Trading Review: Ongoing Reports, Trends, Indices, Stocks, Bonds, Forex and Commodities and Analyst Recommendations
Trading on the New York Stock Exchange closed lower: the Dow Jones Industrial Average was down 0.8%, the Nasdaq was down 0.4% and the S&P 500 was down 0.6%.
Following the introduction of the iPhone 13, Apple stock ended the day down 0.8%, a trend similar to the stock’s behavior at announcement events in previous years.
Prominent among the Israelis were Redhill, which collapsed 33% after the trial failed in Corona patients, and Siren, which jumped 23% after a new distribution contract. REE fell 8.7%, Teva lost 2.4%. Iron Source jumped 5.7% and Riskipade rose 5.4%.
The Brent oil contract for December delivery was up 0.1 percent, 9 cents, and closed at $ 73.6 a barrel.
The declines in New York are strengthening: the Dow is down 1%, the NASDAQ is down 0.5% and the S&P 500 is down 0.7%.
WTI oil is stable at $ 70.46 a barrel.
Investors are not responding enthusiastically to Apple’s announcements and the stock is down 1.4%.
Again over 1,800: A gold contract for December delivery rose 0.7 percent, to $ 12.7, and closed at $ 1,807.1 an ounce.
Minutes before the event where Apple is expected to announce new iPhones, the stock is down 0.4%.
Shares of the Israeli software company Siren Increases by 49% following a new distribution agreement.
European stock exchanges ended the trading day with a mixed trend. In Frankfurt, the DAX was up 0.1%, in London the Potsey 100 was down 0.5% and in Paris Cuck 40 it was down 0.4%. The Amsterdam 25 index rose by 0.8%, the Madrid 35 index fell by 0.4% while the Milan 40 index strengthened by 0.4%. The pan.European Stokes 600 index closed almost unchanged, the mining sector fell by 1.9% and the technology sector rose by 1.2%.
Sharp declines in gambling stocks due to increased oversight in Macau. Las Vegas Sands falls 13%, Wayne Resorts 12% and MG. If you lose 5%.
At the top of the Dow, Microsoft is up 1.1%, Coca.Cola is up 0.2% and Johnson & Johnson and Apple are up 0.1%.
A change in the trend on Wall Street: the Dow is down 0.3%, NASDAQ is trading close to the opening level from the negative side and the S&P 500 is down 0.2%.
New York Stock Exchange Day opened with gains. The Nasdaq is up 0.5%, the Dow Jones is up 0.2% and the S&P 500 is up 0.3%.
The 10.year US government bond yield weakens slightly to 1.3%. The dollar weakened 0.3% against the currency basket and 0.1% against the Japanese yen to 109.8 yen per dollar. The pound strengthened 0.5% to $ 1.39 per pound and the euro advanced 0.2% to $ 1.18 per euro. WTI crude is up 0.8% at $ 71 a barrel and Brent crude is up 0.9% at $ 74.1 a barrel. Gold is up 0.3% and is trading at around $ 1,799 an ounce.
Redhill drops 32% prematurely, following a trial failure in corona patients in critical condition.
Futures are up, contracts on the Nasdaq have moved down 0.1% to 0.3%, and contracts on the Dow Jones and S&P 500s have risen from 0.3% to 0.4%.
Macro USA: The price index rose in August by 0.3% compared to July and by 5.3% at an annual rate, compared to forecasts for an increase of 5.4%, and 0.4% compared to July.
After deducting volatile food and energy prices, the index rose by 0.1% and at an annual rate of 4%, compared with forecasts of 0.3% and 4.2%, respectively.
Futures on the leading New York indices anticipate a mixed opening. The contracts for the Nasdaq index weaken by 0.1% and the contracts for the Dow Jones and S&P 500 indices strengthen by 0.3%.
European stock exchanges are still operating in a mixed trend, with gains in Frankfurt, Amsterdam, Madrid, Milan and Vienna. In London and Paris the indices are losing some height.
In the pre.trading on Wall Street there are nice gains forRadware (That yesterday it was reported that contacts between it and the Syris Capital fund for purchase). On the other hand, Intercure Weakened 3% in early trading
Trading on the China and Hong Kong stock exchanges closed down, with the Shenzhen index down 0.5% and the Hang Seng down 1.5%.
In Europe, there is a mixed trend in trading, although the gains recorded in some stock exchanges have moderated. The Dax index is trading stably with very slight upward fluctuations, in Stockholm the gains from this morning have been erased and now the index is down 0.2%.
Even on Wall Street futures trading the trend is negative, with the Dow Jones and Nasdaq recording slight declines while the contract on the S&P 500 is trading steadily with a tendency to rise.
Trading on the European stock exchanges opened in a mixed trend, with the DAX index rising close to 0.2% and similar gains also recorded in Amsterdam, Milan and Stockholm.
The British Potsy Index is down 0.2%, despite positive data being released this morning regarding a change in the number of job seekers in August. As can be seen, the unemployment situation has improved and the number of jobseekers has fallen by more than 58,000.
In Japan, trading in the Nikkei closed 0.7% higher, while China and Hong Kong saw gains. The Shanghai and Hang Seng indices shed 1.4% each and the Shenzhen Stock Exchange fell 0.6%.
In the oil market, there are increases of about 0.5% in both types of crude oil. WTI oil trades for $ 70.8 a barrel, and Brent crude for $ 73.9.
Asian stock markets are trading today in a mixed trend and in trading on US stock market indices there are slight gains.
In the commodity trading arena, a November contract for Brent oil rose slightly to $ 74 a barrel, and a contract for an ounce of gold traded steadily around $ 1,794.
In the crypto market, Bitcoin is up 1% to $ 45,200, and Etherium is up 1.1% to $ 3,280.
On Wall Street, the first trading day of the week ended last night in a mixed trend, with the indices climbing towards the end of trading. In the end, the Dow Jones closed up 0.7%, the S&P 500 – which traded between ups and downs throughout the day – closed up 0.2%, while the Nasdaq shed 0.1%.
In his weekly review, Oppenheimer’s technical strategist, Ari Wald, reiterates his recommendation on growth channels, which are preferred over traditional value channels. Wald notes that the Nasdaq index is a benchmark for growth channels that consistently outperforms the Dow Jones index, and overperformance is not limited to technology giant stocks.
Ari Wald refers to the breakout of the Nasdaq 100 compared to the traditional Dow index, which reflects investors’ preference for growth channels, a phenomenon that he expects to continue in the near future. New and constitutes the preferred investment idea among the leading benchmark indices.