Red Monday on Wall Street

Noam Stiekema

Wall Street started Monday’s trading session in red territory, as investors were not satisfied by the profits of the largest companies and started looking for new options. The “Red Monday” trading session covered almost all of the major indexes. The biggest decrease of the US benchmarks reported the technological Nasdaq, which dropped with 1.16%, reaching a value of […]

Wall Street NYSE

Wall Street started Monday’s trading session in red territory, as investors were not satisfied by the profits of the largest companies and started looking for new options. The “Red Monday” trading session covered almost all of the major indexes.

The biggest decrease of the US benchmarks reported the technological Nasdaq, which dropped with 1.16%, reaching a value of 4,079.75 points. The border index S&P 500 also decreased with 1.08%, removing all the profits made from the beginning of 2014 and returning to level of 1,845.04 points. Dow Jones also finished the session on red with decrease of 1.01% to 16,247.22 points.

Technological companies continued with bad from since Friday, as Google, Apple, Amazon and Yahoo slid more than 1%. Facebook shares fell with 2.0% to 55.53 USD after the start of regular trading. Also pharmaceutical giant Pfizer decreased its market capitalization with 3% to 31.20 USD per share, which was the worst representation of the big 30 companies that make up the Dow Jones.

Investor’s confidence with technological companies was shaken as signals for bad quarterly reports and unsatisfactory results can be found across the news. However, all eyes are tuned into the upcoming reporting season, which may clear the situation on Wall Street.

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