(reuters) – the new york stock exchange opened lower thursday, jpmorgan chase and citigroup’s quarterly results better than expected, however, was not sufficient to make the market, weakened by the increase in the dollar after better than expected economic indicators.
the dow jones industrial average, which was done before a new record is 28.94 points, or 0.13%, 22.843,95. the standard & poor’s 500 largest back up 0.19% and the nasdaq composite is to 2.550,32 0.11 to 6.596,26.
the results of jpmorgan chase & co., citigroup was the main expectations of the meeting from the point of view of the news business.
jpmorgan, the first american bank in terms of assets is 0.40%, analysts have focused on its quarterly decline in brokerage business in the financial markets, but the earnings per share higher than the expectations of wall street.
citigroup fell by 0.31%, despite a quarterly profit increase of 7.6%, with a higher value of transfer, a reduction of costs and revenues of the “better than expected.
“after a long series of consecutive record, profits or a part of the results, as in the case of jpmorgan’s bond trading slightly disappointing, become an excuse to sell,” said scott clemons, head of investment strategy at brown brothers harriman.
the rest of the values noted the decline of more than 3% of at & t, who lead the telecommunications sector (- 2%). the group stated that the hurricanes in the united states and the earthquakes in mexico had been its third quarter results.
better than expected data
on the side of the macro-economy, the labor department announced that the weekly unemployment registration at 243000, fell to a low of more than a month, continuing its decline after boosted by hurricane harvey, and irma.
producer prices, supported by the largest increase in two years, from the essence, rose 0.4 percent in september because of the disruption caused by the hurricane harvey in the production of refineries in texas.
the annual rate of increase was 2.6%, slightly more than expected.
these data contribute to the rise in the dollar, which had hit a low of two weeks to a basket of currencies). the euro – dollar 11836 of 0.18%.
the dollar has been on the publication of the minutes of the last meeting of the federal reserve, which suggests that the fed has discussed at length for the inflation outlook and the rates on the assumption that the price increase will accelerate.
in europe, the market shares are tilted to the downside. the stoxx 600 – 0.02% and the cac 40 in paris of 0.11%.
in the oil market, oil prices fell more than 1%.
(laetitia. edited by)
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Translated by forexguides.info Team