[ad_1]
Wall Street stock indexes posted strong losses, with the S & P 500 and Dow Jones eliminating year-to-date gains and Nasdaq entering a correction zone.
This sale is attributable to investor concerns about global economic growth and abnormal corporate earnings.
In particular, the Dow Jones recorded losses of 608 units or 2.4% and closed at 24,583 units, the S & P 500 fell 3.1% to 2656 while the Nasdaq plunged 4.4 %, down 12.6%. compared to the peak recorded in August.
A "dark" macro image casts a shadow over corporate earnings forecasts in 2019, leaving investors completely indifferent to the start of third quarter results, said FTSE Russell's Alec Young on CNBC.
Investors are concerned about the interest rate trajectory of the Federal Reserve, which is leading to a tightening of its monetary policy as well as to the development of the US-China trade dispute, and particularly to the impact they can have on businesses.
Concerns about a slowdown in the economy under pressure from rising interest rates have intensified since the announcement by the US Department of Commerce that sales of new homes have fallen to their highest levels. low level in two years, which particularly affected the construction sector.
In recent days, investor confidence in investment has touched the recent shocks on Chinese stock markets and political turmoil in Europe as part of the Italian budget confrontation between Rome and Brussels.
In the corporate earnings area, Boeing reported earnings and earnings higher than badysts' estimates, which boosted Dow Jones early in the session.
However, shares in the technology sector came under considerable pressure, Facebook and Alphabet falling by more than 5%, while Apple's share fell by 3.4%. AT & T's share fell by more than 8% after the announcement of its quarterly financial results.
More than 100 S & P 500 companies are expected to announce their results this week. These include Amazon and Alphabet.
To date, according to FactSet, 80% of the companies making this announcement have posted higher than expected results.
[ad_2]
Source link
