New York Stocks Forecast: Expected Profits

The Nasdaq 100 is now heading for its highest level since July. The Dow Jones only peaked in mid-October and has weakened slightly since then.

“The heaviness of leaden is slowly settling on the capital markets,” wrote the experts at Dekabank in view of the US election on November 5. Markets reacted less than usual to economic data and news as the election overshadowed everything in the world’s most important economy. “In the last few trading days, market participants were positioning themselves even more strongly in terms of Trump’s influence: the yield on government bonds rose significantly and stock markets had positive trends. ” Now everyone was waiting to see what would happen on election day.

At the beginning of the week, our eyes are first on oil prices. Those fell by nearly six percent after Israel launched a retaliatory attack on Iran at the weekend, but it was less widespread than some had recently feared. Iran’s religious leader Ayatollah Ali Khamenei also called for thoughtful action. Moreover, the country’s oil industry is operating normally even after the Israeli attack.

Airline securities were among the beneficiaries of the oil price slide. For example, American Airlines, United Airlines and Delta Air Lines share prices rose up to 2.7 percent in US premarket trading.

On the other hand, shares of oil producers such as Exxon Mobil, Chevron and Occidental Petroleum came under pressure, each falling about 2 percent. Share prices of oilfield service providers Schlumberger and Halliburton each lost a good 2 percent.

Boeing shares rose 0.8 percent premarket. The billion-dollar capital increase by the troubled US aircraft manufacturer was already expected. Investors hope they will be released with the new money. Boeing wants to use the billions of dollars for general purposes, including debt reduction, investment in equipment and investments and expenses at its subsidiaries./mis/stk