American Wall Street opened close to zero on Tuesday. Among the largest indexes, the S&P500 was up 0.3 percent, the Nasdaq was up 0.4 percent, and the Dow Jones was down 0.1 percent. Europe has gone down cautiously today.
The pace is different than yesterday. On Monday, Wall Street closed up 1.2 percent across the board.
There is tension in the market for tonight’s election debate between the presidential candidates Donald Trump’s and Horrible Harris between. The encounter will be the duo’s first and at the same time probably also their last. Trump has not been willing to commit to many arguments against former prosecutor Harris.
The central bank Fed’s policy rate decision, which will be published on Thursday, will probably have a bigger impact on the market than the argument. A small part of the market even calls for a mammoth 50 percentage point decrease, while the consensus favors a more moderate decrease of 25 points.
Giant companies are having a hard time
One of the stocks most familiar to Finns Oraclella goes particularly hard in the opening. The company reported record numbers in its cloud business, which caused the exchange rate to jump as much as 13.2 percent immediately after the handshake.
Tesla’s shares are also on the rise on Tuesday. The electric car manufacturer rose 3.8 percent at the opening.
Nvidia has not moved wildly in one direction or the other this week. On Tuesday, the stock was up 1.0 percent.
Apple is counting after its product launch yesterday. The decline was 1.7 percent during the first half hour of trading. In addition to new products, the course is affected by the decision of the EU’s highest court announced today, in which Apple was ordered to pay Ireland 13 billion euros at the end of a 10-year trial. The saga started already in 2014, when the European Commission opened an investigation into the tax benefits Ireland gave to Apple over the previous two decades. The lawsuit went through all EU court levels before ending today, Tuesday.
Source: www.arvopaperi.fi
