The US stock markets are on the spot

According to the latest figures, the US stock markets are in place: the Dow Jones Industrial Average was down 328,60 paragraph (1,39%) - to 23390,77 points, Standard & Poor's 500 lost 28.19 points (1.01 per cent), making 2761,63 points, Standard & Poor's 500 lost 28.19 points (1.01 per cent), making 2761,63 points. Of all the American indexes have grown only the Nasdaq Composite, which rose by 38.85 points (0.48%) to 8192,42 points.


At this stage, investors continue to expect the consequences of a pandemic and preparing for the season of corporate reporting for the first quarter, which should realistically assess the financial results and forecasts of companies. Experts expect that the distribution COVID-19 will significantly reduce the economy and will lead to a dramatic loss of revenue in 2020. But at this stage the magnitude of the impact is difficult to identify.


In addition, corporations such as General Electric Co (NYSE:GE)., FedEx Corp (NYSE:FDX)., Starbucks Corp (NASDAQ:SBUX). and others have warned that they can't do a forecast for its yield, as in such unstable conditions, there is considerable uncertainty. Analysts observed concerned the mood, as the market is on the verge of another fall in profits of companies.


Anthony Fauci, who is Director of the National Institute of Allergy and infectious diseases of the United States, in an interview said that the possibility of a “partial opening of the sector of the American economy” in may. However, he emphasized on the fact that at the end of the year in America there are repeated outbreak of coronavirus.


This week, your reports will present such major U.S. companies like JPMorgan Chase & Co. and Bank of America Corp (NYSE:BAC)., a giant in the field of health insurance UnitedHealth Group (NYSE:UNH) Inc., transportation company J. B. Hunt Transport Services Inc. and manufacturer of healthcare products Johnson & Johnson. The reports from these companies are of particular interest to investors, as management comments will help to get the idea of what the market expects in the near future.


FactSet predicts a drop in profits of American companies in 2020 by 9% in annual terms, based on analysts ' expectations for individual companies included in the S&P 500 index, while after the end of last year, the forecast predicted a rise of 9.2%. At the same time, the experts of BofA Global Research expect falling profits of U.S. companies in per-share of 29% in the current year. Goldman Sachs predicts that profits will collapse by 33%, while warning that a longer period of suspension of economic activities can lead to the downfall of 57%.

14 April, 2020

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