Economic news

Wall Street stocks mostly rebound, only Dow plunges

Wall Street closed mostly in the green on previous day with the Dow fading recent gains, as equities diminished their early positive sentiment due to government bond yields drop.

wall street mixed as treasury bond yields down

U.S. stock markets are focused on the results of trade negotiations between the Beijing and Washington, but these results have not be seen for almost 1.5 years, they are unlikely to be at all. Nevertheless, the indices still hope for something and grow modestly.

The Dow decreased by 0.09 percent, to 26,007. During the Wednesday’s trading session, the decline reached 2.3 percent, and the rebound was a record one since last December. The S&P 500 increased by 0.08 percent, to 2,883 and the Nasdaq Composite added 0.38 percent, to 7,862.

The indexes decline during the session was caused by the news about three Central Banks - New Zealand, India and Thailand, which decided to lower interest rates, interpreted by investors as another signal of a slowdown in global economic growth.

Meanwhile, the market continues to monitor the quarterly large companies reports.

Walt Disney shares went down by 3.93 percent on close bell after the largest entertainment and media company showed a 51 percent drop in net profit following the results of the Q3.

CVS Health pharmacy chain increased by 7.5 percent amid strong quarterly figure. The Hertz car rental service securities fell by 5.2 percent. Visa, Coca-Cola added 2.34 percent and 1.80 percent respectively. Apple and McDonalds follow with 1.77 percent and 1.30 percent jump in shares value.


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