S&P 500 loses after seven-day profit streak | Financial

The Dow Jones fell 0.6% in the red at the close, to 34 577.37 points.

The S&P 500 is down 0.2% at 4343.55 points. The tech-heavy Nasdaq holds 0.2% gains at 14,663.63 points.

The Chinese taxi company Didi records a 19.5% exchange rate loss after an intervention by the Chinese government. He forced Didi to remove his app from various app stores because the company illegally collected data from users.

Didi had just gone public in New York last week. Investors there have not yet been able to comment on the news because Wall Street was closed Monday for Independence Day. That national holiday fell on Sunday, but gave traders a day off on Monday.

The tighter controls on tech companies from the Chinese government already made investors nervous. There was also a warning that China wants to monitor companies with a foreign listing more closely. Companies such as Alibaba, Baidu and JD.com fell to 3.4 percent.

Oil movable

Amazon won 4.7%. With that, Andy Jassy, ​​succeeding Jeff Bezos, who disappeared after 27 years as direct manager, took a cold day to lead the share price to its all-time high. Jassy has been with the company for 24 years, the last few years as CEO of Amazon Web Services.

Apple rose 1.4%, Salesforce won 0,8%.

Energy companies were in the spotlight as a result of volatile oil prices. The OPEC+ countries failed to reach an agreement on increasing oil production.

Brent oil eventually lost 2.9% at $74.89.

Oil and gas company Halliburton fell 6.5%, Occidental lost 6.3%, Schlumberger fell 4.9%, Marathon Oil lost 4.3%.

Furthermore, investors are mainly waiting for the Federal Reserve to release the minutes of its latest policy meeting on Wednesday evening. They hope to take hints from this when the central bank wants to reduce corona support and whether policymakers have started to think differently about interest rate changes. It was previously announced that the Fed expects to raise interest rates next year, where it was previously thought to be 2023.

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