between Trump and Juncker took place in the midst of a series of corporate results, some of which reflected the impact of recent commercial threats from the White House. Car manufacturers have been particularly affected. Ford Motor Co. joined General Motors Co. in reducing projections. Daimler AG has warned that the decline in profits of its Mercedes-Benz unit would continue in the third quarter due to higher trade barriers.

On the other hand, the WTI crude rose following an attack on Saudi oil, tied to the supply. Emerging market equities have fallen. In Asia, Japan's Topix index and South Korea's Kospi closed higher, while the Shanghai compound lost ground. The Turkish lira is again depreciated after Trump threatened sanctions if the country did not release a US pastor.