Market Update: Dow Jones Ends Lower Yet Again

  • Nov 15, 2018 AEDT
  • Team Kalkine
Market Update: Dow Jones Ends Lower Yet Again

It seems like the stock of Apple Inc (NASDAQ: AAPL) primary driver of the US stock markets. The direction in which the stock goes, the same direction is opted by the markets. On November 14, 2018, Dow Jones Industrial Average ended the session at 25,080.50 which implies that the markets have witnessed the fall of 205.99 points or 0.81% and thus, weighing heavily on the investors’ sentiments. The investors are already been dealing with lots of macroeconomic factors and further downtrend in the markets is just making the situation worse. The primary reason which fuelled the negative momentum in Dow Jones was the strong downtrend in the stock of Apple. The stock price settled at US$186.80 which reflects that the price has fallen US$5.43 per share or 2.82%. The primary reason which has been impacting the Apple stock is that companies which are in the business of producing chips, as well as other parts which are used in the iPhones, have witnessed weaker forecasts lately. Moreover, the market participants are also concerned about the sales of the iPhones which is also adding to the negative momentum of the Apple stock.

For How Long the Oil Prices Would Continue to Fall?

The investors are also worried about the strong downtrend in the oil prices. On November 15, 2018, the oil prices witnessed a decline mainly because of the increased supply concerns. A rise in the US inventories has added to the downtrend in the oil prices. The market players are expecting that the consumption of the oil is expected to decline which would further lead to lower demand and thus, leading to a situation of increased supply. The players whose business activities revolve around oil are have also stated that the demand is likely to be impacted. The economic conditions of China have witnessed the strong negative impact which also the primary reason for the downward trend in oil prices. Why? This is because China happens to be the leading oil importer. Amidst these concerns for the lower demand, the oil supply has been increasing primarily because of the increase in the production of the US crude oil. The market players are of the view that the producers are witnessing the situation of increased barrels than they can sell. Therefore, an increase in the oil inventories is being witnessed. In addition to these, the OPEC or Organization of the Petroleum Exporting Countries is in the talks of reducing the supply.

Australian Markets ended More or Less Flat

S&P/ASX200 ended the session on November 15, 2018 at 5736 which implies a marginal rise of 3.2 points or 0.1%. Talking about the gainers of the session, G8 Education Limited (ASX: GEM) ended the session by advancing 11.618% while Appen Limited (ASX: APX) rose 11.549%. On the other hand, Syrah Resources Limited (ASX: SYR) and Aveo Group (ASX: AOG) wrapped up the session by witnessing the decline of 5.307% and 4.412%, respectively.

REA Group Limited (ASX: REA) came forward and made an announcement that Tracey Fellows would no more be acting as the CEO or chief executive officer of the company from January 2019 and would be taking the charge of President of Global Digital Real Estate, News Corp. Read the full post here. Navitas Limited (ASX: NVT) today conducted their annual general meeting or AGM in which primarily they discussed about the financials for FY 2018. Read the full post here. Renowned investor, Warren Buffett has increased its investments in the financial sector as he has invested $4 billion JPMorgan (NASDAQ: JPM). Read the full post here.


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