Market Update: Dow Jones Witnessed Significant Fall on January 3, 2018

  • Jan 04, 2019 AEDT
  • Team Kalkine
Market Update: Dow Jones Witnessed Significant Fall on January 3, 2018

It can be assumed that the new year has not started on the good when seen from the viewpoint of the broader US equity markets. The investors were earlier and even now fearing the global slowdown. As most of the market players might be knowing the technology giant, Apple Inc. (NASDAQ: AAPL), had reduced the revenues expectations for the fiscal Q1 2019 when compared to the earlier expectations. This reduction has increased the worries in the minds of the global investors of the global slowdown. The slowdown in the Chinese economy has indeed raised the fears and the economy of China got negatively impacted because of the trade battle with the United States.

On January 3, 2019, Dow Jones Industrial Average settled at 22,686.22 which implies the significant fall of 660.02 points or 2.83%. The weaker Chinese economy is indeed a matter of concern for global investors. The stock price of Apple Inc. ended yesterday’s session at US$142.19 per share which implies the fall of US$15.73 or 9.96%. This significant fall in the technology giant might have eroded the confidence of the global investors. The investors also need to know that the earnings season is also fast approaching in which some companies might give the outlook by considering the global macroeconomic environment.

Oil Prices to Remain Sensitive to Trade War Related News

The oil prices have remained sensitive to the numerous macroeconomic level factors as well as geopolitical worries. Since the market players might be aware that the oil markets primarily follow the movements of the equity markets, it can be assumed that the oil prices would remain sensitive to the trade war news moving forward. It is also to note that the efforts have been made to resolve the trade dispute. Moreover, another factor which would also impact the oil prices is the tensions related to the oil demand as the worries for the global downturn has increased after the hints that focus on the weaker Chinese economy.

Australian Markets Ended Slightly Down

The Australian markets ended marginally lower today. On January 4, 2019, S&P/ASX200 ended the session at 5619.4 which implies the fall of 14 points or 0.2%. It can also be said that the weaker Chinese economy is also detrimental to the health of the broader Australian economy. The Australian markets would also remain sensitive to the trade-war news moving forward. The stocks like Saracen Mineral Holdings Limited (ASX: SAR) and St Barbara Limited (ASX: SBM) ended the session in green by rising 4.967% and 4.612%, respectively.

On the other hand, the stocks like Speedcast International Limited (ASX: SDA) and Automotive Holdings Group Limited (ASX: AHG) ended the session by witnessing the fall of 5.763% and 5.281%, respectively. Hearts and Minds Investments Limited (ASX: HM1) came forward and gave an investment update. Read the full news here. Also, Capitol Health Limited (ASX: CAJ) had provided daily share buyback update. Read the full news here.

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