Major US stock indexes fell on Tuesday after weak US economic data disappointed investors.
As it became known today, in June, personal income increased by $ 29.3 billion (0.2%) in June, according to estimates released today by the Bureau of Economic Analysis. Disposable personal income (DPI) increased $ 24.6 billion (0.2%), and personal consumption expenditures (the PCE) increased $ 53.0 billion (0.4%).
Real DPI increased by 0.1% in June and a real PCE increased 0.3%. PCE Price Index increased by 0.1%. With the exception of food and energy, PCE price index increased by 0.1%. The increase in personal income in June mainly reflects the growth of private incomes from wages and incomes of non-agricultural owners, which were partially offset by a decrease in personal income in the form of dividends and personal interest income.
Among the corporate nature of the posts should be noted quarterly reports Pfizer (PFE) and Procter & Gamble (PG). Quarterly results of both companies exceeded analysts’ expectations. Pfizer’s profit for the second quarter 2016 fingoda reached $ 0.64 per share, which is $ 0.02 higher than the average analyst forecast of $ 0.62. Quarterly revenue rose nearly 11%, to $ 13.147 billion., While the average forecast of analysts expected to increase to $ 13.013 billion. Shares of PFE fell, as the company left unchanged its forecast for the full 2016 fiscal year.
Procter & Gamble in the reporting period made a profit of $ 0.79 per share, which is $ 0.05 higher than the average market forecast. The company’s revenue was $ 16,102,000,000., that turned out to be 2.7% per annum less, but 1.7% higher than the average forecast of analysts. The company also lowered its forecast for earnings per share figure for 2017 fiscal year to $ 3.67 against the analysts’ forecast of $ 3.97 level.
Most components of the DOW index finished trading in negative territory (23 of 30). More rest up shares Exxon Mobil Corporation (XOM, + 1.06%). Outsider were shares of Pfizer Inc. (PFE, -2.20%).
Almost all sectors of the S & P closed in the red. the services sector fell the most (-1.2%). Maximizing showed conglomerates sector (+ 0.8%).
At the close:
Dow -0.49% 18,313.70 -90.81
Nasdaq -0.90% 5,137.73 -46.47
S & P -0.64% 2,157.03 -13.81
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