Wall Street starts August lower after July rally

Wall Street starts August lower after July rally

(Finance) – First session of August weak for the New York Stock Exchange, which closed the last session of last week and July with a rise supported by some brilliant corporate quarterly reports. The three major equity indices posted their best performance since 2020 in July. Today most of the quarterly results comes after the market closes, with investors looking at the performance of Devon Energy, Diamondback, Activision Blizzard, CF Industries, Avis.

Eyes on ADR from HSBCafter the British banking giant promised to bring its dividend back to pre-pandemic levels as it posted better-than-expected second-quarter earnings.

The sales of the main ones continue to increase Chinese electric vehicle manufacturers (NIO, Xpeng And Auto them), while Alibaba would be working for maintain its listing on the New York Stock Exchange along with the Hong Kong listing after being placed on a watchlist for delisting by US authorities.

On front of the M&A, Nikolaa US company that produces low-emission commercial vehicles, has entered into a definitive agreement to acquire Romeo Powerprovider of advanced electrification solutions for commercial vehicles. Global Paymentsa leading operator of payment technologies and software solutions, has reached an agreement to acquire EVO Paymentsprovider of payment technology integrations and acquiring solutions.

Caution prevails on Wall Streetwith the Dow Jones which continues the session with a slight decrease of 0.51%, interrupting the series of three consecutive rises, which began last Wednesday; along the same lines, sells theS & P-500, which falls back to 4,104 points. The Nasdaq 100 (-0.52%); on the same trend, in fractional decline theS&P 100 (-0.5%).

All the sectors. In the lower part of the S&P 500 ranking, significant falls are manifested in the sectors power (-2.82%), financial (-1.31%) e telecommunications (-1.12%).

Between protagonists of the Dow Jones, Boeing (+ 5.18%) e Intel (+ 1.10%).

The worst performances, on the other hand, are recorded on DOWwhich gets -2.16%.

Negative sitting for Caterpillarwhich drops by 2.16%.

Sensitive losses for Chevrondown 2.04%.

Sales focus on Salesforcewhich suffers a decline of 1.85%.

Between best performers of the Nasdaq 100, Tesla Motors (+ 2.92%), Dexcom (+ 2.39%), Dollar Tree (+ 1.15%) e Intel (+ 1.10%).

The strongest falls, on the other hand, occur on Pinduoduo Inc Spon Each Repwhich continues the session with -4.55%.

Breathless JD.comwhich falls by 4.07%.

Thud of NetEasewhich shows a drop of 3.68%.

Letter on Baiduwhich records a significant decline of 3.64%.

Between macroeconomic quantities most important of the US markets:

Monday 01/08/2022
15:45 USA: Manufacturing PMI (expected 52.3 points; preceding 52.7 points)
4:00 pm USA: Manufacturing ISM (expected 52 points; previous 53 points)

Wednesday 03/08/2022
15:45 USA: Composite PMI (expected 47.5 points; preceding 52.3 points)
15:45 USA: PMI services (expected 47 points; preceding 52.7 points)
4:00 pm USA: ISM non-manufacturing (53.5 points expected; previous 55.3 points).

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