Divided Wall Street by Harvey

Divided Wall Street by Harvey

World August 28, 2017 22:03

- The stock exchanges in New York were closed on Monday with minor results. The various stock market surveyors fell slightly below and above the closing positions of Friday.

Investors processed the tropical storm Harvey, which caused a lot of damage to the energy sector in Texas. Insurers and job companies were also in the spotlight.

The Dow Jones index ended a fraction lower at 21. 808.40 points. The broad S \u0026 P 500 increased 0.1 percent to 2444.24 points and the technology grade meter Nasdaq dropped 0.3 percent to 6283.02 points.

The hurricane Harvey, which has now been stormed down to tropical storms, has estimated approximately 15 percent of the total US oil winnings temporarily. It is based on further disturbances due to the barren weather that the region is still waiting for. The oil companies Exxon Mobil and Chevron were 0.3 and 0.4 percent lower, but sales in the energy sector have not yet been discussed.

Insurers were more under pressure because of Harvey, even though many Americans are badly insured against water damage. Estimates of material damage range from 24 billion to 40 billion dollars. The insurers Progressive and Travelers dropped 2.3 and 2.6 percent.

Whoever seems to spin yarn at storm Harvey are DIY chains and other companies that sell tools and crafts. Lumber Liquidators rose 4.4 percent, Lowe's 0.6 percent and Home Depot 1.2 percent.

In the rest of the companies, Kite Pharma jumped above it with a profit of almost 30 percent. Pharmaceutical Gilead is planning to take over his industry leader for nearly $ 12 billion. Gilead increased 1.2 percent.

Online Travel giant Expedia dropped 4.5 percent on news that topman Dara Khosrowshahi agreed to lead Uber. The news has not been confirmed yet.

The euro was worth $ 1,1979, against $ 1,1990 at closing European exchanges earlier this day. A barrel of American oil dropped 2.4 percent in price to $ 46.70. Brent oil cost 0.8 percent less at $ 52.01 per barrel.

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