The Dow jumped more than 100 points today as investors placed speculative orders. following the stock price fell in the first
As of 11:18 p.m. Thai time, the Dow Jones Industrial Average stood at 33,894.36, up 133.31, or 0.39%.
Energy stocks tumble once morest the market. According to the collapse of oil prices in the world market
The Dow fell more than 100 initially as investors worried regarding China’s economic expansion. following revealing lower-than-expected retail sales and industrial production figures While the real estate sector faces liquidity problems.
Shares of Pfizer Inc., the largest U.S. pharmaceutical company, fell nearly 1% following the company’s chief executive said he had tested positive for coronavirus.
Albert Burla, Chief Executive Officer of Pfizer Inc., which manufactures drugs and vaccines once morest COVID-19. world’s largest revealed today that He has tested positive for COVID-19 and is now feeling a bit sick.
Mr Birla said He is in the process of quarantine. and was treated with Paxlovid. which is the company’s drug for the treatment of COVID-19
Birla received four doses of the COVID-19 vaccine developed by his company Pfizer and Biotech. Before it was revealed that it was infected with COVID-19 today.
Markets are keeping an eye on the earnings release of major US retailers this week for signs of inflation’s impact on its earnings.
Investors are also trading cautiously before the Federal Reserve (Fed) releases the minutes of its July 26-27 meeting on Wednesday. While several Fed officials continued to express their opinions to raise interest rates. Despite the signs that inflation has slowed
Chicago Fed President Charles Evans said the consumer price index (CPI) showed US inflation slowed in July. And this is the first positive data since the Fed began tightening its monetary policy.
However, Mr Evans said Inflation remains unacceptably high. And the Fed needs to continue raising interest rates.
San Francisco Fed President Mary Daly said it was too early for the Fed to declare victory in the fight once morest inflation.
She also did not rule out the possibility of the Fed raising interest rates by 0.75% for the third time in a row at the September meeting.
The disclosure of US economic numbers today. The National Association of Home Builders (NAHB) of the United States revealed that The Homebuilder Confidence Index fell six points to 49 in August, the eighth straight month of decline.
In addition, the Confidence Index dropped below 50, indicating a negative general outlook.
The decline in the confidence index was fueled by concerns regarding inflation and a recession. including rising interest rates on mortgage loans and construction costs As a result, the confidence index on sales during the next 6 months. And the current sales confidence index has dropped.
The New York Federal Reserve also said its Empire State Manufacturing Index fell sharply in August.
The New York Fed said its manufacturing index fell to -31.3 in August, below analysts’ expectations of +5.0 from +11.1 in July.
The index dropped below 0, indicating that New York’s manufacturing sector is contracting.
The manufacturing index was affected by the decline in new orders and jobs. while the business sector has reduced confidence in the trend over the next 6 months.
