D&J and S&P 500 fell on the first trading day of August.
As a result of trading on Monday, August 2, the Dow Jones Industrial Average fell 0.28% to 34,838.16 points.
In addition, 24 of the 30 components in the index showed a decline in stocks.
The fall leaders were Visa, Dow, McDonald’s, and the growth leaders were Goldman Sachs, UnitedHealth Group, Nike.
The S&P 500 broad market index fell 0.18% to 4,387.16 points. Seven of the 11 sectors of the economy collapsed. The most significant drop by the raw materials sector, industry, energy, and the growth recorded in the utility sector, secondary necessities, and healthcare.
The NASDAQ tech index rose marginally by 0.057% to 14,681.07 points. Fifty-two components from NASDAQ 100 have grown. The growth leaders were Tesla, NetEase, Advanced Micro Devices, and the fall – Fiserv, Keurig Dr. Pepper, Moderna.
Concerns over the COVID-19 delta variant spread have sparked some caution on Wall Street as the 10-year Treasury yield fell to 1.173% from 1.239% on Friday. Bond yields and prices are moving in opposite directions, which has darkened the markets. In total, in the United States, the number of coronavirus cases since the beginning of the pandemic is 35 million people.
In July 2021, there was a jump in the number of issues: if on July 1, almost 4 thousand people, then by the end of the month, nearly 30 thousand to 122 thousand were sick per day. Corporate growth.
Federal Reserve Governor Christopher Waller told CNBC it needs to cut $ 120 billion in spending on asset purchases. assets. “I expect to be more confident in assessing the rate of progress when we have data for September when consumption, study, and work patterns should bounce back after the pandemic,” she said.
According to Mark Hackett, head of investment research at Nationwide, the reporting season is mostly over; the second-quarter GDP data has, the markets are entering a difficult period with few catalysts capable of stimulating growth.
The Stoxx Europe 600 rose 0.6% to a record high, while London’s FTSE 100 added 0.7%. The Shanghai Composite jumped 2% in Asia, while the Hang Seng rose 1.1% in Hong Kong. The Japanese Nikkei is up 1.8%.
As a reminder, at least 143 S&P 500 companies will publish Q2 2021 financials from August 2-6. For example, on Tuesday, August 3, conference calls to discuss financial results will begin by Eaton, BP, Under Armor, Lyft, Clorox, Amgen, Akamai Technologies, Cummins, Eli Lilly, Alibaba Group Holding, Nikola, EnPro Industries, Warner Music Group, Pitney Bowes, Tennant, Phillips 66, KKR, Gartner, Henry Schein, Dun & Bradstreet Holdings, ConocoPhillips and Jacobs Engineering Group
