Economic news

Wall Street sags ahead of trade talks resumption at G20

U.S. stock indexes go on hold until the smoke clears a little in Sino-American negotiations, as it is expected in the framework of the G20 summit.

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The U.S. indices are falling on all the world’s stocks - investors are looking for safer assets such as bonds and gold. Gold futures for August delivery grew by1.21 percent to $1,435.30 at 15.23 GMT.

The Dow Jones Industrial Average dropped by 0.5 percent, to 26,692, the S&P 500 index eased by 0.30 percent, to 2,935 and the Nasdaq Composite went down by 0.63 percent, to 7,954 at 15.33 GMT.

The U.S. stock market is waiting for speeches of several officials later on Tuesday on the economic situation in the country and monetary policy.

The AbbVie Inc. share price has noticeably dropped. by 14.6 percent. The company reached an acquisition agreement for $63 billion from Irish Allergan Plc, whose shares jumped by 27.8 percent on Tuesday.

FedEx Corp.shares became cheaper - by 1.8 percent. The delivery service plans to publish quarterly financial data on Tuesday after the end of the auction. Yesterday, the company said it filed a lawsuit in a U.S. court after failing to deliver Huawei Technologies Co.

Companies that reported a significant decline in share prices on Tuesday: United Natural Foods (-17.45), Fuelcell Energy (-14.29),  Bel Fuse (-10.82), Amyris (-10.14), MoneyGram International (-9.16), Us Ecology (-8.48), Bristol-Myers Squibb (-7.42), Celgene (-5.50), EQT (-5.14), Nielsen (-4.49), etc. 


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