The Stock Exchanges in New York Started Trading with Small Gains on Wednesday
The stock exchanges in New York started trading with small gains on Wednesday. Investors on Wall Street, among other things, process the results of package delivery company FedEx.
Besides, American politics, where the House of Representatives votes on a settlement procedure against President Donald Trump, remain obliquely focused.
Shortly after the inaugural bell, the Dow-Jones index was 0.1 percent higher at 28,290 points. The broader S&P 500 index also won 0.1 percent, to 3197 points. Nasdaq technology grant rose 0.2 percent to 8840 points.
The FedEx share fell nearly 9 percent in the first minutes of trading. FedEx lowered its expectations for the current broken financial year, after a fall in profit and revenue in the second quarter. The parent company of the Dutch TNT is suffering from the continuing slowdown in the growth of the world economy. Major customer Amazon also purchases fewer delivery services.
General Mills won 1 percent. The food producer achieved lower sales in the past quarter than analysts expected, but recorded a higher profit than expected. The maker of Cheerios pretzels did not interfere with his profit forecast for the current broken financial year.
Insurer Cigna (plus 2 percent) made itself heard in the area of takeovers. The company sells its part for life insurance and disability insurance policies for 6.3 billion to its counterpart New York Life. Cigna will reward shareholders with part of the proceeds by broadening its share buyback program.