Men in the industry rage in New York – Nasdaq down 2.6%



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The main stock exchanges in New York started with sharp declines during Tuesday's initial trading. Negative reports from companies in the sector, Caterpillar, Paccar and 3M contributed to the deal.

At 4:15 pm the Dow Jones stock index fell 2.0% to 24,805. The broader S & P 500 fell 1.9% to 2,704, while the Nasdaq-driven technology was down from 2.6% to 7,273.

All supported sectors where electricity decreased by only 0.1% while energy decreased by 3.6%.

Caterpillar, which manufactures construction machinery and engines, accounted for 10%, although the company raised analysts' expectations for results and sales. However, the company 's forecast for the rest of the year was deemed weak and management also pointed to rising costs as a result of tariffs.

Caterpillar has also engaged industry colleagues such as Deere and Cummins.

McDonald's fast food giant's surpassed Bloomberg News reached consensus on the third quarter results, while sales in comparable restaurants were slightly lower than expected. The stock rose 6 percent.

Truck manufacturer Paccar reported earnings per share slightly above expectations, but its share was slightly above 8%.

The industrial conglomerate 3M was a real mistake of report. Profits and revenues were expected and the company also lowered its guidance for the year. The stock was down nearly 8 percent.

The best developed telecom operator Verizon, which rose 3.2% after reporting a slightly better than expected result before opening.

media company Netflix blinked 3.5%. On Monday, it was announced that the company would sell $ 2 billion of bonds, or about 18 billion Swedish kronor, where Netflix money would be used for the production of new television content.

You're here has grown more than 6% since Citron Research, which had previously adopted a negative attitude towards the electric car manufacturer, has changed footing for the quarterly report. The house of analysis indicates, among other things, that model 3 has "proven to be successful".

The interest rate on 10-year US government bonds fell 8 points to 3.11%.

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