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US stocks retreat from record levels at the close, affected by the decline in retail sales
image 18 August، 2021
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US stocks recorded declines at the close of the trading session on Tuesday, August 17th, as the Dow Jones index lost more than 500 points before reducing its losses at the close, as data released by the US economy showed a decline in US retail sales, worse than market expectations, in addition to geopolitical influences. in Afghanistan.

The data released yesterday evening, Tuesday evening, showed a decline in retail sales in the United States of America in July by -1.1.1%, worse than expectations that indicated a decline of about 0.2%, while the June reading was revised up to 0.6%, in contrast the core index declined by -0.4% and was revised The June reading increased to 1.6%.

Companies and financial institutions continue to announce their financial results for the second quarter of this year, as the largest home improvement company in the United States of America, building products and services announced its financial results for the second quarter, with profits of $4.81 billion, at $4.52 per share, compared to $4.33 billion and 4. 01 dollars per share compared to the same period last year, the company’s share declined by 4.27% at closing at levels of 320 dollars.

The Dow Jones Industrial Average closed down by about (282) points at the close at 35.343 levels, a loss of about 0.79%, and is now trading in the futures for today’s session, Wednesday, at 35.246 levels, down by about 13 points.

While the S&P 500 index recorded declines at the closing at 4.448 levels, down by about (31) points or 0.71%, and it is now trading in futures at 4.445 levels, up by about two points.

While the Nasdaq index recorded losses by (137 points), to close the session at 14,656 points, recording losses of about 0.93%, and it is now trading at 15.015 levels, up by about 18 points.

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