US stock indexes ended trading lower on Wednesday as investors assessed the rise in oil prices and its possible impact on inflation. The increase in oil prices was caused by the plans of Saudi Arabia and Russia to extend the voluntary reduction of oil production until the end of 2023, which caused concern in financial markets. It also reduced risk appetite, and the yield on 10-year US government bonds came close to the multi-year highs reached earlier. Yesterday's statistics on the United States showed that the country's foreign trade deficit in July increased by 2% compared to the previous month – to $ 65 billion. According to the revised data, in June the negative trade balance was $63.7 billion, not $65.5 billion, as previously announced. Analysts on average predicted growth of up to $68 billion. Market participants are also waiting for the publication of the regional economic review of the Federal Reserve Beige Book on Wednesday and new data on the US labor market on Thursday. Stock market dynamics Promotions Amazon.com Inc. fell due to rumors of a possible antitrust lawsuit by the Federal Trade Commission (FTC) related to the violation of antitrust rules. Canadian pipeline operator Enbridge Inc. announced the acquisition of three American gas distribution companies from Dominion Energy in a $14 billion deal, which lowered the share price of Dominion Energy. Roku Inc. announced a 10% reduction in staff and raised its revenue forecast for the third quarter, which led to an increase in the value of its shares. Shares of Apple Inc. fell due to reports of a ban on the use of foreign brand devices at work by Chinese officials. Thus, the Dow Jones Industrial Average fell by 0.57% and amounted to 34443.19 points. The leaders of the decline in the index, in addition to Apple, were shares of Boeing Co., which fell by 2.1%. The Standard & Poor's 500 fell 0.7% to 4,465.48 points.
The Nasdaq Composite fell 1.06% to 13,872.47 points.
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