Dow Jones industrial average was volatile on Tuesday after Home Depot (HD) dropped.
Wall Street Review
Stocks fluctuated on Tuesday, Feb. 26, after Home Depot (HD) reported lower fourth-quarter earnings and US housing fell sharply in December. Dow Jones Industrial Average growth of 4 points, or 0.02%, to 26 096, the S & P 500 rose by 0.1
Federal Reserve Chairman Jerome Powell told US lawmakers that the central bank plans to reconsider its long-standing efforts to shrink the 4 trillion dollar, given the recent "cross-currents" in the markets and the global economy.
The Federal Reserve has cut its balance sheet since 2017, after swamping assets of about $ 900 billion after the 2008 financial crisis. The shrinking of the balance is part of the "normalization" of monetary policy, essentially the effort to tighten financial conditions to keep the economy from overheating.
The beginning of housing construction in December dropped 11% to an annual rate of 1.08 million, two years low. This was the lowest level since September 2016. Building permits increased 0.3% to 1.33 million annually.
rising interest rates, rising material costs, and continued turbulence in financial markets, "said Stephen Skanke, chief economic advisor at Keel Point. He noted that the closure of the government, which ended on January 25, delayed data collection and "made it harder to understand the exact dates of commencement and completion of construction." Meanwhile, Donald Trump arrived in Vietnam for Wednesday's summit with North Korean leader Kim Chen Un in Hanoi, where the two men will try to strengthen the terms of their Singapore summit in 2018 aimed at the nuclear nuclear reaction on the Korean Peninsula.
19699007] Trump told reporters in Washington on Monday before heading to the region that his trade team was "very close" to a deal with China after weeks of talks between Washington and Beijing, adding that "could happen soon enough, or
Home Depot fell 2% after its profit was weaker than expected, partly due to the $ 247m fee associated with Interline's divisions, and the merchant retail for home improvement predicts slower profit growth in 2019. 19659007] Home Depot for $ 2.09 per share, shy of the Wall Street consensus of $ 2.16, revenue of $ 26.5 billion, up 10.8%, but again lack of consensus. took a 16-centimeter inter-branch interconnection fee at 3.2 per cent and a US rate of 3.7 per cent and also saw profits for the year 2019, up 3.1 per cent to $ 10.03 per share, very shy of Refinitiv's forecast for $ 10.26 and total revenue will grow by 3.3%, suggesting a total of $ 111.77 billion
US. District Judge Alison Nathan said that Tesla CEO Elon Musk will have to write to the court by March 11 and invoke him after the Securities and Exchange Commission said on Monday that a Musketeer – this month, in which he revealed material about Tesla's production schedule that broke a settlement in October 2018, which forbade the museum to share information about the company without checking the lawyer.
"The defendant, Elon Musk, will turn to that court until March 11, 2019 to show the reason, if any, why he should not be found in contempt for the final judgment of the Court," Judge Nathan wrote on Tuesday.
Tesla grew by 1% in trade Tuesday
Caterpillar (CAT) dropped by 2
The settlement reached by Judge Nathan is linked to a tweed from August 2018 by Mousse for personal electric plans , 7% on Tuesday after UBS lowered its ratings to the heavy machinery maker and warned that earnings and revenue forecasts would be put under pressure in a slowdown in the global economy.
UBS lowered its ratings on Caterpillar's shares to sell from the purchase and cut its price by about 20% to $ 125, claiming that the key revenue drivers for Peoria, the company based in Illinois, including the construction markets in North America and China, as well as oil and gas production, will peak in 2019. This probably means revenue projections for 2020 that are at a consensus of $ 13.27 per share and suggest 8% a year
Macy's (M) reported stronger than expected earnings for the fourth quarter and said the jobs of such stores in 2019 may increase thanks to a program cost savings of about $ 100 million. Shares rose 0.5%.
Macy won $ 2.72 a share, well ahead of analysts' forecast of $ 2.53. Revenue fell 2.5 percent to $ 8.455 billion, but it was just before the analysts' forecast of $ 8.44 billion.