All three leading indices on Wall Street ended in red on Tuesday. Two of the major banks struck with strong results, while Apple launched new products.
The Dow Jones fell 0.55 percent to 28,680.33 point.
The S&P 500 closed down 0.64 percent to 3,511.76 point.
Technology-heavy Nasdaq Composite fell 0.10 percent to 11,863.90 point.
The banks struck
On Tuesday, two of the major US banks presented their results for the third quarter. Both showed strength.
JPMorgan Chase was able to report a profit of $ 9.44 million, which is equivalent to $ 2.29 per. action. This was significantly higher than the expected $ 2.23 per share. action. The CEO, Jamie Dimon, emphasized that even though the bank’s borrowers had handled the crisis better than expected, there is still great uncertainty surrounding a large share of lending for the next quarter.
Citigroup followed the former, with a result per. share at $ 1.40, which exceeded expectations of $ 0.91 per share. action. However, the result showed a significant decline from the corresponding quarter last year.
Despite both banks beating expectations, investors were not as enthusiastic. The shares fell by 1.66 per cent and 4.88 per cent, respectively.
iPhone launch
There was great excitement associated with Apple’s launch of the new generation of smartphones, iPhone 12. The company was able to tell about several new models of the phone, which has 5G. Apple CEO Tim Cook described the new generation as “a new era”.
Several American media outlets pointed out that the Apple share was solid in the green in the pre-trade, and consequently speculated whether it could reach a new record level. However, this was not the case.
Apple ended up down 2.65 percent, despite the long-awaited launch.
Fear, gold, oil and interest
The VIX index, popularly called the fear index, rose 3.2 percent to 25.87.
The gold price was down 1.6 percent and an ounce went at closing time for 1,897.6 dollars.
North Sea oil rose 1.8 percent to $ 42.45 per barrel. fat.
The 3-month interest rate shrank by 0.3 basis points to 0.107 per cent.
The interest rate on the 2-year-old remained unchanged at 0.157 percent.
The 10-year interest rate fell by 4.8 basis points to 0.729 per cent.
The 30-year interest rate had a decrease of 6.0 basis points to 1,516 per cent.
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