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Why U.S. Stocks May Continue to Crash? – Is there a Light?

Why U.S. Stocks May Continue to Crash? – Is there a Light?

Following the insufficient effectiveness observed in the previous session, the stocks may continue to be volatile. Major index futures are currently indicating roughly open markets. S&P 500 futures rose less than a tenth of a percentage point. Traders can continue to bypass the page. They are looking forward to the revenue reporting season picking up steam in the coming days. Although several large companies have already announced their quarterly results, Traders can wait until the end of the week to form a common opinion every quarter. IBM and Netflix are among the companies announcing their results after trading. Verizon, Tesla, Procter & Gamble, AT&T, and American Express will release the results this week.

Travelers announced their first-quarter results before trading. The firm sees noticeable weakness in the pre-market, while profits exceed analysts’ estimates. Johnson & Johnson shares may also move downward after the healthcare giant announced better-than-expected earnings in the first quarter; However, reduced year-round guidelines.

Hasbro shares are likely to see initial strength; After the toy manufacturer announced its first-quarter profit, which missed analysts’ estimates. However, it has boosted its full-year profit forecast. In U.S. Economic News, the Commerce Department released a report. It shows that new housing construction should have experienced moderate growth in March.

The report showed that housing construction in March increased by 0.3 percent. And the annual figure was 1.793 million. After rising 6.5 percent in February. 1.788 million adjusted figure. The rise surprised economists, who expected housing to fall by 1.4 percent; The total will be 1.745 million from the previous month’s 1.769 million.

The U.S. Stocks – Is There Hope?

The Department of Commerce said construction permits also increased by 0.4 percent, up from 1.873 million in March, after declining by 1.6 and showing an adjusted figure of 1.865 million in February. Building permits, the demand for future housing, fell 1.8 percent.

Shares fluctuated during the trading session on Monday. After a sharp turnaround last Thursday, key averages were moving back and forth along an unbroken line. The session ended modestly below the key averages. The Dow fell 39.54 points or 0.1 percent. Nasdaq decreased by 18.72 points. The S&P 500 lost 0.90 points.

In overseas trading, stock exchanges in the Asia-Pacific region showed mixed figures in trading. The Nikkei 225 index rose 0.7 percent. The Hang Seng index fell 2.3 percent. Meanwhile, major European markets have declined. The CAC 40 index fell 1.1 percent. The DAX index lost 0.7 percent. The FTSE 100 dipped 0.5 percent.

In commodity trading, crude oil futures fell to $105.59 a barrel; After rising to $108.21 on Monday. Meanwhile, after rising to $1986.40 in the previous session, gold futures fell to $1981.70. On the foreign exchange front, the U.S. dollar traded at 128.28 yen. The dollar is valued at $1.0797 against the euro.

The post Why U.S. Stocks May Continue to Crash? – Is there a Light? appeared first on FinanceBrokerage.

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