Daily Report 24.08.2022
Objavljeno: 24. 08. 2022

Dow ends in red as signs of slowing growth weigh; European markets close lower as investors monitor oil prices, data; euro at 20-year low 
Both the Dow and the S&P 500 declined for a third straight session Tuesday amid relatively thin trading volumes. The Dow Jones Industrial Average slipped 0.5%, or 154 points, the Nasdaq was flat, while the S&P 500 slipped 0.3%. 
Shares of Nordstrom dropped more than 13% in extended trading after the company slashed its financial forecast for the full year. Nordstrom said it’s challenged by excess inventory as well as a slowdown in demand. 
Zoom Video Communications plunged more than 16% after slashing full-year guidance following mixed quarterly results as the videoconferencing software company struggles with increased competition and waning demand seen during the pandemic. 


The pan-European Euro Stoxx 600 provisionally ended down 0.5%, despite oil and gas stocks bucking the trend and pushing higher. Health care and media stocks led the losses, both closing down around 1.6%. Meantime, oil & gas stocks ended up 3.1%. 
Benchmark gas prices in the European Union spiked 13% overnight, as damage to a key pipeline system running oil from Kazakhstan through Russia and into Europe disrupted supply. 
August flash PMI (purchasing managers’ index) readings out of the euro zone, which showed that business activity contracted for a second straight month. 
Source: CNBC, Investing.com