InvestorGreg
News
S&P 500 and Nasdaq Was Up, and Dow Declined Due to Concern About Trade

S&P 500 and Nasdaq Was Up, and Dow Declined Due to Concern About Trade

Published by InvestorGreg Editorial Team

January 29th, 2019

The S&P 500 and Nasdaq indexes closed Thursday’s trade in the positive territory, while the Dow slightly declined, as continuing concerns about a slowdown in the global economy and trade contradictions between the US and China have negated optimism about companies’ reports.

The companies’ profit in the fourth quarter shows an overall positive trend, but the words of US Secretary of Commerce, Wilbur Ross, that the United States and China are very far from concluding a trade agreement worsened investor sentiments.

Results of chip manufacturers contributed to the growth of the Nasdaq index. Quarterly reports of Xilinx Inc. (NASDAQ: XLNX) and Lam Research Corp. (NASDAQ: LRCX) exceeded forecasts.

American Airlines (NASDAQ: AAL) Group Inc., Southwest Airlines Co (NYSE: LUV) and JetBlue Airways Corp. also reported quarterly results that exceeded expectations.

The index of shares of these airline companies included in the S&P 500 gained 3.3 percent.

The Dow Jones index closed the session down by 0.09 percent to 24,553.24 points, the S&P 500 index rose by 0.14 percent to 2,642.33 points, the Nasdaq Composite index gained 0.68 percent by rising to 7,073.46 points.

Shares of Textron Inc. (NYSE: TXT) jumped 5.6 percent, as the company reported profit exceeding expectations and predicted higher profit than it was expected in 2019.

About the author

InvestorGreg Editorial Team

The InvestorGreg Editorial Team is a group of financial writers and analysts who cover the worlds of finance and investment. Read more

Recommended Financial Products

Fidelity

A household name, Fidelity has always been known to be a reputable investment firm. In our Fidelity Broker Review, we will examine some of the pros and cons of this broker as well as the fees charged by the broker.

Fidelity Review

Charles Schwab

Charles Schwab has been one of the leading full-service brokers for decades. They have more than $3 trillion in client assets and there are more than 10.5 million active brokerage accounts.

Charles Schwab Review

E*TRADE

ETrade is a broker that has long been at the forefront of online trading. They made their first online trade in 1982. Let’s take a look at the broker offering and see if they are right for you.

E*TRADE Review

Vanguard

Vanguard Brokerage, an excellent choice of broker for low cost longterm investment. The broker offers the lowest expense ratio for index funds and ETF's.

Vanguard Review

Full list of recommended

Suggested For You

Boeing Will Spend $20 Billion to Buy Shares. Quotes Immediately Soared by 4% DEC 27, 2018 Boeing’s shares rose appreciably after the world’s largest aerospace giant increased its quarterly dividend by 20%, and the size of the share repurchase program is up to $20 billion.

Dow Jones Index Fell Down by 500 Points. Why Do Investors Sell Shares? DEC 21, 2018 US stock indexes lost 2% each on Monday. There was no such weak beginning of December on Wall Street for 38 years.

Dow Jones and Nasdaq Fell Down, but S&P 500 Is Quietly Steady APR 12, 2019 S&P 500 completed Thursday’s trading session without changes, as increase of worries about the global economic slowdown outweighed good economic data, while investors were waiting for start of the active phase of the reporting season.

Interactive Brokers Blocks Suspicious Accounts AUG 14, 2020 Interactive Brokers forcibly close suspicious accounts of certain clients. Information about this appears in all specialized forums and blogs.

US Stock Indexes Showed the Worst Year Start for 18 Last Years JAN 9, 2019 The beginning of the year was not easy for the US stock markets – Dow Jones and S&P 500 showed the worst start for almost two decades. A sharp decrease in the price of Apple shares had significant impact on the fall of the indexes.