Wall Street Prudent before the results of big names in tech

The Dow Jones increased by 0.40% while the NASDAQ index flexes 0.39%. Furthermore, The enlargement index S&P 500 grabbed 0.06% and thus achieves a new record in closing at 6309.62 points. In addition,

The New York Stock Exchange finished in dispersed order on Tuesday. However, showing the reserve after many business results, and on the eve of the publication of financial data of two major Tech, Alphabet (Google) and Tesla names.

Dow Jones took 0.40% while the NASDAQ index fell 0.39%. Meanwhile, The enlarged S&P 500 index closed 0.06% and thus made a new record at 6.309.62 points.

On Tuesday. we attended “an abandonment movement of some of the winning values” in recent weeks “like major technological values, in favor of smaller values”, comments with AFP Steve Sosnick, of Interactive Brokers.

The analyst highlights the good performance of the Russell 2000 wall street prudent before results index. which brings together 2,000 more modest companies and which has advanced by 0.79%.

Questioned by AFP, Hogan art, by B. Riley Wealth Management. points out “some profits before the first publication (financial, editor’s note) of the +seven magnificent +”, the nickname given to the big names in the technological sector.

The results of alphabet (+0.50% to 192.11 dollars), the mother house of Google, and Tesla (+1.10% at 332.11 dollars) are expected Wednesday after the fence of Wall Street.

These financial performances will be shared in the middle of a week rich in publications: more than a hundred. companies making up the S&P 500 index must publish their results there.

“It is a difficult profits season where expectations are very low but where the stock prices are already very high” while the American place has multiplied records since the end of June. judge Art Hogan.

Investors also show their guards wall street prudent before results as August 1 approaches. a deadline given by US President Donald Trump to the United States’s business partners to achieve a customs duties agreement.

Until now. only four agreements have been announced by Washington, the last with the Philippines on Tuesday, as well as a de -escalation agreement with China, after a rise in trade tensions between the first two world powers in the wake of the announcement of “reciprocal” customs duties.

On the bond market, the return of the borrowing at ten years relaxed, 4.34% around 8:20 p.m. GMT against 4.38% at the end on Monday.

On the table of values, the American automaker General Motors stalled (-8.12% to 48.89 dollars) despite a second quarter exceeding the expectations of analysts.

Between April and June, the Detroit giant gave turnover of $ 47.12 billion (-1.8%) and a net profit of 1.89 billion (-35.4%).

The group estimated the net impact of wall street prudent before results customs duties in this quarter at $ 1.1 billion, and confirmed a gross impact around $ 4 to 5 billion for the whole year.

Microsoft (-0.94% to $ 505.27) dropped from the ballast after revealing that several groups of Chinese hackers have exploited a safety flaw for its. SharePoint server management software.

The US defense group Lockheed Martin clearly slipped (-10.81% to 410.74 dollars) after tumbling down from its net profit in the second quarter, weighed down by exceptional charges of approximately $ 1.7 billion.

Over one year, its net profit fell by almost 80%, to 342 million US dollars compared to 1.6 billion in the same quarter last year.

The American giant Coca-Cola lost ground (-0.59% to 69.66 dollars) following mixed results, including a turnover below expectations.

The group has also confirmed the marketing “in the fall” in the United States of a cane sugar version. of its famous wall street prudent before results Soda.