Heavy profits reported that a quarter of the S & P500 and nearly half of the Dow Jones voters announced their results, and on Monday (28) the first announced earnings, gains and performance prospects were unsatisfactory, Nvidia was not expected (NVDA-US). remembered the car, announced the revision of the fourth quarter earnings forecast, downloaded the four major US stock market indices, chip stocks, technology stocks, inventories of industrial stocks, the VIX panic index was more than 13%.
On Monday (28th) Taipei, at 11:30 in the evening, the presentation of the four major stock indexes in the US:
- The US Dow Jones Index fell 305.58 points, or 1.24%, temporarily recording 24431.62 points.
- The S & P 500 index fell by 27.85 points, or 1.05%, to a temporary level of 2,636.91 points.
- The Nasdaq index dropped 92.07 points, or 1.29%, and will be temporarily reported at 7072.79 points.
- The Philadelphia Semiconductor Index dropped 20.53 points, or 1.60 %%, to stop 1 260.70 points.
CAT-US, the world's wind boom, announced on Monday (28th) that it reported its fourth quarter profit report as, due to the fall in sales on the Asian-Pacific market, profitability was lower than expected and adjusted earnings per share (EPS). At $ 2.55, this is below analyst expectations of $ 2.99.
Looking ahead, the prospects for heavy industry growth in the year 2019 are 11.75 to 12.75 dollars, which is also lower than analysts' expectations of $ 12.73.
Peter Cardillo, Chief Market Economist at Spartan Capital Securities, said: "Since the heavy industry is attributing China's bad earnings, investors are expecting more companies to do the same this week as well."
"So far, the revenue report is not totally unfavorable, but investors are clearly more concerned about what companies like heavy industry have said."
Nvidia's chip maker is loud, the company said growth in China's macroeconomic slowdown, gaming sales and data center platforms declined, the revised fourth-quarter earnings forecast, the previous estimate of $ 2.7 billion significantly revised to 2 , $ 2 billion.
Moreover, due to problems with chemical raw materials, the yield was affected, and TSMC announced the evening that the production process of Nanke Fab 14B wafers resulted in a drop in production due to the use of unqualified photoresist, leading to affected customers. In addition to MediaTek and Huawei, Nvidia is also involved.
Affected by the revised financial test and related bad news, Nvidia's shares (NVDA-US) declined by more than 15% on Monday and last week the chip stocks that marked the financial market changed immediately and the index of fees fell nearly 3%. TSMC ADR (TSM-US) fell by 1.34%, AMD (AMD) fell by 7%, Micron (MU-US) fell by 5%, Intel (US- (TXN-US) by 2%.