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03.08.202205:37 Forex Analysis & Reviews: American stock indices fell during trading

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Exchange Rates 03.08.2022 analysis

Investors are also evaluating a new batch of quarterly reports from major US companies.

The value of the Dow Jones Industrial Average by 16:45 GMT+3 fell by 0.93% - to 32493.3 points.

The leader of the decline in the index, in addition to Caterpillar, are papers Boeing Co., falling by 2.6%. Only 5 out of 30 companies included in the indicator calculation are trading in positive territory, including Amgen Inc. and Cisco Systems Inc.

Standard & Poor''s 500 has dropped 0.57% since the market opened to 4095.17 points.

The Nasdaq Composite fell 0.4% to 12,319.41 points.

Shares of Uber Technologies jumped 13.7%. The taxi and food delivery company posted a loss again in the second quarter of 2022, although its revenue more than doubled, beating analysts' forecasts.

Papers Activision Blizzard rise in price by 0.2%. The American video game developer in April-June reduced revenue for the third quarter in a row, but the figure was higher than the market forecast.

Quotes of papers Marriott International increase by 0.5%. The operator of the world's largest hotel chain posted a 61% increase in net income in the second quarter on the back of a recovery in the travel industry, with adjusted figures and revenue well above expectations.

Shares of Cowen Inc. rise in price by 7.6%. Canadian Toronto-Dominion Bank has agreed to acquire a US investment bank in a $1.3 billion deal as it continues to expand its presence in the US market.

Capitalization of Caterpillar falls by 5.2%, the company is the leader of decline in the Dow Jones index. The manufacturer of equipment for road construction and mining in the second quarter increased its net profit by 18.4%, but the revenue was slightly worse than experts' expectations.

Market value of KKR & Co Inc. decreases by 4.7%. The American investment firm posted a net loss in the second quarter of 2022 and cut its distributable earnings (cash that can go towards paying dividends) by about 9%.

DuPont de Nemours Inc. fell 1.7%. The American chemical company posted a sharp increase in its second-quarter net income and a 7% increase in revenue, but its third-quarter guidance disappointed investors.

The price of Arconic securities decreases by 7.4%. The American producer of aluminum products in the second quarter of 2022 received a net profit and increased revenue better than market expectations, but worsened its forecast for the year.

Thomas Frank
Analytical expert of InstaForex
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