August 14, 2022

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Wall Street in red |  Finansavisen

Red starts after the best month since 2020

July was the best month for the Nasdaq tech index on Wall Street since April 2020. However, the first day of trading in August was not positive.

  • heavy industrial Dow JonesThe index fell 0.14 percent to 32,799.18 points.
  • the wide Standard & Poor’s 500– The index fell 0.28 percent on Monday, and now stands at 4,118.63 points.
  • Technology Index Nasdaq It also ended the day 0.18 percent lower at 12,368.98 points.

“We’re seeing a comfortable recovery in the stock market, with pessimism at extreme levels, and with long-term interest rates low again,” said Chris Zaccarelli, CIA’s chief investment officer.

The yield on 10-year government bonds fell by 0.044, while the same figure for 30-year government bonds fell by 0.049.

oil

At closing time on Wall Street burntA sharp drop in oil by 7.24 percent at $99.87 a barrel. At the same time it goes down West Texas IntermediateOil is 5% higher, and a barrel now costs $93.71.

An important factor for lower prices is the disappointing industrial numbers from China, as well as the high shoulders in the market ahead of the OPEC+ meeting on Wednesday.

On the New York Stock Exchange, oil stocks react negatively. ExxonMobil , which last week posted a historically good second quarter, ended the day 2.53 percent lower at $94.48 per share. At the same time, it sank chevron Which also provided numbers last week, fell 2% to $160.56.

movements

Among the winners today is the aircraft manufacturer Boeingwhich ended the day 6.13 percent higher at $169.07. Last week, the company provided quarterly figures, with the company receiving a base result per share of -0.37 dollars in the second quarter of 2022, compared to 0.40 dollars in the same quarter a year earlier, according to a letter from the company on Wednesday. .

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Royal Caribbean Cruise It fell sharply by 7.54 percent to a price of $ 35.79 per share. At the same time, the opponent refused Carnival Company By 1.55 percent to $8.92.

Frederiksen Shipping Company golden ocean group It rose well by 3.5 percent to a price of $11.3 per share. This is despite the fact that the Baltic Dry index fell for the seventh day in a row on Monday.

Energy Drink Manufacturer Celsius Holdings It ended the day strong by 11.14 percent to $98.87 per share. This comes next PepsiCo which finished the day 1.14 percent higher, bought heavily in the company.

Cryptocurrency

After 10:30 p.m., it sinks Bitcoinwhich is the world’s largest cryptocurrency, increased by 1.27 percent at $32,019.8 per coin.

At the same time, other major currencies such as raised And the XRP with 3.26 and 0.93 per cent, respectively.