Scholarships in New York are closed at a loss. Investors became restless about the lack of details on the Washington support package for the US economy. The Federal Reserve reported to raise policy rates not quickly. At the same time, the higher unemployment applications in the US over last week pressed the vote.
The Dow Jones index closed by 0.2%, the S&P 500 dropped 0.4%. Technology fonses gave the Nasdaq 0.1% loss.
News about the number of applications reported for a benefit in the United States busted trade. That number decreased by 181,000 on a weekly basis to almost one million (965,000) for the period ending 9 January.
But that decline is lagging behind with what the market had calculated: 800,000, compared with 784,000 a week before. The 965,000 applications have been the low point since 22 August. At that time, over 1 million applications were submitted.
Fed interest rates just
after the exchange came to the top of the support package that the new President Biden was going to spend for $2 trillion, on top of the current amount of aid. Consumers will receive support again.
Jerome Powell of the Federal Reserve presented a webcast on the policies of the central banks system. Investors were looking for signs of rising inflation. Powell didnt see that one. There is no prospect of a rapid interest rate hike in the near future, he repeated.
The price of oil, gold, soybeans, wheat and beef deteriorated.
OPEC oil cartel foresees a shrinkage this year of 4.1%. Oil demand will rise slightly this year, predicts the partnership at a Brent price of $55.50 per barrel of 158.9 liters.
The effective remuneration for the 10-year US government bond increased by 15 basis points to 1.103%.
Biotech top man Bancel of Moderna pressed the vote by reporting that the world will never get rid of the SARS-COV-2 virus.
Tech shares mixed
Tech shares performed mixed: Apple fell by 1.5%, just like Microsoft, Facebook lost 2.4%.
But LAM, ASML, Intel and Zoom rose to 6%. Network companies Verizon and Cisco went down slightly.
Google announced cooperation with Nokia for the construction of 5G cloud networks, parent company Alphabet decreased 0.8%.
Signet Jewelers jumped 6.1% out on Wall Street. His four-quarter sales come from between $2.1 and $2.12 billion, much better than analysts predicted.
On the stock exchanges, video gameretailer GameStop notes 27.1% higher, after 6% profit on Wednesday. The share went up by 57% for a short time this week; analysts see a lot of speculators working here.
The effect of quarterly figures seeped through. Asset manager BlackRock (-4.8%) reported a profit of $10.18 per share, well above the $9.14 previously reported among analysts. His revenue grew by 13% over the past three months compared to last year to $4.48 billion. The worlds largest asset manager reached a limit of $8680 billion, the highest level ever.
Oil companies Occidental and Marathon Oil went up to 8%.
Delta Airlines increased 2.5%, despite 65% annual turnover decline over the fourth quarter. It reported a quarterly loss of $2.53 per share, with $2.50 for sales in the fourth quarter. It does think it can be profitable from this summer.
American Airlines won 5.9%. Boeing thickness 1.3% to.
Car builder Tesla dropped 1.1%. It has to bring back 158,000 cars to the garage due to a malfunction of the central control screen.
Payment processing PayPal (-1,1%) received a fully proprietary payment platform in China, as the first foreign company. It bought out the 30% stake of GoPay.
Webshop Amazon (-1.2%) is under attack from regulators, it would have disadvantaged competitors for its e-books with its market power.
The Snap share (-8,2%) responded to the permanent blockade it made for President Trumps account.
Retail chain Nordstrom (-1.9%) reported that sales during the last few weeks were 22% behind a year before. But sales improved more and more from November.