New York stock exchanges fell slightly on Monday after oil prices again started to fall.
“We thought it might be a relief rally, but oil prices fell sharply, markets followed suit. The investors show a reduced risk appetite, “said Nandini Ramakrishnan, global market strategist at JP Morgan, Dow Jones Newswires.
Large cap index Dow Jones Industrial Average was at 16:29 down 0.4 percent to 16,037. The broader index S & amp; P 500 was down 0.5 percent to 1,898, while the technology-heavy Nasdaq Composite was down 0.2 percent to 4581.
The ten-year rate was 1 basis point lower at 2.04 percent while trettioårsräntan was 1 point lower at 2.81 percent.
Tyco and Johnson Controls merged to form Johnson Controls. The new company, Johnson Controls which 56 percent will be owned by Johnson’s shareholders, retains Tyco Irish and fiscally favorable legal domicile. It is expected to save $ 150,000,000 per year in tax expenses. Tyco rose 5.6 percent, while Johnson dropped 3.0 percent.
Kimberly-Clark, manufacturer of paper-based consumer products, reported earnings in line with expectations, but predicted a result for 2016 that was below market expectations. The share was down 3.7 percent.
Halliburton rose 0.1 percent despite write-downs and redundancy costs burdened the oil service company’s results in the fourth quarter. The adjusted result was in fact better than expected.
McDonald’s rose 1.9 percent after having reported better earnings and revenue than expected in the fourth quarter. The company’s decision to serve breakfast all day is reported to have attracted people to the company’s restaurants.
Twitter dropped 4.0 percent after having lost four top executives. Stifel Nicolaus cut its recommendation to keep the grounds that it could not be good to lose the top managers in the midst of a turnaround.
The insurance company AIG is said to be planning to record their mortgage insurance business by selling shares to the public. The share was down 0.9 percent.
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