Wall Street opens slightly lower


Stock exchanges in New York started the day with small minuses. Investors again processed a series of business results from big names such as Intel, Amazon, Ford, ExxonMobil and Starbucks. A better-than-expected growth estimate for the US economy also supported sentiment.

After a few minutes of trading, the Dow-Jones index recorded a loss of 0.1 percent at 26,437 points. The broad S&P 500 fell 0.1 percent to 2924 points and the tech fair Nasdaq fell 0.3 percent to 8095 points.

Chip giant Intel lost 8 percent after weak prospects for the second quarter and the rest of the year. Ford also received a negative interest. The automaker announced that the US judiciary is investigating the company for tampering with emissions. Ford also came with figures that were better than expected. The share increased 8 percent.

Amazon web store achieved a record profit and increased 1 percent. Coffee chain Starbucks (minus 1.6 percent) raised its profit expectations for the whole of this year.

Oil and gas companies ExxonMobil and Chevron also opened the books. ExxonMobil lost 2.4 percent, Chevron fell 0.4 percent.

By: Oliver I. Kjeldsen

Oliver I. Kjeldsen has a corporate finance and extensive expertise in company audit. He grants us amazing insights on taxation, international affairs and friendly advice on nearly any topic of interest. His email is oliver.kjeldsen@economicinform.com

Add comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Recent Posts


About us

EconomicInform, EconomicInform.com is a product of EconomicInform LLC. We sincerely believe that economics is one of the most interesting and most underappreciated – in terms of getting some enjoyment out of reading the subject articles – sciences. More on that - at the link. Feel free to drop us a line.