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The New York Stock Exchange ended Thursday without following any specific course, Facebook strongly contrasting with the negative, losing close to a fifth of the listing (19%), after the publication of its quarterly results, which weakened the technology sector.
The results of the last session indicate that the Dow Jones Industrial Average has appreciated 0.44% to reach 25,527.07 points. In contrast, the Nasdaq lost 1.01% to 7,852.18 units, and the broad S & P500 lost 0.30% to 2,877.44.
The New York Stock Exchange was affected by the sharp devaluation of Facebook, which lost 19%, which was its biggest drop in a single session since its IPO in 2012. This retreat means that market capitalization from this social networking company lost, only Thursday, 119 thousand million euros (102 billion euros).
Involved in controversy over the past few months, Mark Zuckerberg's group has failed in the second quarter in terms of number of users and billing. "It's the law of big numbers, there's a time when groups reach such a size that they can not keep growing at the same rate." Facebook, like Netflix last week, has just demonstrated it, "said Adam Sarhan of 50 Park Invest.
Investors are concerned about the number of users of certain technology services, said Nate Thooft of Manulife AM, also citing the case of Netflix, which was made public last week to have disillusioned with the number of subscribers.
On the contrary, the appeasement of the commercial warfare scenario between l & # 's 39, European Union and the United States, after agreement in principle between the President of the European Commission, Jean-Claude Juncker, and the United States, Donald Trump, optimism raised among investors.
In any case, " it takes more than a positive statement to consider that the (commercial) war is over, "said Thooft, saying the effects of trade issues will weigh on the markets," for at least the next six months. "
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