New York stock market opens lower

The New York stock market started the last trading day of the week with a decline.

At the opening, the Dow Jones index decreased by 0.18 percent to 35,665.95 points. The S&P 500 index fell 0.52 percent to 4,572.50 points, and the Nasdaq index fell 0.77 percent to 15,329.5 points. The balance sheets of the US technology giants Apple and Amazon, which did not meet the expectations, were effective in the negative course in the indices.

Apple and Amazon announced their balance sheets for the July-September period yesterday. Although Apple’s revenue during this period reached $83.4 billion, an annual increase of 29 percent, it fell short of market expectations.

Apple Chief Executive (CEO), Tim Cook, stated that supply constraints cost the company $ 6 billion, but still showed a strong performance.

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American e-commerce giant Amazon also reported that its revenue in the third quarter of the year increased by 15 percent compared to the same period of the previous year and reached 110.8 billion dollars, but the revenue of the company in this period could not meet the market expectations.

After the financial results of the companies in question, which disappointed the markets, Apple’s shares fell close to 3 percent, while Amazon shares lost more than 4 percent.

On the macroeconomic side, personal incomes in the USA decreased more than expected by 1 percent monthly in September, while personal consumption expenditures increased by 0.6 percent, above the expectations.


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Source: bigpara- GÜNDEM by bigpara.hurriyet.com.tr.

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