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30.12.202116:59 Forex Analysis & Reviews: Stock America showed mainly growth

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Exchange Rates 30.12.2021 analysis

Stock America showed mostly growth, except for the NASDAQ indicator, which showed a slight decrease of 0.1%, while the broad S&P 500 added 0.14%, and the industrial Dow Jones - 0.25%. Although the S&P 500 and Dow Jones showed a slight increase, this did not prevent them from reaching new highs of 4,793.06 and 36,488.63 points, respectively.

Investors continue to monitor the situation with a new type of coronavirus. According to experts, omicron is a more contagious form than the previous varieties, but easier in terms of the course of the disease. This gives traders confidence that it will not be necessary to introduce more stringent restrictive measures that can affect both the movement of people and business activity in countries.

According to statistics, the foreign trade deficit in the United States increased by 17.5% last month, to a maximum level of 97.8 billion dollars. It should be noted that the October figure was $83.2 billion. At the same time, in November, exports decreased by 2.1% and reached $ 154.7 billion, while imports, on the contrary, increased by 4.7% and reached $ 252.4 billion.

Another indicator - the indicator of unfinished real estate transactions - decreased by 2.2% in the previous month after an increase of 7.5% a month earlier. At the same time, according to analysts, this indicator should have grown by 0.5%. Compared to the same period last year, the drop was 2.7%.

Since the founder of Tesla Inc. Elon Musk once again made a sale of securities of his company for $ 1 billion, the company's stock prices fell by 0.2%. In total, Musk sold 10% of the shares of Tesla at his disposal. Recall that earlier he conducted a survey on social networks, in which he consulted with followers about whether he should sell 10% of his shares, and the results of the vote showed that more than 80% voted "yes".

Victoria's Secret & Co.'s stock prices rose by 12.2% due to an optimistic forecast regarding the company's revenue and revenues for the fourth quarter, as well as the planned purchase of shares totaling $ 250 million.

As a result of the cancellation and postponement of several thousand flights, the paper of air carriers lost in price. Thus, the value of the securities of American Airlines Group Inc. decreased by 2.6%, United Airlines Holdings Inc. - by 1.9%, Delta Air Lines Inc. - by 1.2%. Alaska Air Group Inc.'s stock prices fell 1.4% after reporting a 20% decrease in the number of flights from Seattle due to worsening weather conditions, as well as a shortage of staff.

After the scandal caused by the accusation of Medallion Financial Corp. and its director Andrew Murstein's involvement in fraudulent schemes aimed at increasing the price of the company's shares, the stock prices fell sharply in price by (21%).

Anastasia Kravtsova
Analytical expert of InstaForex
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