empty
 
 

Forex Analysis & Reviews: US stock markets opened 0.5-1% lower
time 22.08.2022 05:20 AM
time Relevance up to, 23.08.2022 05:20 AM

This image is no longer relevant

In the absence of important statistics, investors are looking at quarterly reports and other corporate news, as well as statements from Fed officials.

The value of the Dow Jones Industrial Average by 16:54 GMT+3 fell by 0.71% - to 33758.39 points. Among the leaders of the decline in the index are the shares of Boeing Co., Walt Disney Co. and Salesforce Inc., depreciating more than 2%. Merck & Co. papers are the growth leader, rising in price by 1%.

Standard & Poor's 500 has fallen 1.03% since the market opened to 4239.44 points. The Nasdaq Composite fell 1.58% to 12,760.13 points.

Shares of Deere & Co. fell by 2.9% after the world's largest manufacturer of agricultural machinery and equipment reported a net profit growth in the 3rd financial quarter, weaker than market expectations and worsened its full-year forecast.

Quotes from US sportswear and footwear retailer Foot Locker Inc. soared by 22%. The company published a strong statement for the past financial quarter and announced the resignation of the chief executive officer.

The market value of General Motors Co. rises 2.1% on news that the company will resume paying quarterly dividends, suspended in April 2020 due to uncertainty caused by the COVID-19 pandemic.

Bed Bath & Beyond plunged 42% after reports that prominent billionaire investor Ryan Cohen sold his entire stake in the retailer for a profit of more than $58 million.

Capitalization of Home Depot Inc. declined 0.6% despite the fact that the board of directors of the home improvement chain has approved the launch of a $15 billion share buyback program.

The head of the Federal Reserve Bank of St. Louis, James Ballard, said on Thursday that he could support another rate hike by 75 basis points at the September meeting of the US Central Bank. At the same time, he added that, in his opinion, the economy has not yet overcome the peak of inflation.

Meanwhile, San Francisco Fed colleague Mary Daly said that to curb inflation, the rate needs to be raised to just above 3% by the end of the year, but opposed an aggressive tightening next year.

The market is still waiting for a 50 basis points rate in September, however, there are growing fears that the rate will be raised by 75 basis points.

Thomas Frank,
Analytical expert of InstaForex
© 2007-2023
EURUSD
Euro vs US Dollar
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Start trade
Start trade

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In February we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Asian stock indices show mixed performance

The main Asian indicators are trading mixed today. Thus, the Chinese Shanghai Composite and Shenzhen Composite indices were down quite significantly by 1.37% and 1.43% respectively. The Hong Kong Hang

13:18 2023-02-03 UTC+2

US stock market closed mixed, Dow Jones down 0.11%

The US stock market closed Thursday's trading in mixed directions due to the strengthening of the technology, consumer services and industrial sectors. The market demonstrates against the backdrop of negative

Thomas Frank 04:50 2023-02-03 UTC+2

Gold at the peak of popularity: what to expect in the coming year

The weak U.S. dollar and the Federal Reserve's easing monetary policy are pushes precious metals to extend gains. And not only in the short term, but also in the long

Maria Shablon 22:59 2023-02-02 UTC+2

Asian markets extend uptrend on Thursday amid increased optimism

Asian stock indexes continued to advance on Thursday. In China, the Shanghai Composite and Shenzhen Composite gained 0.06% and 0.41%, respectively, while the Hang Seng Index in Hong Kong rose

13:33 2023-02-02 UTC+2

USD/JPY plunges after Powell's dovish remarks

The US dollar plunged against all major currencies on Wednesday following a dovish statement by Fed Chairman Jerome Powell. At the long-awaited monetary policy meeting of the Federal Reserve

Аlena Ivannitskaya 07:49 2023-02-02 UTC+2

The euro got a boost after the Fed meeting: the flight continues

The European currency, unlike the American one, demonstrated stunning growth again, breaking through a psychologically important level of 1.000. The greenback has to work hard to "save face" and maintain

Larisa Kolesnikova 07:37 2023-02-02 UTC+2

USD/JPY at crossroads

Today is a very important day for the US currency. The Federal Reserve is expected to hike interest rates once again and determine the trajectory of its further tightening. This

Аlena Ivannitskaya 09:03 2023-02-01 UTC+2

The Fed's rate - a "stopcock" for the dollar?

The U.S. currency has paused ahead of the Fed's decision on the key rate. The current pause has had little effect on the greenback and has cheered up the euro

Larisa Kolesnikova 08:32 2023-02-01 UTC+2

US stocks closed higher, Dow Jones up 1.09%

At the close on the New York Stock Exchange, the Dow Jones rose 1.09%, the S&P 500 index rose 1.46%, the NASDAQ Composite index rose 1.67%. The leading performer among

Thomas Frank 04:36 2023-02-01 UTC+2

The euro is at a loss: is it in danger of falling like the USD?

The euro is steady in an uptrend, but from time to time it stumbles and fails. At the moment, the euro's efforts are rewarded by its leading position against

Larisa Kolesnikova 08:18 2023-01-31 UTC+2
Can't speak right now?
Ask your question in the chat.