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Dow Jones showed his way to Wall Street



The arrows indicated the leading Wall Street indices in both directions on Thursday. Dow Jones and S & P 500 appreciated 0.85 and 0.23% respectively, while the Nasdaq Composite technology ended the day with 0.08%.

The development came at the beginning of the investors who processed the Jerome Powell report in Congress on Wednesday.

The Governor of the Central Bank uses the word "insecurity" countless times, both in connection with the war, the prospects for a global economy and inflation in the US, and so on.

Powell stressed that US companies' investments have increased significantly lately as a result of the above factors. If investments stop, it is almost certain that the economy will be sent into recession.

Thus, the central bank continued to confirm market expectations of a 25 basis point interest rate cut during the Federal Reserve's July meeting. At the same time, it may not be possible for the Interest Rate Commission to cut 50% in July, but this seems unlikely after a strong Labor Market report last week.

Key US consumer data has risen by 0.1% from May to June.

On an annual basis prices rose by 1.6%.

The consensus indicated according to our macro calendar that there was no change on a monthly basis and increased to 1.6% on an annual basis.

With the exception of food and energy (base inflation), prices rose by 0.3% from May to June and 2.1% compared to the same period of the previous year.

Here the expectations were 0.2 and respectively. 2.0%.

In addition, seasonally adjusted US Labor Department statistics showed that the number of applicants for the first time without work in the United States (unemployment claims) was 209,000 as of July 6, compared to the revised 222,000 weeks ago (initially: 221 000).

The consensus was according to our macro calendar of 223,000 unemployed applicants.

Dow Jones ended the day at 27,088.08 points, which is 0.85% more.

This was the first time the Dow Jones finished with over 27,000 points.

22 of the 30 stocks in the index rose.

The undisputed winner today was UnitedHealthcare which jumped 5.54%.

The health insurance company may be happy after the Trump administration has withdrawn a proposal to remove rebates for state funded medical programs.

According to CNBC, this should be a key component of the Trump administration's policy of lowering drug prices.

Health insurance companies have long negotiated their own prices with pharmacists and have created perverse incentives that have created high price lists. Medicines for people with poor or absent health insurance have reached artificially high prices for basic medicines.

CVS Health, which is no longer part of the Dow Jones, climbed all the 4.66% of the news.

Goldman Sachs was also among the winners and rose by 2.59%. The investment bank will hire a number of people in digital assets. The company will also explore the possibility of creating a separate digital currency.

In addition, investment banks are doing well with the Fed "due", as high ratings make it easier to obtain land transactions and asset values ​​are the same as interest rate cuts.

Boeing was also among the winners and rose by 1.92%.

3M they climbed 2.00%.

We're on the list of losers Merck, Pfizer and Johnson & Johnson respectively by 4.53, 2.43 and 0.79%. Pharmacists are on the other side of the table regarding the Trump administration's decision on rebates for state funded medical programs.

S & P 500 ended the day at 2.999.91 points, which is 0.23% more.

Today's big talk was the industrial company Fastenal,

The company, which is a distributor of industrial equipment such as screws, nuts, etc., has delivered weaker than already revised expectations as a result of customs duties introduced as part of the war.

"We have been able to raise prices as part of our strategy to stick to the tariffs imposed on products imported from China." These price increases were not enough to meet the overall inflation rate of industry, "Fastenal said in a statement.

The industry's earnings and comments report, valued at about $ 17 billion, should trigger an alert for investors, politicians and key players in monetary policy. The market views Fastenal's report as a substitute for what other industrial players are waiting for in the second quarter.

Fastenal's share dropped 2.85% on Wall Street.

Delta Air Lines reported data for the second quarter of 2019 on Thursday afternoon in Norway.

Earnings per share amounted to $ 2.35, compared to $ 2.28 per share. This is an increase of almost 35% compared to the same quarter of 2018.

Turnover reached 12.5 billion dollars, which was in line with analysts' expectations.

The airline, which itself owns Airbus aircraft, said during the presentation that they were taking advantage of the problems of their competitors with the 737 Max.

The year-to-year profit margin was moved to a range of $ 6.75 to $ 7.25 per share, compared to the previous $ 6 to $ 7 per share.

Warren Buffett is investing in the company that he believes to be the world's best airline.

The share is 1.13%.

Bank of America consumed 1.17%.

brod climbed 0.70%.

General Electric fell 0.69%.

Nasdaq Composite ended the day at 8,194.04 points, down 0.08%.

click rose 2.03 percent after America's Merrill Lynch raised the $ 12 to $ 17 snap share price target. However, the brokerage firm has chosen to keep its recommendation for the SoMe giant. Expectations of rising growth should be among the reasons for moving price targets, CNBC reported.

Amazon dropped 0.81% of the news that the company wants to train another 100,000 of its US workers by 2025. The Distributor wants to help employees get more advanced jobs and new career opportunities, often in the Amazon umbrella.

Cowen began to cover Microsoft with a buy recommendation and a $ 150 price tag. In this way, the brokerage firm sees up nearly nine percent of the world's most valuable company.

The share of the investments is 0.40%. Now the company costs about 1060 billion dollars.

AMD fell 2.16%.

NVIDIA had a good day and rose 3.89%.

Netflix fell 0.39%.

Facebook the market value had to decrease by 0.74%.

Alphabet (Google) climbed 0.33%.

See also: Bears and hurricane create tensions around oil prices

VIX, known as the fear index, declined by 0.84% ​​to 12.92 points.

Gold prices fell 0.25% to 1.409 dollars an ounce.

The three-month rate fell 3.1 bps to 2.153%.

The 2-year rose by 3.3 basis points to 1.865%.

10-year growth rose by 6.9 points to 2.131%.

Now 30-year-olds reach 2.653%, which is 7.5 basis points.


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