13.02.202304:21 Forex Analysis & Reviews: U.S. stock indices decline for the third day in a row

Technology companies are the leaders of the fall on Friday, which is due to disappointing reports for investors.

US consumer price data will be released on Tuesday. Analysts believe that annual inflation in the country slowed down to 6.2% in January from 6.5% a month earlier.

On Friday, the US macro statistics were also published. Thus, the consumer sentiment index of the University of Michigan, which reflects the degree of household confidence in the US economy, according to preliminary estimates, increased to 66.4 points in February from 64.9 points in January, while an increase to 65 points was predicted.

Dow Jones Industrial Average by 17:47 GMT +3 decreased by 0.16% and amounted to 32645.72 points. Leading losses among the components of the index included Salesforce Inc., down 3.9%, Walt Disney Co. down 1.6% and JPMorgan Chase & Co. - by 1.1%.

The value of the Standard & Poor's 500 from the opening of the market fell by 0.27% - to 4070.35 points.

The Nasdaq Composite fell 0.7% to 11,706.76.

Taxi booking service Lyft Inc. in October-December received record revenue for the second quarter in a row, but the company's forecast fell short of expectations. The share price at the beginning of trading collapsed by more than 35%.

Expedia Group's value is down 6.2%. Online travel holding in the fourth quarter reduced its net profit by 2.3 times, while the adjusted figure, as well as revenue fell short of analysts' expectations.

Shares of Newell Brands lose 5.8%. The consumer goods maker posted a net loss in October-December and reduced revenue, as well as a weak outlook for the current quarter.

Share price of Apple Inc. drops 0.7%, Intel Corp. - by 0.9%, Microsoft Corp. - by 0.8%, Tesla - by 2.7%, Boeing Co. - by 0.2%.

At the same time, PayPal Holdings rose 3.5%. The payment system increased its net profit in the fourth quarter by 15%, revenue - by 7%. In addition, the company announced that its chief executive officer, Dan Schulman, intends to leave his post on December 31, 2023. However, he will remain on the board of directors of PayPal.

Yelp Inc. online review service. reduced net income by 13% in the last quarter, while revenue grew by a similar amount and exceeded forecasts. Quotes of the company's shares jumped by 7.4%.