Monday , March 30 2020
Home / portugal / Alphabet drags Nasdaq on Apple's presentation of earnings – The Economic Journal

Alphabet drags Nasdaq on Apple's presentation of earnings – The Economic Journal


The three main indexes of the New York Stock Exchange ended the session on Tuesday with no definitive trend. After the historic highs reached on Monday, the Nasdaq technology company hired, penalized for the drop in Google's proprietary Alphabet.

The S & P 500 increased 0.10% to 2,946.08 points; Nasdaq technology fell 0.73%, to 7,781, 46 points; and Dow Jones Industrial advanced 0.14% to 26,952.50 points.

The alphabet lost 7.50% to $ 1,198.96 after showing the results that were considered below. In the first quarter of the year, the company's profits fell by 30% year-on-year to $ 6,657 million.

The market is waiting for the presentation of Apple's second quarter results, which will be published after the closing session.

A positive culmination point for the financial and industrial conglomerate of General Electric, whose results exceeded the expectations. The shares of the company earned a profit of 4.43% at 10.17 dollars.

Note for the start of the two-day meeting of the Federal Reserve of the United States. Investors are waiting for new signs about the future of the monetary policy direction of the world's largest economy. US President Donald Trump has once again pushed the Fed to start lowering interest rates so the United States will grow at the same pace as China.

In other cases, Trum asked Deutsche Bank and Capital One not to deliver their financial records to Congress.

In the trade talks with China, the US representative, Robert Lighthizer, travels to Beijing, the Chinese capital, with state finance secretary Steven Mnuchin for a new round of talks.

In raw materials, Brent, a benchmark for the European market, rises 1.05% to $ 72.80 and West Texas Intermediate rises 0.52% to $ 63.83.

Source link