(Telestock) – Wall Street’s rebound fades, with stocks sailing in the red at the halfway pointdespite a strong start for technology stocks. Sentiment was fueled at the start by the accounts of Taiwanese semiconductor giant TSMC, which saw its profit grow by 34%. Selective gains among American Blue-Chips.
On the macroeconomic front, jobless claims rose more than expected to 243,000, while manufacturing activity in the Philadelphia area showed positive signs. The leading indicator also came in better than expected.
In New York, it moves below parity Dow Joneswhich fell to 40,923 points, with a percentage gap of 0.67%, thus breaking the bullish streak supported by six consecutive gains, which began on the 10th of this month; along the same lines, slightly decreasing theS&P-500which continues the day below parity at 5,563 points. In fractional decline the Nasdaq 100 (-0.38%); along the same lines, just below parity theS&P 100 (-0.51%).
The sector stands out in the S&P 500 power. At the bottom of the S&P 500 ranking, significant declines are seen in the sectors health (-1.66%), financial (-0.56%) and informatics (-0.48%).
To the top between Wall Street Giants, Intel (+3.48%), Caterpillar (+1.50%), Chevron (+1.18%) and Travelers Company (+0.98%).
The strongest drops, however, occur on J.P. Morganwhich continues the session with -2.78%.
Prey of the sellers Merckwith a decrease of 2.26%.
Sales are concentrated on Goldman-Sachswhich suffers a decline of 2.25%.
Sales on Amazonwhich recorded a decrease of 1.94%.
Between best performers of the Nasdaq 100, Cintas Corporation (+5.93%), Warner Bros.Discovery (+5.29%), Intel (+3.48%) and Tesla Motors (+3.15%).
The strongest drops, however, occur on SiriusXMRadiowhich continues the session with -6.97%.
Goes down CrowdStrikeHoldingswith a decrease of 4.21%.
It collapses Cadence Design Systemswith a decrease of 4.09%.
Sales in full force on IDEXX Laboratorieswhich suffers a decrease of 4.07%.
Between macroeconomic quantities most important US markets:
Thursday 18/07/2024
2.30pm USA: PhillyFed (expected 2.7 points; prev. 1.3 points)
2.30pm USA: Unemployment claims, weekly (expected 229K; prev. 223K)
4:00 pm USA: Leading indicator, monthly (expected -0.3%; prev. -0.4%)
Tuesday 23/07/2024
4:00 pm USA: Existing Home Sales, Monthly (prev. -0.7%)
4:00 pm USA: Existing homes sold (previous 4.11 million units).