American stocks turned red at the end of the trading session yesterday, Tuesday, after they were covered in green, and after a positive start in the opening session of the week on Monday, and the record of the S&P 500 index for the best daily performance since last June after increases of more than 600 points. Declines in technology sectors pressured US stocks during the session on Tuesday, as Apple’s shares fell by 2.09 per cent at closing, and Facebook’s shares fell by 2.23 per cent, and Microsoft’s share lost about 1.3 per cent. In terms of financial results for companies and institutions in the United States of America, Zoom Video announced profits and revenues in the fourth and last quarter of last year, recording a net profit of $ 260.3 million, and the earnings per share rose to $ 1.22 per share, better than market expectations, and the company’s share rose by more than 7 percent. Before returning to lose about 9 percent at the close of the session, fears raised in the markets about the company’s direction for the next year 2022. On the other hand, the Chinese car company New, listed on the New York Stock Exchange, recorded losses estimated at about $ 203.6 million, and losses per share of about $ 0.14, while revenues reached $ 1.03 billion, so the company’s share declined by about 2.97 percent at closing. The Dow Jones industrial average closed down about (143) points at the close at 31.391 with losses of about 0.45%, and it is now trading in the futures for Thursday’s session at 31.532, at an increase of about 174 points. While the S & P500 index recorded declines at the close at levels of 3.870, down by about (31), recording declines of about 0.81%, and it is now trading in futures at levels of 3.752, up about 24 points. While the Nasdag index recorded declines by (230 points), to close the session at 13.358 points, recording losses of about 1.69%, and is now trading at levels of 13.173, up about 117 points.
07/11/2024
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