Friday , October 22 2021

Down on Wall Street | Business world


Leading stock exchanges on Wall Street were sold on Thursday, with the exception of Dow Jones, which climbed just above the zero line.

A day earlier, real profits were recorded, which followed the expected election result in the middle of the year. The Federal Reserve did not offer any surprises and left the key rate unchanged.

At the close the Dow Jones industrial index grew slightly at 26,191, while the S & P 500 index fell 0.3 percent to 2.807. Nasdaq focused on technology withdrew by 0.5 percent to 7.531.

Sector finance was 0.3%, and energy decreased by 2.2%.

Tesla, an electric car manufacturer, appointed Robyn Denholm as the new chairman of the board. Takes over the president of the founder and general manager of Tesla, Elon Muska, who in agreement with the secretariat of the United States secretariat in September agreed to release the presidential club. In addition, Macquire predicts that the company can be incorporated into the S & P 500 in the second quarter of 2019, writes Bloomberg News. The value of shares increased by 0.9 percent.

Qualcomm's report from Telecom for the fourth quarter of the financial year exceeded expectations. Revenues amounted to 5.8 billion dollars, 0.3 billion compared to analysts' consensus according to Bloomberg News. For the first quarter of the new financial year revenues should fall within the range of USD 4.5-5.3 billion. However, it was expected to be 5.6 billion. Qualcomm is in a dispute with Apple, who has stopped using the Qualcomm chip. In addition, the phone manufacturer refuses to pay license fees of up to several billion dollars. Qualcomm lost 8.2 percent.

The creator of the founder, Crocs, gave the results of the third quarter, which met the expectations. At the same time, the company adjusted the forecast of sales growth to 4-5%. Earlier, "low growth in single-digit numbers" was communicated. The share was 27.6 percent.

Strong development was also recorded on TripAdvisor, which added 15.3%. The adjusted earnings per share in the third quarter were $ 72.72, compared to analysts' consensus at $ 0.48, according to Bloomberg. However, sales worth 458 million dollars were just over 11 million worse than expected.

Among the raw materials, oil prices continued to fall, and WTI was down 1.8 per cent, by 60:57 dollars per barrel. From the highest quotations in October, the price dropped by about 20 percent.

The interest rate on 10-year US government bonds remained unchanged at 3.24%.

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