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U.S. The S & P 500 is on track for a third losing session in a row, a sign that the market is still absorbing recent bruises from some disappointing results.
ends on a pessimistic note, with an increasingly weak appetite for the sluggish results of the second quarter
What are the main benchmarks?
Dow Jones Industrial Average
YMU8, -0.01%
slipped 17 points, or 0.1%, to 25,397, while the S & P 500 futures
ESU8, -0.09%
lost 3.50 points, or 0.1%, to 2,814. Nasdaq-100 futures
NQU8, -0.11%
decreased by 7.25 points, or 0.1%, to 7.294.
Friday, the Dow Jones
DJIA, -0.30%
S & P 500
SPX, -0.66%
and the Nasdaq composite
COMP, -1.46%
closed down, the Dow slamming a series of three-day wins, while the S & P and Nasdaq fell for a second consecutive session.
There are two days left in July, the three gauges show good gains for the month. The S & P is up 3.7% for the month to date, representing its largest increase since January, while the Dow and Nasdaq are respectively up 4.9% and 3%.
What is stimulating the markets? Last month, some concerns about global trade tensions focused on optimistic earnings results in the second quarter.
But some internet companies plummeted last week after disappointing releases and weighed on the market, including Facebook and Twitter. The Inc report on Tuesday night will be key this week.
Checkout: Earnings Watch – Even Apple hides behind Elon Musk
What strategists say
"The strong contribution of FANG shares to the return of S & P has been referenced as a market warning, as if their strength masked the weakness beneath the surface of S & P, "said Ari Wald,
" In fact, 92% of S & P's 2018 gain occurred outside of Big 6 (AAPL, MSFT, AMZN, FB, GOOG, NFLX) on an equal weighted basis – showing that there have been great opportunities to make money this year, "Wald added, Referring to Apple Inc.
AAPL, -1.66%
Microsoft Corp.
MSFT, -1.77%
Amazon.com Inc.
AMZN, + 0.51%
Facebook Inc.
FB , -0.78%
parent Google Alphabet Inc.
GOOG, -2.35%
GOOGL, -2.54%
and Netflix Inc.
NFLX, -2.17%
What stocks are targeted?
Stock of CBS Corp.
CBS, -6.12%
could face more sales after falling 6.1% on Friday at the announcement that the board of directors of the company's media would investigate allegations of personal misconduct of CEO Les Moonves. Some council members discussed over the weekend whether Moonves should pull out, after a New York article reported on Friday that six women came forward saying that he had sexually harassed them for a while. period of three decades.
Stock of MGM Resorts International
MGM, -1.60%
could be active after the casino operator announced that it was going to create a US sports betting and online gaming company with the company's UK GVC Holdings PLC Games
GVC, + 5.02%
. The alliance is seen as taking advantage of the opportunities opened up by the recent US Supreme Court decision on sports betting.
Actions in the Heavy Machinery Manufacturer Caterpillar Inc.
CAT, -0.01% [19659005] and the owner of the shopping center Simon Property Group Inc.
SPG , -1.37%
are likely to be active traders because they are among the companies that should record profits before the opening.
What are the other markets doing?
European Equities
SXXP, -0.27%
traded down, while Asian markets closed with losses.
CLU8, + 1.05%
earned, as gold futures
GCQ8, -0.17%
and the ICE U.S. Dollar Index
DXY, -0.16%
immersed
What are the economic reports that attract attention?
A June report on outstanding home sales is expected to be released at 10 pm Eastern Time.
Checkout: MarketWatch Economic Calendar
On the Federal Reserve front, the central bank's steering committee is set to begin a two-day meeting on Tuesday. Economists expect it to not increase interest rates, but see it publish a statement Wednesday clearly stating that further rate hikes are coming. Two more rate hikes were reported this year, but the first is not expected before September
Other central banks hold meetings this week: The Bank of Japan is seen as largely holding its policy monetary policy as at 30 July. -31, while the Bank of England is expected to raise interest rates on Thursday, to only its second rise in a decade.
Do not miss it: Why investors will closely monitor the Bank of Japan
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