Wall Street closes down as stimulus package talks drag on

Snap technology shot up more than 28% at the close of Wednesday's session, to $ 36,50, after reporting its third quarter results. The Snapchat owner had a 52,10% year-on-year increase in revenue to $ 678,7 million.

North American financial markets ended the third session of the week in the 'red'. The New York Stock Exchange closed negotiations on Wednesday on negative ground, at a time when investors expect news about the negotiations between Democrats and the White House, which drag on despite the optimism shown by the president of the House of Representatives.

On Wall Street, the Dow Jones industrial index slid 0,35%, to 28.210,82 points, the financial S&P 500 lost 0,24%, to 3.434,72 points and the technological Nasdaq fell 0,28%, to 11.484,69 points. The Russell 2000 depreciated 1,11%, to 1.600,45 points.

Snap technology shot up 28,30% to $ 36,50, after reporting its third quarter results. The owner of Snapchat had a 52,10% year-on-year increase in revenue, to $ 678,7 million, when the market consensus pointed to just $ 606 million.

“They end up animating the sector, namely Pinterest, which additionally proves to be driven by two positive reassessments by investment houses”, explained the trader Millennium bcp Ramiro Loureiro, in a market note sent this afternoon. The social network for sharing photos rose 9,07% to $ 49,43.

Investor radar also included Thermo Fisher (+ 0,75% to $ 468,70), Evercore (+ 6,09% to $ 82,46) and Abbott Laboratories (-2,30% to 105,87 dollars), as they also released their latest reports and accounts.

On the other hand, Netflix closed with a drop of 6,92% to $ 489,05, following the 2,20 million paid subscribers that had more in the third quarter were lower than expected by analysts, who anticipated 3,57 , XNUMX million new subscribers. The earnings per share of the pay-TV platform streaming they also fell short: $ 1,74, when the market consensus pointed to $ 2,14.

As for the foreign exchange market, the euro appreciates 0,30% against the dollar, to $ 1,1857, and the pound sterling rises 1,51% against the United States currency, to $ 1,3140. XTB analysts highlight the fact that the pound has peaked in the past six weeks: $ 1,3162-

“Values ​​that they only saw last on September 8, after Bank of England Deputy Governor Dave Ramsden announced that interest rates will not fall below zero in the near future, as the economy UK and the financial system are already continuing to fight the effects of the pandemic. However, the central bank will maintain the adequacy of negative interest rates under review and will use them if necessary ”, they explain, in research.

In relation to oil, the value of WTI, produced in Texas, drops 4,12% to $ 39,98 per barrel, while the price of Brent's barrel is devaluing 3,38% to $ 41,70.

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