Connect with us

Commodities

U.S. stock market closed with a decline. Dow Jones down 0.43%

Published

on

The U.S. stock market ended Friday’s trading with a drop amid negative dynamics in the telecommunications, technology, and raw materials sectors. At the close of trading on the New York Stock Exchange, the Dow Jones fell 0.43%; the S&P 500 index declined 0.93%; and the NASDAQ Composite dropped 1.87%.

The top gainers among Dow Jones index components in today’s trading were shares of American Express Company (NYSE:AXP), which gained 2.83p (1.88%) to close at 153.01. Procter & Gamble Company (NYSE:PG) gained 2.25p (1.60%) to close at 143.02. International Business Machines (NYSE:IBM) gained 1.10p (0.87%) to close at 128.25.

Verizon Communications Inc (NYSE:VZ) shares were the fallen, down 3.21p (6.74%), ending the session at 44.45. Shares of Intel Corporation (NASDAQ:INTC) rose 1.41p (3.47%) to close at 39.20, while Nike Inc (NYSE:NKE) dropped 2.50p (2.24%) to close trading at 109.12.

The top gainers among the S&P 500 index components in today’s trading were shares of HCA Holdings Inc (NYSE:HCA), which gained 11.43% to 202.03; Schlumberger NV (NYSE:SLB), which gained 4.28% to close at 35.07; and shares of PPG Industries Inc (NYSE:PPG), which gained 3.89% to close the session at 127.73.

SVB Financial Group (NASDAQ:SIVB) shares were the fallers, dropping 17.15% to close at 361.36. Shares of Seagate Technology PLC (NASDAQ:STX) lost 8.11% to close the session at 76.83. Meta Platforms Inc (NASDAQ:META) was down 7.59% to 169.27.

The top gainers among the components of the NASDAQ Composite index in today’s trading were Pagaya (NASDAQ:PGY) which gained 118.88% to 11.71. Kidpik Corp (NASDAQ:PIK) which gained 67.57% to close at 2.48; and Yoshitsu Co Ltd ADR (NASDAQ:TKLF) which gained 48.39% to close the session at 2.30.

Leading the decline were shares of VistaGen Therapeutics Inc (NASDAQ:VTGN), which declined 85.99% to close at 0.15. Shares of Meihua International Medical Technologies Co Ltd (NASDAQ:MHUA) lost 40.55% to end the session at 2.88. Kiora Pharmaceuticals Inc (NASDAQ:KPRX) was down 39.76% to 0.15.

On the NYSE, 1,963 stocks fell more than 1,172 that ended in the black, while 147 remained almost unchanged. On NASDAQ, 2,754 stocks were down, 999 were up, and 217 remained flat.

SVB Financial Group (NASDAQ:SIVB) stock traded down to a 52-week low, down 17.15% at 74.81p and closing at 361.36. Verizon Communications Inc (NYSE:VZ) shares fell to a 3-year low, down 6.74%, 3.21p, and ended trading at 44.45. 

Pagaya (NASDAQ:PGY) shares rose to an all-time high, up 118.88%, 6.36p, and ended trading at 11.71. VistaGen Therapeutics Inc (NASDAQ:VTGN) shares fell to an all-time low, down 85.99%, 0.92p, and ended trading at 0.15. Shares of Meihua International Medical Technologies Co Ltd (NASDAQ:MHUA) fell to an all-time low, down 40.55%, 1.97p, and ended trading at 2.88. Kiora Pharmaceuticals Inc (NASDAQ:KPRX) stock prices fell to an all-time low, down 39.76%, 0.10p, and ended trading at 0.15.

The CBOE Volatility Index, which is based on S&P 500 options trading, fell 0.35% to 23.03, hitting a new 3-month low.

Gold futures for August delivery added 0.53%, or 9.15, to $1.00 per troy ounce. In other commodities, September WTIcrude oil futures traded down 1.71%, or 1.65, to $94.70 a barrel. Futures on Brent crude oil for September delivery fell by 0.58%, or 0.60, to $103.26 per barrel.

Meanwhile, on the Forex market, EUR/USD remained unchanged 0.18% to 1.02, while USD/JPY dropped 0.95% to 136.07.

The USD index futures were down 0.33% to 106.46. 


Commodities

Experts named the main reasons for increase in gas prices in the European Union

Published

on

reasons for increase in gas prices

Problems with the restoration of full operation of the Nord Stream pipeline continue to put pressure on gas futures prices in Europe, and this factor remains the key reason for the increase in gas prices.

Exchange gas prices in Europe began last week near $2,100 per thousand cubic meters and rose gradually. This week, the growth accelerated: Monday prices were over $2,400 per thousand cubic meters for the first time since early March, and at the opening of trading on Tuesday they were over the $2,600 mark.

Why do gas prices keep going up? 

Why do gas prices keep going up? Last week, gas prices in the EU started going up again. It was caused by Gazprom’s statement that anti-Russian sanctions hamper resolution of the situation with transportation and repair of Siemens engines for the Nord Stream pipeline.

The analysts also singled out additional price growth factors. Intensification of upward gas price dynamics might have been provoked by a stoppage of annual preventive maintenance of some capacities of Norwegian gas field Troll and gas treatment unit Kollsnes from August 13 to the end of the month. This led to a fall in production capacity of 20 million cubic meters of gas during this period.

It is worth noting the atypically high temperatures in Europe, which lead, on the one hand, to a rise in demand for electricity, for air conditioning, and, on the other hand, to a reduction in hydropower generation amid droughts in some regions, notably in France.

Moreover, according to the association WindEurope, wind generation in the European Union remains below the norm, which is usually 11-20% in summer. On August 15, the share of wind power generation was 9.5% of the total. This factor could also increase demand for gas.

We previously reported that Oil prices fell again at the start of Monday’s trading

Continue Reading

Commodities

Natural gas prices in Europe exceed $2,600

Published

on

Natural gas price

Natural gas prices on the London Stock Exchange ICE record rose to more than $2,600 per thousand cubic meters for the first time since early March, according to the site.

At the time of publication, the September futures on the Dutch TTF hub were worth 250.395 euros per kilowatt-hour, or $2,693.17 per thousand cubic meters.

The sharp rise in the cost of gas in Europe on the exchanges is because there is a full shortage of this: gas, supplies from Russia have been reduced, LNG is expensive on the international market and it can not fully replace the supply of Russian gas, expensive petroleum products and coal.

The increase over the last 24 hours was 13.75 percent. The rise in gas prices is due to the abnormal drought in Europe and the interruption of Russian fuel supplies. The latter are now running at 20 percent of standard capacity.

We previously reported that Saudi Aramco sees no strong impact on its position in Asia.

Continue Reading

Commodities

Oil is getting cheaper — What’s going on in the commodities market?

Published

on

oil is getting cheaper

Oil is getting cheaper. Oil quotes are falling Tuesday night due to concerns about slowing global economic growth and weakening demand for fuel.

It became known the day before that growth in retail sales and industrial production in China in July was weaker than analysts’ forecasts.

Retail sales rose by 2.7% year-on-year instead of the expected 5% growth. China’s industrial production growth slowed to 3.8% last month from 3.9% in June, while analysts’ consensus forecast was 4.6%.

Is oil getting cheaper? Why It’s Getting Cheaper

To support China’s economy, the People’s Bank of China injected 400 billion yuan (nearly $60 billion) into the financial system as part of its medium-term lending (MLF) program and also cut the rate on one-year MLF loans by 10 basis points, to 2.75% per year.

“This unexpected decision gave the impression that the central bank was concerned about the scale of the weakening economy,” wrote Commerzbank (ETR:CBKG) analyst Carsten Fritsch. — In our view, problems in the real estate sector, combined with a zero-tolerance coronavirus strategy, are likely to continue to weigh on the economy in the short to medium term, meaning it will be a persistent negative factor for oil prices.”

October Brent futures on the ICE Futures Exchange in London had fallen $1.10 (1.16%) to $94.00 per barrel by 5:56pm Moscow time.

At the same time, quotations for WTI futures for September at NYMEX decreased by $0.98 (1.10%) — to $88.43 per barrel.

We previously reported that oil prices have stepped up their fall.

Continue Reading

News

us dollar rate today us dollar rate today
Forex16 hours ago

The US dollar rate today is stable against the euro, rising against the yen

The US dollar rate today is stable against the euro, rising against the yen and weakly rising against the pound....

Eurozone gdp growth 2022 Eurozone gdp growth 2022
Forex16 hours ago

Is the EU economy growing? Quarterly GDP growth estimate for the eurozone worsened to 0.6%

Is the EU economy growing? Quarterly estimate of eurozone GDP growth worsened to 0.6%Eurozone GDP growth quarterly estimate worsened to...

Rough gas storage facility UK Rough gas storage facility UK
Economy16 hours ago

Rough gas storage facility UK to be mothballed

Rough gas storage facility UK, which was mothballed in 2017 due to safety concerns, will resume operations due to the...

decline in the US economy begins to slow decline in the US economy begins to slow
Economy16 hours ago

Will the decline in the US economy begin to slow? The economy is falling for the second quarter in a row. What does it mean?

Will the decline in the US economy begin to slow? Compared to the first quarter of 2022, U.S. GDP has...

reasons for increase in gas prices reasons for increase in gas prices
Commodities1 day ago

Experts named the main reasons for increase in gas prices in the European Union

Problems with the restoration of full operation of the Nord Stream pipeline continue to put pressure on gas futures prices...

Natural gas price Natural gas price
Commodities1 day ago

Natural gas prices in Europe exceed $2,600

Natural gas prices on the London Stock Exchange ICE record rose to more than $2,600 per thousand cubic meters for...

oil is getting cheaper oil is getting cheaper
Commodities1 day ago

Oil is getting cheaper — What’s going on in the commodities market?

Oil is getting cheaper. Oil quotes are falling Tuesday night due to concerns about slowing global economic growth and weakening...

tornado cash sanctions tornado cash sanctions
Cryptocurrency2 days ago

Sanctions against Tornado Cash boosted TORN token trading volumes

Tornado cash (TORN) token trading volumes jumped sixfold amid the announcement of sanctions against the mixer. This was pointed out...

eqonex news eqonex news
Cryptocurrency2 days ago

Eqonex news: High competition buried public crypto exchange Eqonex

Eqonex news: public U.S. crypto exchange Eqonex (EQOS) will close its services to customers on August 22 due to high...

bitcoin plummets as miners sell inventory bitcoin plummets as miners sell inventory
Cryptocurrency2 days ago

Bitcoin plummets as miners sell inventory? Miners continue to sell bitcoin, albeit in smaller volumes 

Despite lower market volatility, miners are still dumping bitcoin. Because of this, bitcoin also plummets as miners sell inventory. This...

crude oil price forecast 2022 crude oil price forecast 2022
Forex2 days ago

Crude oil price forecast 2022: WTI in free fall amid global turmoil

Crude oil prices are in free-fall at the beginning of the week, with a barrel of West Texas Intermediate currently...

is there a recession in Europe is there a recession in Europe
Economy2 days ago

Is Europe in a recession now: the consequences are listed

Is Europe in a recession now? The depth of the recession in the eurozone will depend on the pace as...

saudi aramco base oil company saudi aramco base oil company
Commodities2 days ago

Saudi Aramco based oil company sees no strong impact on its position in Asia

Saudi Aramco-based oil company does not see any impact on its position in Asia, including India, from the redistribution of...

will crude oil prices fall will crude oil prices fall
Commodities2 days ago

Oil prices have stepped up their fall. Will crude oil prices fall even more? 

During the day oil quotes turned to fall on fears of slowing growth of the Chinese economy and increasing oil...

is bitcoin rally over is bitcoin rally over
Cryptocurrency3 days ago

Investors Ask Asian Crypto Exchange’s CEO To Step Down, Bankrupt Exchange In Potential Fundraising Talks

Is the Bitcoin rally over? Institutional investors didn’t cause a new bitcoin rally. That’s what Bloomberg writes, citing members of...

coinbase stock chart coinbase stock chart
Cryptocurrency3 days ago

S&P Global downgraded Coinbase to speculative: What will happen to the Coinbase stock chart? 

Rating agency S&P Global downgraded Coinbase cryptocurrency from BB+ to BB. How will this affect the Coinbase stock chart? Coinbase...

galaxy digital to buy bitgo galaxy digital to buy bitgo
Cryptocurrency3 days ago

Galaxy digital to buy BitGo? The company declined to buy the cryptocurrency depository

Galaxy Digital to buy BitGo? Galaxy Digital, a company owned by bitcoin investor Mike Novogratz, has changed its mind about...

current dollar rate as of today current dollar rate as of today
Forex3 days ago

Current dollar rate as of today: The dollar is rising against the euro and the pound, slightly falling against the yen

Current dollar rate as of today: The dollar is moderately strengthening against the euro and pound sterling. but slightly declining...

US war with china and russia US war with china and russia
Economy3 days ago

US war with China and Russia: Kissinger says the U.S. is “on the brink” of war with Russia and China

US war with China and Russia: Former Secretary of State Henry Kissinger believes that the U.S. is “on the brink...

a threat to the u s economy are important a threat to the u s economy are important
Economy3 days ago

A threat to the US economy biggest: experts name unexpected factor

The conflict between China and Taiwan is a threat to the U.S. economy largest and can deal a blow to...

How does FED rate cut affect stock market How does FED rate cut affect stock market
Economy3 days ago

How does the FED rate cut affect the stock market? Fed spokesperson calls for continued rate hikes

The history of FED rate hikes and cuts has yet to face what is happening today. Thomas Barkin, president of...

inflation reduction act of 2022 inflation reduction act of 2022
Economy3 days ago

Inflation reduction act of 2022: U.S. Congress agrees to allocate $430 billion for climate and inflation

Both houses of Congress have approved the Inflation Reduction Act of 2022, which also entails an allocation of nearly $370...

oil prices fall again oil prices fall again
Commodities3 days ago

Oil prices fall again at the start of Monday’s trading

Global oil prices fall again Monday morning by more than 1%. Investors are evaluating a lot of factors – both...

copper price by day copper price by day
Commodities3 days ago

Copper price per pound declines on doubts about demand in China

Copper prices per pound are declining on Monday due to negative demand prospects in China, according to trading data. The...

gold price today gold price today
Commodities3 days ago

Gold price today at 1810 dollars per troy ounce

The gold price today stabilized. On Friday evening, it was at 1810 dollars per troy ounce, which might show the...

import of gold in India import of gold in India
Commodities3 days ago

Imports of gold in India fell 30% in January-July

Imports of gold in India in January-July declined by 30%. India imported $2.37 billion worth of gold in July 2022,...

oil prices daily oil prices daily
Commodities3 days ago

What will happen to Brent crude oil prices in the new week

The global oil market will be guided by fresh forecasts on the demand for the raw materials. Brent crude oil...

international oil prices international oil prices
Commodities3 days ago

U.S. Treasury Department to discuss with Brazilian counterparts restrictions on international oil prices from Russia

Deputy Treasury Secretary Brian Nelson will discuss with the Brazilian Ministry of Finance during his visit to Brazil the limitation...

Stablecoin AUSD collapse Stablecoin AUSD collapse
Cryptocurrency3 days ago

Stablecoin AUSD collapse? Collapse to $0.05 after hacker attack

Stablecoin AUSD collapse? Unknown individuals attacked the Polkadot-based Acala Network protocol and released over 1.2 billion AUSD. As a result,...

cryptocurrency trading volume analysis cryptocurrency trading volume analysis
Cryptocurrency3 days ago

Cryptocurrency trading volume analysis: Trading volume decreased by 1.7% in July

According to cryptocurrency trading volume analysis from Chinese journalist Colin Wu, July was not a very good month for the...

Trending

©2021-2022 Letizo All Rights Reserved