Quarterly reports Walmart disappointed exchange

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On Tuesday, February 20, the stock indices of the United States of America showed a negative trend. Dow Jones and S&P 500 have made a significant drawdown, which was largely due to the drop in shares of heavyweight Walmart, presented not too optimistic financial results for the quarter. In addition, revived the fears of players on the subject of rising Treasury yields.
Meanwhile, the Nasdaq, most of the session traded in positive territory completed trades a slight decrease, and the support he has provided growth of a number of major technology companies.
Following the auction, the indicator of “blue chips” Dow Jones Industrial Average weakened by 1.01% to reach 24964,75 paragraph, meanwhile, the index of wide market S&P 500 down 0.58% to 2716,26 points, meanwhile, the index of high-tech companies Nasdaq Composite “lost” by 0.07% to 7234,31 points.
Futures for oil of mark Light with delivery in April at the end of trading on the NYMEX rose $0,24 to $61,79 per barrel. At the end of trading on COMEX gold futures with delivery in April fell by $25.0 to $1 331,20 per Troy ounce. The yield on ten-year Treasury bonds, in turn, increased to 2.89 per cent.
The world’s largest retailer Walmart has lowered from your asset 10.2% of in view not held on to forecasts of analysts quarterly earnings. So, in the fourth quarter the company’s net income fell to $2.18 billion, or 73 cents a paper, while the adjusted profit was $1.33 on the paper at average forecasts of analysts at the level of us $1.37 per share.
While the shares of other industry representatives Target and Kroger fell by 3.0% and 4.2%, respectively.
Meanwhile, quotations of the manufacturer of semiconductors NXP Semiconductors jumped 6% on news that another representative of the industry Qualcomm intends to increase the amount of it is absorbed up to $44 billion. it is Worth noting that market capitalisation of the last has decreased by 3.4%.
Meanwhile, paper company biotech MiMedx Group has fallen by 40% after it announced that it was postponing the publication of its financial report for the fourth quarter.
The vast majority of shares in the composition of the index of blue chips ended in the red zone, with the greatest rate of decline, except for Walmart, showed Verizon Communications (-1,5%) and Merck (-1.0 per cent). While in the black managed to close the securities of Intel (+1,6%), Microsoft (+1.4%) and American Express (+1.1 percent).
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Anna Kalmykova,
Analyst
CC “FINAM”