Stocks Fail To Hold Early Gains; Dow Settles Higher, S&P And Nasdaq Close Weak
25 Julho 2024 - 5:39PM
IH Market News
U.S. stocks saw some heavy selling in the final hour of the
session on Thursday as the mood turned a bit cautious amid concerns
about mega-cap firms’ earnings.
Among the major averages, the Dow managed to settle higher,
gaining 81.20 points or 0.20 percent at 39,935.07, a long way down
from the day’s high of 40,438.82. The S&P 500 (SPI:SP500) ,
which advanced to 5,491.59, ended nearly 100 points down from that
level, at 5,399.22, losing 27.91 points or 0.51 percent.
The Nasdaq ended with a loss of 160.69 points or 0.93 percent at
17,181.72, coming off a high of 17,544.46.
Stocks gained in strength earlier in the session thanks to data
showing a sharper than expected acceleration in U.S. economic
growth in the second quarter.
A report released by the Commerce Department showed real gross
domestic product in the U.S. surged by 2.8% in the second quarter
after jumping by 1.4% in the first quarter. Economists had expected
GDP to increase by 2%.
The Commerce Department said the GDP growth primarily reflected
increases in consumer spending, private inventory investment, and
nonresidential fixed investment.
Compared to the first quarter, the acceleration in real GDP in
the second quarter primarily reflected an upturn in private
inventory investment and an acceleration in consumer spending, the
Commerce Department said.
On the inflation front, the report said the personal consumption
expenditures price index increased 2.6% in the second quarter
compared with an increase of 3.4% in the first quarter.
Excluding food and energy prices, the PCE price index increased
2.9% in the second quarter compared with an increase of 3.7% in the
first quarter.
A separate data from the Commerce Department said durable goods
orders plunged by 6.6% in June after inching up 0.1% in May.
Economists had expected durable goods orders to rise by 0.3%.
A report from the Labor Department showed initial jobless claims
fell to 235,000 in the week ended July 20th, a decrease of 10,000
from the previous week’s revised level of 245,000. Economists had
expected jobless claims to dip to 238,000 from the 243,000
originally reported for the previous week.
Among the major losers in the session, Microsoft Corporation,
Nvidia Corporation, Alphabet, Meta Platforms, Advanced Micro
Devices, Intel Corporation, Micron Technology and Analog Devices
ended down 1.4 to 4 percent.
Eli Lilly (NYSE:LLY) and Company ended down 4.5 percent.
Honeywell International dropped 5.2 percent, Abbott Laboratories,
Texas Instruments and Qualcomm Inc. also ended notably lower.
Tesla (NASDAQ:TSLA), Exxon Mobil Corporation, Johnson &
Johnson, Home Depot, Abbvie Inc., Chevron Corporation,
Salesforce.Inc., Thermo Fisher Scientific, Danaher Corporation, GE
Aerospace, Blackstone, Philip Morris International, Caterpillar,
Morgan Stanley, Goldman Sachs, Citigroup, Bank of America, Boeing
Company and ADP ended with strong gains.
IBM (NYSE:IBM) rallied 4.3 percent. The company’s bottom line
totaled $1.83 billion, or $1.96 per share in the second quarter,
compared with $1.58 billion, or $1.72 per share, in last year’s
second quarter.
In overseas trading, Asian stocks plunged on Thursday as a
disappointing start of the mega-cap U.S. earnings season prompted
investors to pull back on the artificial-intelligence frenzy.
A surprise rate cut in China also offered a reality check
regarding the challenges facing the world’s second-largest
economy.
European stocks closed lower on Thursday, weighed down by losses
in technology sector following a sell-off in U.S. heavyweight
stocks a day earlier due to disappointing quarterly earnings.
Concerns over Chinese demand and weak German business sentiment
data weighed as well on markets.
In commodities, gold futures for July ended down $61.40 or about
2.54 percent at $2,351.90 an ounce. West Texas Intermediate Crude
oil futures for September ended up by $0.69 at $78.28 a barrel.
SOURCE: RTTNEWS
Tesla (NASDAQ:TSLA)
Gráfico Histórico do Ativo
De Ago 2024 até Set 2024
Tesla (NASDAQ:TSLA)
Gráfico Histórico do Ativo
De Set 2023 até Set 2024