Daily Report 20.08.2021
Објавено: 20. 08. 2021

Dow struggles for a third day on Fed taper worries; European stocks close 1.7% lower 
The Dow Jones Industrial Average slipped Thursday as concerns about the Federal Reserve removing stimulus loomed. 
The Dow shed about 60 points, or 0.2%. The S&P 500 traded up 0.2%. The Nasdaq Composite climbed 0.3%.European markets closed lower on Thursday as investors digested the latest Federal Reserve minutes. 
WTI crude oil dropped more than 2%, falling below $64, and copper lost about 2% on concern about global growth without the Fed bond-buying support. The 10-year Treasury yield fell 3 basis points to 1.243%. (1 basis point equals 0.01%.) 
Shares of tech stocks including Microsoft and Netflix traded in the green. Nvidia’s stock jumped more than 4% after the chip giant’s quarterly earnings and revenue beat Wall Street estimates amid strong graphics cards sales. 
Robinhood shares tumbled more than 10% after its first earnings report as a public company. The app warned investors that its third-quarter results could be affected by a slowdown in trading. 
Goldman Sachs cut its economic growth forecast for the current quarter to 5.5% from 9% Wednesday night, adding to the negative sentiment. The firm also sees higher inflation than expected for the rest of the year. 


The pan-European Stoxx 600 ended the session down 1.6% provisionally, with all sectors in the red apart from utilities. Miners and retailers led the sectoral losses. 
Toward the top of the benchmark, Dutch payments firm Adyen rose 5.3% after reporting better-than-expected earnings. 
Source: CNBC, Investing.com