Tuesday , January 26 2021

New York Stocks: Recent Loss Recovery | news



The Standard & Poor's 500 index rose 0.70 percent to 2,741.29 on Wednesday. The Nasdaq Composite Index of the tech-intensive Nasdaq rose 0.70 percent to 6878.95. The tech stock collapsed in early weeks due to weak demand for Apple's iPhone.

Inflation in the US rose again in October. Wednesday, US Department of Labor data showed consumer prices rose 2.5 percent from the same month last year. Analysts expected this on average. The reason for the gradual shift in interest rates to the Federal Reserve was the conclusion of Greek economists.

Towards the middle of this week, investors also looked across London across the Atlantic: the British government has decided to draft a controversial Brexit contract.

Among the individual stocks, the 3M Dow rose 0.6%. Large companies buy up to $ 10 billion of their own stock. Dow's top value is the stock of Nike, a sportswear maker, with nearly 2.5% positive.

The shares of Exxon Mobil and Chevron also rose by 1.6% and 0.4%, respectively. Oil prices have stabilized for a while since the recent sharp decline in oil prices.

However, the canopy growth rate declined by 7.7%. The weed company has increased its quarterly loss and has not met its revenue growth expectations.

Retailer Macy 's stock rose 0.4% after better – than – expected third – quarter sales. Goldman Sachs explained that the revenue outlook is colorless.

Kellog lost 1.3 percent. JP Morgan graded "Overweight" to "Neutral" and removed it from the "Focus List" and lowered the target price from $ 73 to $ 66. The recent investor case of the breakfast cereal producer is not disappointing, but I have lost my confidence. This is a rapid turnaround in a positive direction, analyst Ken Goldman said in a recent study.

(AWP)


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