Wall Street Overview
Shares on the stock exchange changed on Thursday, November 8, after the Fed dropped interest rates unchanged and after a Saturday afternoon rally.
The Dow Jones Industrial Average rose 51 points, ie 0.2% to 26,231, and the S & P 500 prematurely lost 0.1%, while the Nasdaq declined by 0.35%.
Mid-term stock took place on Wednesday, 7 November. Dow jumped by 545 points, ie 2.1%, to 26,180 and the S & P 500 ended at 2,813, the highest goal in four weeks. Nasdaq reached 2.6%.
The Federal Reserve System is expected Thursday to announce its decision on interest rates. Experts predict that the central bank will not raise interest rates at a meeting, but the Fed's speeches at a meeting next month. The Fed raised its prices in 2018 three times. The announcement is scheduled for 14:00. ET
Tesla Inc. (TSLA) rose 1.2% after an electric car company appointed Robyn Denholm as the chairman of the current board of directors.
Denholm is the CEO of Tesla and the founder of Elon Musk, who agreed to resign the three-year presidency in agreement with the Securities and Exchange Commission, based on misleading tweets that he claimed to have funding to make the company private.
Qualcomm Inc. shares (QCOM) declined by 7.2% when it was expected to be weaker than expected sales for the decade after Apple Inc.'s decision. (AAPL) on using Intel Corp. chips (INTC) on their new iPhone.
Qualcomm posted a loss of 35 cents per share for the three months ending in September, the fourth fiscal quarter, and said that one-off tax support would help boost fiscal revenue for the first quarter to $ 1.15 per share in revenue between $ 4.5 billion and $ 5.3 billion. Both figures, however, lacked forecasts from analysts, and the company said Apple's move to Intel chips would hit both the top and bottom lines.
Square Inc. Sales (SQ) in the third quarter of 13 cents per share exceeded expectations by 2 cents, but the payment company said it expects fourth quarter profit of 12 cents to 13 cents below analyst forecast by 15 cents. Net income of $ 431 million was over $ 414 million.
Square decreased by 9.7%.
D.R. Horton Inc. (DHI) reported quarterly earnings, despite warning that they see signs of "moderating" demand.
Stocks of Roku Inc. (ROKU) declined by 18.8% after the video streaming platform said it expects to report fourth-quarter fiscal results in the $ 4 million loss of profits of $ 3 million below analysts' forecasts for earnings of 7 million dollars.
Arris International PLC (ARRS) rose 10.1% to $ 30.59 after reaching an agreement with CommScope Holding Co. (COMM) at $ 31.75 per share. The agreement was valued at about $ 7.4 billion, including debt.
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