Wednesday , July 28 2021

The future of the stock of the United States fall shortened session as the data of China reinforces fears t



The future US stocks fell on Monday in & # 39; shortened session, as weaker Chinese growth data of three decades took on investors.

The regular trading for the US markets will be closed Monday in honor of Martin Luther King Jr. Day. Markets resume Friday on Tuesday.

The performance of & # 39; benchmarks?

The Dow Jones Industrial Average futures

YMH9, -0.39%

fell 87 points, or 0.4%, to 24 599, while the S & P 500 futures

ESH9, -0.34%

dropped 8.85 points, or 0.3%, to 2662.75. Nasdaq 100

NQH9, -0.41%

fell 27.25 points, or 0.4%, to 6765.50.

Stocks closed higher for the fourth & # 39; straight session on Friday. The Industrial Average & # 39; Dow Jones

DJIA, + 1.38%

rose & # 39; 336.25 points, or 1.4%, to finish with & # 39; & # 24706.35 for a gain of 39; 3% per week. The index S & P 500

SPX, + 1.32%

advanced 1.3% to 2670.71, 2.9% for this week. The Nasdaq Composite

COMP, + 1.03%

increased 1% to 7157.23, and ended the week 2.7% higher.

S & # 39; is driving the market?

The gross domestic product of China for 2018 increased 6.6%, the slower annual pace recorded in the country since 1990. The slowdown increased in the fourth & # 39; quarter of last year, with growth rising by & # 39; 6.4% on an annual basis. The trade conflict with the United States added to the problems of the country as some exporters were forced to lay off jobs.

Read: On trade, the regional private equity China is "hope for the best, prepared for the worst"

The United States and China remain on trees on major issues to work & # 39; share with & # 39; allegations that the latter has exercised theft of intellectual property for decades & # 39; years. Bloomberg News reported a few little progress on the subject adhesive although both sides met in & # 39; January. Meanwhile, President Donald Trump said on Twitter Saturday reports stocking past the other week that the United States will ease tariffs on China were correct, even when he said that the talks were "going very well. "

Monday, 30 days of partial closure of the government issued in its 30th day, and there was little sign of reducing the blockade. The Democrats rejected the latest proposal & # 39; Trump temporarily extending protections for young immigrants brought to the country illegally in exchange for $ 5.7 billion for a border wall.

The closure caused an amount of & # 39; & # 39 by economic data; behind, with only a few reports & # 39; reports expected this week, including sales of existing homes, claims & # 39; weekly jobless and Markit manufacturing and services & # 39; the purchasing managers index of the service due later this week.

opinion: These three key economic indicators show that there is no recession

The gains also turned b & # 39; focus b & # 39; & # 39 week committed; ahead for investors. Johnson & Johnson

JNJ, + 1.24%

, IBM Corp.

IBM, + 1.33%

, Advanced Micro Devices Inc.

AMD, + 2.57%

and Ford Motor Co.

F, + 2.63%

Earnings from IBM: expected emerging technology represents half of sales as income decreases

And: Tech ready to respond to the concerns of Wall Street, but does not expect a holiday miracle

S & # 39; saying strategies?

"That expansion is still decent by any standard, with the economy growing by & # 39; 6.4% in the four & # 39; quarters, but reinforce the concerns & # 39; reduction led to a series of & # 39; measures by the Chinese authorities this month to try to manage the worst effects of & # 39; some strong economic weakness led to global investors, "said Michael Hewson, market leading UK analyst at CMC Markets, in & # 39; a note to clients. Hewson was referring to data growth of China.

As we negotiate other markets?

The markets saw positive session in Asia, although the data of China was reduced. The Composite Index of Shanghai

SHCOMP, + 0.56%

increased 0.5%. In Europe, the Europe Istoxx 600

SXXP, -0.32%

was off 0.2%.

Crude Oil

CLG9, + 0.22%

be facilitated, while gold

GCG9, -0.48%

into & # 39; 0.4% to $ 1277.60 an ounce and the US dollar

DXY, + 0.04%

unchanged.

Provides critical information to day business of the United States. Subscribe to newsletter Need & # 39; & # 39 properties with; nothing & # 39; MarketWatch. Enter here.


Source link