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NEW YORK (Dow Jones) – After small losses early in the US stock market made the round Tuesday in the Plus. Participants quoted statements by US Federal Reserve Governor Jerome Powell, who eased fears of overstretching his home. The reporting season has had mixed results.
The Nasdaq stock market was ahead of the market as the Nasdaq composite reached a new historical record. It rose 0.6% to 7,855 points. The Dow Jones index rose 0.2% to 25,120 points, while the S & P 500 rose 0.4% to 2,810 points, closing 2,800 for the first time since early February. 706 (Monday: 710) million shares were converted. The 1,693 (1,001) winners on the Nyse were compensated by 1,249 (1,952) losers. Unchanged closed 125 (109) titles.
The focus has been on the appearance of US Federal Reserve Chairman Jerome Powell as part of the semi-annual monetary policy report to the Senate Banking Committee of the United States. United. Powell pointed to the positive US economy and reiterated his plea for gradual rate hikes. He worried stockbrokers that the US Federal Reserve could breach the good economic performance and rising inflationary tightening. At the trade disputes that the United States is fighting with China and Europe, he only knew that his result was difficult to evaluate.
Economic data showed only industrial production and capacity utilization in June. The data was slightly lower than economists' expectations, but still show strong economic growth. Business figures include UnitedHealth, Johnson & Johnson (J & J) and Goldman Sachs
Stock Trading Poor Goldman Outcome
Although Goldman outperformed earnings and earnings, observers criticized the poor performance actions. The share has lost 0.2%. Unitedhealth numbers were also negative; the stock fell 2.6 percent. In contrast, J & J rose 3.5%.
Already Monday, after the closing of the market in the United States, Netflix had presented figures that did not go well. Although the streaming provider increased its earnings in the second quarter more than expected, it disappointed customer growth. The share fell 5.2%, but was therefore significantly above the daily low after losses of about 14%.
After a downgrade on In-Line of Outperform by Evercore, Intel shares fell by 0.5%.
The dollar shows its strength
On the currency market, the dollar has strengthened, notably following the Fed's president, Powell. While dove tones were read on the stock market, the currency market was the opposite. Above all, Powell's confidence in the US economy has supported the dollar. Although the euro climbed to 1.1745 dollars at the top of the day, it then went back down and traded around 1.1660 dollars.
After yesterday's sharp drop in prices, the oil market has not recovered significantly. Few Chinese economic data sparked fears on Monday that oil demand from the Middle Kingdom could slow due to economic conditions. In addition, speculation has weighed on Russia and other oil producers who could eventually increase their oil supply. On Tuesday, there were again reports of further delays in supplying Libya, which reminded participants that the supply is far from plentiful. The price of a barrel of US crude oil type WTI added to the minimum element of 2 cents to $ 68.08. The European benchmark Brent rose 0.3% to $ 72.02.
Gold was not in demand. The price of a troy ounce dropped by 0.9 percent to $ 1,228. Investors see little reason to buy gold interest-free due to rising interest rates in the United States. The strong dollar also weighed on the price.
On the bond market, yesterday's yields rose slightly, boosting their profits. Ten-year issues increased 1 basis point to 2.86%.
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INDEX last + / -% absolute + / -% cumul
DJIA 25 119.89 0.22 55.53 1.62
S & P-500 2,809.58 0 , 40 11, 15 5.09
Nasdaq Comp. 7,855.12 0.63 49.40 13.79
Nasdaq-100 7,403.89 0.63 45.99 15.75
US Bonds
Bp Yield Yield Yesterday Return Yesterday + / YTD
2 years 2,62 2.1 2,59 141.3
5 years 2,77 1,4 2,75 84.2
7 years 2,83 0, 6 2,82 58,3
10 years 2,86 0.6 2,86 41.9
30 years old 2.97 0.6 2.96 -10.1
DEVISEN last + / -% Tue, 7.30, Mon, 17.15%
EUR / USD 1.1664 -0.40% 1.1715 1.1669 -2.9%
EUR / JPY 131, 63 + 0.11% 131.67 131,15 -2,7%
EUR / CHF 1,1657 -0,17% 1,1671 1,1701 -0,5%
EUR / GBP 0, 8895 + 0,56% 0,8846 1,1326 + 0.1%
USD / JPY 112.86 + 0.52% 112.39 112.40 + 0.2%
GBP / USD 1.3113 -0.95% 1.3244 1.3214 -3.0%
Bitcoin
BTC / USD 7,305.98 + 9.6% 6,709.32 6,277.04 -46.5%
ROHOEL last VT-Settl. + / -% +/- USD% year-on-year
WTI / Nymex 68.06 68.06 0% 0.00 + 14.5%
Brent / ICE 72.02 71.84 + 0.3 % 0, 18 + 11.6%
METALS Last day left +/-% +/- USD% YTD
Gold (spot) 1,228.33 1,239.64 -0.9% -11, 30 -5, 7%
Silver (Spot) 15.59 15.79 -1.3% -0.20 -7.9%
Platinum (Spot) 818.50 824.50 – 0,7% -6,00 -11,9%
Copper Future 2,75 2,76 -0,6% -0,02 -17,7%
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Contact Us Author: makerkte dowjones.com
DJG / DJN / raz
(END) Newspaper Wire Dow Jones
July 17, 2018 4:11 pm ET (20:11 GMT)
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