New York stocks close without a single signal, with swings front and center but little momentum – 08/04/2022

New York stock markets did not have a single signal on Thursday. Investors watched corporate earnings, but the overall picture was one of weak momentum after strong gains in the previous trading session.

The Dow Jones Industrial Average closed down 0.26% at 32,726.82 points, the S&P 500 fell 0.08% at 4,151.94 points and the Nasdaq rose 0.41% at 12,720. .58 points.

Among the flagship values, Restaurant Brands International recorded an increase of 7.40%, after the publication of a balance sheet. The Canadian company that controls Burger King’s operations performed better than expected in the second quarter.

Also after the balance, ConocoPhillips rose for part of the day, but ended down 1.58%.

In a day of losses for oil, Chevron fell 2.72% and ExxonMobil fell 4.21% in the energy sector.

The picture was mixed across sectors on Thursday in New York, with financials and healthcare also down. Industrials, technology and communication services all posted gains, with the latter two helping the Nasdaq rise.

Among key stocks, Amazon rose 2.19%, Microsoft rose 0.42%, Meta rose 1.05% – after launching its first corporate bond issue – and Alphabet gained 0.09% Apple, however, fell 0.19%. Among other stocks, Boeing was down 0.08%, Caterpillar was up 0.42% and Netflix was up 1.40%.

Tesla, in turn, closed 0.40% higher as the company’s shareholders expect them to approve the electric carmaker’s three-part split. For the current year as a whole, Tesla’s stock is down 12.38%, but in August alone it’s up 3.86%.

Among the leaders of the Federal Reserve (Fed, the American central bank), there were renewed promises to fight against inflation, but without change compared to the recent communication of the institution on Thursday.

Elmer Hayward

"Pop culture fan. Coffee expert. Bacon nerd. Infuriatingly humble communicator. Friendly gamer."

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