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by Amy Caren Daniel and Stephen Culp
NEW YORK (Reuters) – Wall Street ended the last session of the week on very small gaps, torn between some good results of companies and trade tensions between the United States. United and China who experienced a new episode
Over the week as a whole, its three major indices end up similarly stationary.
US President Donald Trump has said he is prepared to impose tariffs on an additional 500 billion dollars (429 billion euros) in goods imported from China by the United States.
Such statements, after Beijing and Washington imposed tariffs on each other for $ 34 billion of their respective imports, they are not to the taste of investors.
Donald Trump also emphasized Friday his criticism of the policy of raising rates Federal Reserve (Fed), claiming that it was removing "the significant competitive advantage" enjoyed by the United States and could affect the US economy.
US long-term bond yields have risen, traders imagining that the latest presidential statements could prompt Jerome Powell, the Fed's president, to look twice before continuing the haul rates, which would undoubtedly have the effect of reinforcing inflationary pressures.
"A President Speaks on the Fed, It's Not Ordinary," said David Carter (Lenox Wealth Advisors). "Do not do like everyone else, it can be good but doing too much, it can do damage, we may have reached this point in view of statements on Putin, customs duties and the Fed"
The Dow Jones index lost 6.38 points (0.03%) to 25,058.12 points. The S & P-500 dropped 2.66 points (0.09%) to 2,801.83 points. The Nasdaq Composite left 5.1 points (0.07%) at 7.820.2 points.
Over the week as a whole, the Dow gained 0.15%, the S & P 0.02%, while Nasdaq dropped 0.07%.
On the corporate earnings front, badysts estimate that S & P-500 corporate profits will have risen 22% in the second quarter, as they anticipated an increase of 20%. , 7% on July 1, according to Thomson Reuters I / B / E / S. So far, 87 S & P-500 companies have released their accounts and 83.9% have broken the consensus.
At Values, Microsoft gained 1.8%, supporting all three indices. The Redmond Group announced Thursday better than expected quarterly results, thanks to its Azure service platform and its Office 365 software suite.
Microsoft is in the running with Apple (-0.23%) and Amazon.com (+ 0.04%) to win the title of the first company that has reached the $ 1 trillion of capitalization.
In contrast, General Electric dropped 4.44%, the industrial conglomerate having announced Friday a smaller than expected decline in earnings in the second quarter but also slightly lower its cash generation target, raising concerns about its outlook for the year.
Honeywell International on Friday posted a profit above expectations in the second quarter as a result of increased demand from its aerospace division and raised its earnings per share forecast for 2018 for the third time.
Action prog increased by 3.8%.
Schlumberger said it expects double-digit revenue growth from its overseas operations in 2019, saying a recovery in international oil markets is underway.
The action has decreased by 1.24%.
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