Put oil stocks on Wall Street

World December 1, 2017 14:48

- Scholarships started lower after Friday, after previous ecordances. Technology funds lag behind, but oil-related companies gained ground. Nevertheless, the Dow is on its way to the best weekstand of this year.

At a quarter to four the Dow scored a fraction in the red, just like the S \u0026 amp; P 500, technology fair Nasdaq was 0.3% lower.

On Thursday, a final vote in the Senate on tax reforms was postponed because issues remain to be resolved. Friday may be voted now. The far-reaching package of tax reforms provides, among other things, for lowering taxes for businesses and private individuals.

The technology sector seems to get hard again on Friday. Voorbeurs are tech funds such as Apple, Amazon, Alphabet, Netflix and Facebook in red. On Thursday, these companies continued to see a rebound in losses earlier this week.

Blue Apron

Furthermore, meal box deliverer Blue Apron can count on interest. The company has replaced co-founder and CEO Matt Salzberg with financial director Brad Dickerson. Blue Apron faced problems with production and warned against weaker growth.

Paint manufacturer Axalta can also start moving. According to insiders, AkzoNobel is still open to a merger with the Americans. Thursday, Axalta went down hard after the merger between the company and the Japanese Nippon Paint.

Ulta Beauty

The American chain of beauty and cosmetics shops Ulta Beauty faces a negative opening, under pressure from disappointing quarterly results and prospects.

In the macro-economic field, shortly after the start of trade, market researchers ISM and Markit will be providing information on the activities in American industry. Also, figures are reported on construction expenditure in the US.

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