The US stock market fluctuated erratically in the past week, amid markets dominated by the season of corporate earnings report in the first quarter of 2019, as well as important economic data and talks. US-China trade judge.
Wall Street kicked off a week of unfavorable trading sessions on April 15, when analysts said the profits of US banks would generally fall compared to the same period last year, while investors would Translation is better than before entering Easter holidays.
However, the green color returned to the US stock market in the next trading session, thanks to positive signals from Germany and the UK economy. The German ZEW Institute on April 16 announced that Germany’s business confidence index increased for the first time in more than a year - the period of psychology of investors being "terrorized" by a series of threats from Brexit. , trade wars and weakening in emerging markets.
Meanwhile, the UK economy received good information when the rate of employed workers reached a record level in the three months to the end of February 2019.
The three main indexes of the US stock market turned down again in the trading session on April 17, due to the decline of medical and pharmaceutical stocks, amid concerns about insurance plans. Health for people called "Medicare for All" proposed by US Democratic Party Senator Bernie Sanders could have a negative impact on profits, worse than "wiping out" the private insurance sector.
However, the Wall Street market has recovered and regained momentum in this weekend’s session, before the market closed on Friday (April 19) - a holiday that took place on Friday before Easter. Born. A series of positive reports on corporate earnings in the first quarter of 2019 in the US and optimistic data on US retail sales in March supported the market in this session.
Closing the short-term trading week, the Dow Jones industrial index and the Nasdaq Composite technology index rose 0.56% and 0.17%, respectively. However, the S&P 500 index decreased slightly by 0.08%. According to FactSet data, among S&P 500 companies announced the first quarter of 2019 earnings report, more than 78% exceeded analysts’ forecasts.
Meanwhile, the latest positive signal about the US job market is that the country’s first application for unemployment benefits in the week ended April 13, stood at 192,000, down 5,000 from the previous week. That and lower than the forecast of economists participating in MarketWatch’s survey is 204,000 applications
