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The major US indices fell from the start of the first trading day of the week, but ended in positive territory.
In April, the US stock exchanges collected large parts of the crowns this winter. However, the second trading day in May, Monday, started negative.
Carlo Allegri / X90181
published:,
The development came in light of the fact that the US Treasury Department. USA He declared to Norway on Monday night that he will borrow a record this quarter. They hope to borrow almost the equivalent of NOK 30 billion, which CNBC says is a record amount.
In a statement, the Ministry writes that the background is rising costs related to the crown pandemic and support reforms targeting households and businesses.
Here’s how it ended on Wall Street on Monday:
- The S&P 500 rises 0.43 percent
- Dow Jones rose 0.11 percent
- Nasdaq rises 1.23 percent
Investors feared Monday the escalation of the U.S.-China trade war, after Donald Trump threatened new tariffs on Chinese imported goods, prompting the decline from the start.
United States Secretary of State Mike Pompeo on Sunday accused China of spreading the crown virus and said the country must be held accountable.
The airline’s shares fell
Several of the tech wrestlers last week presented their figures for the three months through March.
DNB Markets notes that there was little additional support to come out of the Apple and Amazon updates, among other things, after the company’s reports had helped the US stock market. USA At the beginning of last week.
– Combined with confirmation of weak key figures and growing concern about both further polarization linked to the closings and a new round of deteriorating relations with China, this sent the rates even further after weaker development on Thursday, He writes the brokerage in a report Monday morning.
Among individual stocks and sectors, aviation stocks fall widely after Warren Buffet said at the Berkshire Hathaways annual conference on Saturday that the company has sold all of its shares in United Airlines, American Airlines, Southwest Airlines and Delta Airlines, he writes. Infront TDN Direkt.
“The world has changed for airlines. I don’t know if Americans have changed their habits as a result of this, but I think some industries, like aviation, are really affected by a forced shutdown, “Buffett said, according to Infront TDN Direkt.
Shares of the airlines fell between 7 and 13 percent on Monday afternoon, Norwegian time, while the drop on Monday was somewhat moderate.
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– It is difficult to see that they are now buying stocks
“Sell in May”
The English saying “sell in May and stay away”, “sell in May and stay away” is perhaps one of the best known terms in the financial industry. The goal is to sell the shares in May, to avoid the historically more turbulent period from May to October. However, the old strategy is disputed by experts.
The US stock market fell on Friday, which was the first day of trading in May. Benchmarks fell between 2.8 and 3.2 percent. That’s also because of Trump’s threats to China.
The price of a barrel of North Sea oil (burned place) dropped approximately 1.2 percent to $ 26.28 at 3:30 pm Norwegian time on Monday.
