(AOF) – US stocks fell at the end of the session despite higher consumer sentiment at the University of Michigan than expected in May, which did not offset uncertainty about the outcome of the China-US conflict. According to the American press, negotiations on trade between Washington and Beijing are no longer advancing. In addition, investors were wary of the threat of the end of the week. The Dow Jones Industrial Average fell 0.38% to 25,764 points. The Nasdaq Composite Index lost 1.04% to 7,816.28 points.
In a highly competitive home market, Deliveroo has found a strong alliance: Amazon. The e-tailer is the main contributor to $ 575 million in funding, which was also attended by several other investors already in the capital: Rowe Price, Fidelity Mang & Research and Greenox. Following this new round, Uber competitors are eating and just eating a total of $ 1.53 billion. This investment weighed Amazon (-2.02% to $ 1869).
Today's economic data
In the United States, the leading board index rose by 0.2% in April 2019, following an increase of 0.3% (0.4%) in March. The consensus of Briefing.com was 0.2% in April.
The University of Michigan's consumer confidence index stood at 102.4 in May 2019. Reuters's consensus was 97.5. The index stood at 97.2 in April.
The following entries today
US equipment supplier for semiconductor sector Applied Materials released results exceeding Wall Street expectations In the second quarter, closed at the end of April, the group announced a 69% drop in its net profit to $ 666 million, or 40 cents per share Earnings per share, Excluding special items, it also fell by 70 cents against a 66-cent FactSet consensus, Applied Materials fell 23 percent to $ 3.44 billion, while the market is expected to be worth $ 3.5 billion.
China's Wall Street listed technology group Baidu reported lower-than-expected earnings. In the first quarter, it suffered a net loss of 327 million yuan ($ 42 million), or 98 yuan per share. Without disposable items, earnings per share was 2.77 yuan lower than the consensus of 2.89 yuan. Baidu's revenue, particularly in Internet research, jumped 21 percent to 24.12 billion yuan ($ 3.95 billion), while the market focused on 3.88 billion yuan.
NVIDIA reported better-than-expected results in the first quarter. During this period, the profit of a graphics processor specialist saw its net profit drop 68% to $ 394 million, or 64 cents per share. Excluding non-recurring items, earnings per share was 88 cents, 7 cents more than the conventional FactSet. Revenue fell 31% to $ 2.22 billion, slightly above expectations: $ 2.2 billion.
Tesla will closely monitor its expenses as part of a new cost reduction program. According to the US press, based on a letter sent by Alon Musk, CEO of the electric vehicle manufacturer, to his employees, even given the recent $ 2 billion in fresh money raised, the group had just 10 months ahead of it to reach equilibrium.
Unnamed: Under a rogue
JPMorgan went from Neutral Overweight to Under Armor with a target price of $ 29. Following meetings with management, the Analysis Office said that the tone is one of "controlled confidence" in brand management, with a disciplined acceleration of global growth in circulation and net profit in fiscal year 2020. From a combination of products, innovations and marketing.
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