Wall Street Gone Flat in Afternoon Trade
Wall Street Gone Flat in Afternoon Trade. The stock exchanges in New York showed little movement halfway through the trade. The geopolitical tensions seem to have diminished a little further now that North Korea has promised to stop testing nuclear weapons.
Also, the US Treasury Secretary Steven Mnuchin showed a willingness to alleviate certain sanctions. Investors further processed results from a few large companies, some macroeconomic publications and higher yields on government bonds.
The Dow-Jones index stood at 24,462 points. The broader composite S & P 500 gained 0.1 percent, reaching 2671 points. Technology fair Nasdaq delivered 0.1 percent in 7141 points.
Toy maker Hasbro turned a loss of about 4.5 percent into a plus of 3.3 percent. The company was struggling with setbacks at home and abroad, as a result of which it wrote red numbers. In the US, it lost a large customer in Toys ‘R’ Us, which went bankrupt.
Oil service provider Halliburton completely reduced its investments in Venezuela, but still made a profit by increasing demand for its services in its own country. Sales increased by a third. The share fell 0.9 percent.
The profit of Kimberly-Clark (minus 1.6 percent) was severely impacted by the costs of a reorganization. Raw material prices also went up. The maker of personal care products achieved a higher turnover. We also looked forward to the figures of the large tech companies. Google parent company Alphabet (plus 0.6) comes to post with figures, Twitter, Amazon, Intel, and Microsoft later in the week.