Saturday , June 19 2021

Dow and S & P 500 wiped out their growth for the year ::

Dow and S & P 500 wiped out their growth for the year

Photo: Reuters

Major indices in the US cut off the session with sharp declines and turned red for the year after the depreciation of the stock price Goal pressure on retailers. At the same time, the most popular technology companies also reported significant interference, reports CNBC.

Blue chip index Dow Jones Industrial Average oit put 552 points of its value, and S & P 500 decreased by 1.8%. Before the beginning of the session Dow and S & P 500 were respectively 1.2% and 0.6% more than the year, today's losses have erased that growth.

Technological index Nasdaq Composite also ended up 1.7%, but still managed to remain green for the year.

The Book of Goal fell 10.5 percent after the seller announced a lower-value financial position than the previous year for the previous quarter. The company also publishes worse estimates of comparable sales, a key measure for retailers.

Drop was sent SPDR S & P Retail ETF (XRT) with 3.3% down. Cole, L Brands and Macy, which are also part of XRT, decreased by 8.8%, 17.1% and 3.2%, respectively. Critical crises in retailers occur just before the holidays, which is a critical period of the year for these companies.

T. companies FAANG also ended in red on Tuesday. Shares on Facebook they fell by about half a percent, and on Amazon and Netflix of at least 1%. Apple write about 5.2% of its value.

On bond markets, yields are falling, as investors seek sovereign debt security due to stock market volatility.

Profitability of 10-year government securities reached about 3.05% and more 30-year government bonds – up to 3.304 percent.

In the foreign exchange markets, the dollar was recovering from its two-week minimum, as investors also sought it as a safer asset. Other similar currencies, such as the yen and the Swiss franc, are also doing well.

In the afternoon trade, the dollar, which measured its value against the basket of six competitive currencies, increased by 0.65 percent to 96.83 points, recovering from the lowest level since November 7.

The euro however, failed to keep up with the background of poor performance in Europe. The value of the single currency was 0.73% and amounted to 1.1367 dollars.

Crude oil prices fell about 7% on stock exchanges, ending a 4-day increase and continued sales, leading to futures markets in the bears market.

Contracts for US crude oil WTI fell by $ 3.77, or 6.6%, to $ 53.43 per barrel, and the lowest value for that day was $ 52.77 – at the bottom of October 2017.

Futures on Brenta which is $ 4.43 or 6.6 percent, to $ 62.36 per barrel, after falling to 61.71 dollars earlier, the lowest since December 2017.

Gold also fell slightly on Tuesday due to the pressure from the dollar. His future ended with $ 4.10 for $ 1,222.20 an ounce.

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