US Stocks slips

US Stocks slips: The US stock market finished the session slightly lower on Monday, 01 August 2022, the first trading session of the month, as the looming possibility of recession after manufacturing activity in July rose at the weakest rate in nearly two years and data from Europe and Asia showed factory activity slowing or contracting in the face of dampened global demand and persistent inflation. However, fairly encouraging corporate earnings updates helped limit the market’s downside.

At the close of trade, the Dow Jones Industrial Average index declined 46.73 points, or 0.14%, to 32,798.40. The S&P500 index dropped 11.66 points, or 0.28%, to 4,118.63. The tech-heavy Nasdaq Composite Index decreased by 21.71 points, or 0.18%, to 12,368.98.

US stocks slip as investors struggle to keep momentum following the best month for the market since 2020

Total 7 of 11 S&P500 sectors closed lower, with energy issue suffered largest percentage loss, falling 2.2%, followed by real estate (down 0.9%), financials (down 0.9%), energy (down 0.8%), and healthcare (down 0.7%) issues. The consumer staple sector enjoyed the largest percentage gain, rising 1.2%.

Shares of energy firms suffered the most losses after crude prices headed lower as global factory data weighed on the demand outlook. U.

S. crude fell 4.73% to settle at 93.89$ per barrel, and Brent settled at $100.03 per barrel, down 3.94% on the day.

Boeing shares climbed more than 6% on reports that the Federal Aviation Administration had approved the jet maker to restart deliveries of its 787 Dreamliner.

U.S. stocks slip, crude slides as soft data feed recession jitters

ECONOMIC NEWS: The Institute for Supply Management’s latest report showed that the ISM Manufacturing PMI edged lower to 52.8 in July of 2022 from 53 in June. The reading pointed to a 26th straight month of rising factory activity but the weakest rate since June of 2020. The ISM Manufacturing Employment sub-index increased to 49.90 points in July from 47.30 points in June. The ISM Manufacturing New Orders sub-index decreased to 48 points in July from 49.20 points in June of 2022.

The Commerce Department released a report showing construction spending in the US fell by a seasonally adjusted 1.1% MoM to $1.76 trillion in June, compared to the revised 0.1% increase in May.

Stocks slip to begin August following their best month since 2020

The S&P Global US Manufacturing PMI was revised slightly lower to 52.2 in July of 2022 from a preliminary of 52.3, pointing to the lowest factory growth since July of 2020.

Among Indian ADR, Tata Motors added 7.2% to $30.58, INFOSYS added 0.67% to $19.62, Wipro added 1.13% to $5.36, and HDFC Bank added 0.45% to $63.08. Dr. Reddy’s Labs added 0.72% to $51.48. ICICI Bank declined 0.24% to $20.73, WNS Holdings fell 0.1% to $86.62, and Azure Power Global fell 3.6% to $11.80.

Stocks slip to begin August following their best month CNBC

https://www.cnbc.com › 2022/07/31 › stock-futures-fall-sl

12 hours ago — The 30-stock Dow slipped even though Boeing jumped 6.13% after the U.S. approved a plan to resume 787 deliveries. The energy sector was a big drag on the market 

US Stocks: Futures slip after strong gains on Wall Street

https://www.financialexpress.com › market

20-Jul-2022 — U.S. stock index futures edged lower on Wednesday after sharp gains on Wall Street in the previous session as investors assessed 

US Stocks: Futures slip ahead of June jobs data

https://www.financialexpress.com › market

08-Jul-2022 — U.S. stock markets started the month on a solid footing after a brutal first half of the year amid aggressive rate hikes by the Federal Reserve.

U.S. Futures Slip; European Stocks Gain – WSJ

https://www.wsj.com › Markets › U.S. Markets

04-Jul-2022 — Futures tied to the S&P 500 and Dow Jones Industrial Average both slipped 0.4% while contracts on the tech-heavy Nasdaq-100 fell 0.5%. Subscribe 

Us Stocks Slips On Recession Worries – Capitalmarket

https://www.capitalmarket.com › foreign-markets-news

6 hours ago — The US stock market finished session slightly lower on Monday, 01 August 2022, the first trading session of month, as the looming possibility of 

Stock Market Today: Dow, S&P Live Updates for July 22, 2022

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21-Jul-2022 — US stocks fell as disappointing results from social-media firms and weak economic data added to recession fears.

U.S. Stocks Slip, Crude Slides as Soft Data Feed Recession 

https://money.usnews.com Investing News

1 day ago — The Dow Jones Industrial Average fell 46.73 points, or 0.14%, to 32,798.4, the S&P 500 lost 11.68 points, or 0.28%, to 4,118.61 and the Nasdaq 

U.S. stocks slip, crude slides as soft data feed recession jitters

https://www.reuters.com › markets › europe › global-mar

13 hours ago — Wall Street ended a three-day winning streak and crude prices plunged on Monday as economic data from the U.S., Europe and China showed 

US STOCKS-Wall Street slips heading into Fed’s big rate 

https://finance.yahoo.com › news › us-stocks-wall-street

14-Jun-2022 — June 14 (Reuters) – U.S. stocks on Tuesday extended losses from a bruising previous session in which the S&P 500 confirmed a bear market as 

US stocks open sharply lower on inflation data, S&P 500 slips 

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10-Jun-2022 — A few minutes into trading, all three major indices were off at least 1.5 percent as consumer price index (CPI) jumped 8.6 percent compared 

Dow closes nearly 250 points lower as worries about big tech 

https://www.marketwatch.com › Markets › Market Snapshot

7 days ago — U.S. stocks finished lower Tuesday as investors stared down a mountain of event It’s results could have major ramifications for markets.

US stock market slips but Apple, Google, and Microsoft report 

https://fortune.com › 2021/07/27 › stock-market-apple-

27-Jul-2021 — Markets in New York sank for the first time in nearly a week, with all three major indexes pulling back from Monday’s record highs. The S&P 500 

US stocks drop in worst week since January as inflation 

https://www.ft.com › Capital markets › Economy › Equities

10-Jun-2022 — The broad-based S&P 500 fell 5.1 per cent this week, while the tech-heavy Nasdaq Composite, which is stacked with interest rate-sensitive growth 

Sensex slips over 700 points; 6 key factors behind today’s 

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10-Jun-2022 — Weak global cues: The US markets ended lower on Thursday as investors anticipated incoming data to show unabated high levels of consumer 

Stocks slip on Wall Street, pulling S&P 500 below record

https://www.usatoday.com › markets › 2021/06/14 › st

14-Jun-2021 — The S&P 500 fell 0.3% as of 1:30 p.m. Eastern. The Dow Jones Industrial Average fell 238 points, or 0.7%, to 34,241 and the Nasdaq rose 0.4%.

 

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