Dow Jones and other US stock indexes finished trading unchanged. #INDU

In this environment, 26.02.20 US stocks closed trading unchanged: the Dow Jones and S&P 500 continued to fall for the fifth auction in a row. Chief market strategist at Bruderman Asset Management Oliver Pursch said, “the reality is that the data comes in too fast and changing too fast.” Pursch believes that direct pressure on the market has the mass hysteria that is associated with the rapid spread of the coronavirus COVID-19 outside of China.

 

With regards to the American real estate, new home sales in January soared to the highest since July 2007, their growth twice exceeded the forecasts.

 

The index is the following: Dow Jones Industrial Average fell between 123.77 points (0.46 percent) and amounted to 26957,59 points, Standard & Poor's 500 slipped 11.82 points (0.38 percent) and amounted to 3226,39 points, Nasdaq Composite gained 15.16 points (0.17 per cent) and amounted to 8980,77 points.

 

One of the largest companies in the world in the field of entertainment & media Walt Disney Co. announced the inauguration of a chief Executive officer Bob Capek, who was in charge of a division of amusement parks and consumer products (Parks, Experiences and Consumer Products). News of the change of Director led to the fact that the price of paper NYSE:DIS dropped 3.7%.

 

The shares of the American network of fast food restaurants Wendy's fell to 4.7%. In the fourth quarter the company's profit in line with expectations of experts, despite the lower forecast. But securities the second largest us retailers fell by 4.4%, and the forecast for next year has not met expectations.

 

Salesforce is engaged in the provision of cloud services is already managed to report profits in the fourth quarter, which was much weaker than forecasts on wall street. This led to the fact that the company also announced the resignation of CEO Keith Block, who has held the post for only 18 months. After this announcement, stock prices Salesforce.com (NYSE:CRM) fell by 1.3%.

 

Due to the violent reaction of investors to news about the coronavirus and attempts to assess the economic impact of the epidemic, trading was volatile. The American S&P 500 index, rose 1.7% early in the session, fell after reports that the County of Nassau in new York track the status of 83 people who had visited China and was able to get in contact with coronavirus. However, Governor Andrew Cuomo said that confirmed cases in his state yet.

 

But the American President Donald trump said - “ the risks of coronavirus remain very low”, and then accused the TV that they exaggerate and adversely affect the financial markets.

27 February, 2020
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