The US stock markets fell for the second day in a row on Tuesday. The markets are in “wait and see” mode before the upcoming earnings season, according to the major bank.
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After first rising from the start, it finally became a new day with a moderate decline for the central stock market indices in the USA.
- The Dow Jones fell 0.34 percent
- The S&P 500 fell 0.24 percent
- The Nasdaq Composite ended 0.14 percent
– The markets are mostly in “wait and see” mode, the major bank Bank of America reports in an update, according to CNBC.
Reporting for the third quarter kicks off in earnest tomorrow, with figures from JPMorgan Chase and Delta Airlines before the stock market opens.
In addition, other giants such as the Bank of America, the Walgreens Boots Alliance, Wells Fargo, Morgan Stanley, Citigroup and Goldman Sachs will release their respective results during the week.
Upturn for aviation giant
After today’s fall, the US stock market has ended the last two days.
Several market participants point to concerns about high energy prices, and the likelihood that this will reduce consumers’ purchasing power and may trigger a recession.
The price of US WTI oil is up 0.41 percent to 80.5 dollars a barrel, after hitting the highest level in seven years on Monday.
American Airlines rose 0.7 percent after guiding an adjusted negative net profit of $ 620-675 million for the third quarter, compared to the $ 742 million Refinitive Consensus.
The airline expects a drop in turnover of around 25 percent compared to the same period in 2019, compared with previous guidance of a 24-28 percent drop in turnover.
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