Saturday , April 17 2021

The fall is deep in Wall Street – the oil and technology at the bottom



Wide fall at the New York Stock Exchange held on Friday. S & P 500 S & P 500 closed 0.9 percent, while Dow Jones signed 0.8 percent. Nasdaq 100 dropped by 1.7 percent.

In the evening, oil prices continued to fall, with Brent's spot price below $ 70 per barrel and WTI by 1.4 percent to just over $ 59.9 per barrel. US sales price has been backed for ten consecutive years, the longest decline since at least 1983 in the British Financial Times.

He gave the impression in the energy sector where oil company Baker Hughes supported 4.6 percent, while Schlumberger's sector counterpart was 2 percent. As in Europe earlier, other commodities were also weak, including Freeport-Mcmoran mining div, which fell by 4.7 percent.

Several power companies were found at the bottom of the S & P 500 after a California fire caused a large power cuts. Pacific Gas & Electric declined by 16.6 percent, and Edison International's sector representative supported 12 percent.

GE ended the day down by 5.6 percent after JP Morgan lowered the price of $ 10 to $ 6 in a negative analysis.

Printing has also come of a major decline in the technology sector, although slight decreases were slightly alleviated during the last trading hour. Apple and Amazon traded 1.9 percent and 2.4 percent respectively. Netflix dropped even more, less than 4.6 percent. Alphabet dropped 1.4 percent, while Facebook dropped 1.8 percent.

On the hardware side, Nvidia was less successful with a drop of 0.2 percent, but Qualcomm's partner continued to drop and trade 2.3 percent. Skyworks Solutions semiconductor company fell by 8.1 percent to a weak quarterly report.

Activision Blizzard player the case continued after a weak interim report that was presented after Thursday's closure. Shares were closed by 12.4 percent.


Source link