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by April Joyner
NEW YORK (Reuters) – The New York Stock Exchange ended up on the whole on Monday, buoyed by the good financial guidance and a rebound in technology stocks before an avalanche of news releases. results during the week
Concerns about a possible escalation in the US-US trade conflict remain, but investors have noted that protagonists are continuing their discussions.
President-elect Mexican Andres Manuel Lopez Obrador sent a letter to Donald Trump calling for a swift conclusion of the ongoing negotiations and representatives of the two countries in charge of trade issues are scheduled to meet this week.
On the side of the European Union, a meeting is scheduled for Wednesday in Washington between the President of the European Commission and Donald Trump to discuss trade relations.
The sectorial index of financial stocks ended up 1 , 32% with the rise in Treasuries yields that reached a high of five weeks.
If the Federal Reserve should bend its policy after the criticism by President Donald Trump on the monetary tightening it leads, this would have the effect of reinforcing inflationary pressures leading to higher bond yields, operators said.
Investors are also waiting for second-quarter earnings releases.
Some 180 S & P 500 companies, including Ford Motor, 3M and Boeing, and several big tech names like Facebook, Twitter and Intel are due to release their quarterly results this week.
The Dow Jones index lost 13.83 points (0.06%) to 25,044.29. The broader S & P-500 took 5.15 points, or 0.18%, at 2,806.98. The Nasdaq Composite advanced by 21.67 points (+ 0.28%) to 7.841.87.
The values, Alphabet, Google's parent company ended up nearly 1.1% before the publication of its results after the close.
Amazon, target of new attacks by Donald Trump accusing the giant of e-commerce to take advantage of the US postal service, finished down 0.64%.
Leading the S & P 500, the toy maker Hasbro ends up on a gain of 12.89% after posting a profit and a Turnover significantly higher than Wall Street expectations for the second quarter.
Conversely, Halliburton slips 8.1% after world No. 2 oil services warned its third quarter would be online with the second because of continuing difficulties in North America.
Tool Works fell 7.1%, weighing 0.62% on the industrial sector index. The mechanical parts manufacturer lowered its forecast of annual profits because of the strong dollar, partly caused by trade tensions.
Tesla loose 3.3% after losing up to 6.6% in session in reaction to information from the Wall Street Journal claiming that the manufacturer of electric cars asked suppliers to return some of the money collected since 2016 in order to support its profitability, which is fueling doubts about its financial soundness
(Marc Joanny for the French service)
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