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Opening of stock exchanges in the United States with ups and downs

The start of the New Year, until now, has left the stock exchange values of the United States with results and movements constantly changing to the extremes, unbelievably but true. One of the facts that have caused uncertainty is the most recent winner of the presidential elections, Donald Trump, who is scheduled to start managing the country the next January 20. This event has led the shares of stocks, operations and movements, to become extremely unstable.

The first days of January, after a late opening after the Christmas festivities, the stock exchange of the US has been marked by mixed results. What usually starts as a positive day it turns to dramatic losses in the middle of the day, and wrap things up to a closing that could be considered as ‘stable’.

On Wall Street, the NYSE (most important stock exchange in the United States) shares closed with losses, this is the result of the decline that interest rates had, event which in turn marked losses in the value of bank stocks.

On the other hand the shares of stores are now unbalanced, this happened after the decrease of profits forecasts. Companies such as Macy’s and Kohl’s, which are located mainly in the U.S., reported heavy losses due to the low sales recorded during December.

Also, the manufacturing and raw materials sector which were getting earnings as a result of the presidential elections of United States had a step back in its positive advance. Likewise, the value of the dollar decreased and the bonds led to the performance of these to go down.

The Dow Jones index, which covers about 130,000 indexes, registered losses of 131 points at halftime, and recovered a few moments before closing, all thanks to an increase in the companies’ shares that have wider dividends.

AG Markets Review

Monday, 16 Jan, 2017 / 2:32

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