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Wall street opens red before:
A trader works on the New York Stock Exchange Prosecutor’s Office
The New York Stock Exchange opened on Thursday, while investors continue to analyze the results of American retailers, pending the Federal Reserve Symposium (Fed) in Jackson Hole. For example,
In the first exchanges, the Dow Jones index lost 196.36 points, or 0.44%, at 44,741.95 points and the Standard & Poor’s 500, wider, fell from 0.36% to 6,372.66 points. Furthermore,
The Nasdaq Composite gives way 0.38%, or 80.10 points, to 21,092.76 points. However,
Central bankers meet from Thursday and for two days in Jackson Hole, Wyoming, for the Fed symposium. Therefore, The highlight of the wall street opens red before meeting, the speech scheduled for Friday at 2:00 p.m. GMT from the boss of the American central bank, Jerome Powell.
Investors are impatiently awaiting any declaration on the part of the President of the Fed that can suggest a drop in interest rates in September. given the recent low labor market.
In addition. unemployed registration increased more than expected in the United States during the week to August 16, to 235,000 against 224,000 in the previous week, the Labor Department announced on Thursday.
The markets also continue to analyze the results of large American retailers, with Walmart online in sight. The figures published earlier this week by its competitors Target. Home Depot have drawn a mixed table, and investors are now trying to assess how American customs duties could affect sales during the holiday season.
At the values, Walmart fell by 5.11% wall street opens red before after missing estimates for its profit per action adjusted for the first time in 13 quarters. The group also noted its turnover and profit forecasts for tax fiscal year on Thursday.
The American consumption giant has also implemented minimal price increases compared to its competitors. has committed to maintaining low prices, while obtaining themselves into affordable discretionary products in order to attract more customers.
Coty is also in the red and fell by 20.27% after planning a drop in sales for the current quarter. due to the weakness of demand for beauty products in the United States, and reported an unexpected loss for its fourth quarter.
* For the values to follow, click on [L8N3UD0D3]
(Written by Mara Vîlcu, edited by Augustin Turpin)
Wall street opens red before
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