Yesterday on Wall Street

Posted 19 July, 2022

It was the tech sector that slipped into the red first in mid-session after reports from Bloomberg that Apple (-2.06% to 147.07) is planning to slow hiring and investment to cope. to a deceleration in the economy. Alphabet /Google lost 2.46% to 109.03 and  Microsoft  0.96% to 254.25.

The NAHB real estate market index plunged in July (55 against a consensus of 66 after 67 in June).

Bank of America (+0.3% to 32.26) posted a quarterly profit above analysts' expectations, the good performance of consumer spending and the strong demand for loans having limited the decline in activity of its bank of investment.

Goldman Sachs rose 2.51% to 301.26 after reporting a smaller-than-expected decline in second-quarter profit.

Companies in the mining sector were also sought after Beijing announced support for the Chinese economy. Freeport-MCMoran gained 6.2% to 27.42 and Rio Tinto +2.22% to 56.64.

According to Reuters, Boeing (-0.21% to 147.72) is expected to win this week at the Farnborough Airshow a contract from Delta (+3.49% to 31.14) on 100 MAX 10 jets with an estimated value of $13.5 billion and conclude an agreement with Lufthansa for around ten cargo planes.

Elon Musk filed a motion opposing Twitter's request for an expedited trial (+1.75% to 38.4) believing that the court had to reject the social network's "unjustifiable request".

Starbucks (+0.77% to 80.23) has denied it wants to sell its UK business, a spokesperson for the group said on Saturday after The Times earlier reported that the coffeehouse chain was exploring a potential sale.

Abbott Laboratories (-1.65% to 107.02) expects the commercialization in the coming weeks of its EleCare baby powder produced at its Sturgis factory, which recently reopened after being at the center of the shortage of infant formula in the United States. United.

Coinbase (+9.07% to 58.67), specializing in crypto assets, has obtained the green light from the Italian authorities to continue to offer its services in Italy.

The  Dow Jones  thus lost 0.69% to 31,072.61 points, the  Nasdaq Composite  0.81% to 11,360.05 points and the  S&P 500  0.84% ​​to 3,830.85 points.

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19 July, 2022 09:59

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The Central Bank of the Netherlands fined Binance €3.3 million

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