by caroline valetkevitch
new york (reuters) – wall street ended slightly lower on thursday, weighed down by the banking industry and the telecom operator at & t, which resulted in the values of the following media reports of a decline in its video subscribers in the third quarter.
the dow jones industrial average gave points to 22.841,01 31.88, having reached a new high in absolute 22.884,82 points.
the s & p 500 lost), more points, or 0.17%, and the nasdaq composite 2.550,93 12.04 (0.18%) 6.591,51 while reaching new heights in this 2.555,33 and 6.613,50, respectively.
the first major banks to publish their accounts in the third quarter, jpmorgan chase and citigroup have done and decrease of 0.88% and 3.43%, respectively.
the two schools, which sought to reduce the expectations for the third quarter results in better than consensus, but the loss of income from trading down.
in their wake, bank of america, wells fargo, which are, in turn, on friday were 1.47% and 0.81%, respectively. the s & p 500 index financial fell 0.72%.
“a good quarter for the first to be published, but not the answer. the risk is the same as that in the second quarter, namely, that the valuations are perfect, “says brian reilly, an analyst for cibc” trust. ” however, the strength of the global economy has been further strengthened, and the weakening of the dollar, augurs well for the results for the third quarter.
with the increase of 14% in the s & p 500, at this stage of the year, investors are waiting for the results they have higher valuations. however, the profits of s & p 500 are provided for an overall increase of 4.4 per cent in the third quarter, according to thomson reuters calculations, which would slow down after two quarters of double-digit growth.
“it is perhaps a little too accustomed to the good results of the first and second quarters, and we should not forget that last year the recovery began in the third quarter, although that may be less favourable. this time,” warns john carey, manager for pioneer investment management in boston.
at & t dropped cÂblo – operators
the largest decline was in the telecommunications sector (3.54%), sealed by at & t, which has fallen by 10% after being warned that its third quarter results may be impacted by the loss of customers and new video. in the united states at the end of the summer.
the loss of customers of at & t’s impact on the media sector, already shaken by the threat of president donald trump to cancel licences television guilty according to spreading “fake news”.
a note of concern for loss of subscribers are disney, viacom was also affected and cable operators. disney, sharp drop in the dow jones, and viacom transferred 1.64%, 2.54%, with dish network (5.07%), comcast (3.92%) and, to a lesser extent altice usa (2.75%).
the index of non essential consumer goods sold to 0.66%.
six of the 11 major sectoral indices, s & p, however, over increasing in real estate (+ 3.6%), industry (+ 0.52%), and service to the community (50%).
caterpillar, 1.08% increase, has the best performance of the dow jones industrial average (+ 0.92) to microsoft and united technologies (0.91).
(sruthi shankar in bangalore.
copyright & copy;, thomson reuters
Translated by forexguides.info Team