(hooly-news.com) – After an indecisive start to the session, the US equity markets finally closed in green on Monday. Investors were somewhat torn between fears of a return to the Covid-19 epidemic and hopes of an economic recovery in V. On Sunday, WHO recorded the highest number of infections in one single day since the start of the pandemic. At the sound of the bell, the Dow Jones gained 0.59% to 26,024.96 points, the S&P 500 was awarded 0.65% to 3,117.86 points and the Nasdaq Composite gained 1.11% to 10,056.47 points.
The Covid-19 crisis weighed heavily on Tripadvisor activity. Thus, the turnover of the American group fell by around 90% in May and June 2020 compared to the same period of the previous year. Although activity will start to recover in June, the website, which offers tourist advice and advice from consumers, still expects its activity to fall by around 80% over a year. After a difficult start to the session, the Tripadvisor security finally closed close to break even at 18.18 dollars.
Economic figures of the day
Sales of existing homes came out at 3.91 million in May on an annualized basis, up from 4.33 million in April and a Briefing.com consensus amounting to 3.98 million.
The national activity index published by the Chicago Fed emerged sharply higher in May, which stood at 2.61. The consensus expected -4, from -17.89 in April (revised figure).
The values to follow today
American Airlines is seeking $ 3.5 billion in new funding. The American airline will be able to strengthen its liquidity in the context of the Covid-19 crisis. The stock is expected to fall sharply at the opening of the American equity markets.
The Covid-19 crisis weighed heavily on Tripadvisor activity. Thus, the turnover achieved by the American group in May and in June 2020 represents only about 10% of its activity during the same period a year earlier. For June 2020, the American group anticipates an income representing approximately 20% of that recorded in June 2019. At the end of May, Tripadvisor had $ 693 million in cash and cash equivalents, ie 105 million less than at the end March.
China Customs has announced the suspension of imports of poultry from a Tyson Foods plant in Arkansas where new cases of Covid-19 have been discovered. 481 workers at this plant tested positive, but only 26 of them had the disease syndromes.
UBS raised its Neutral to Buy recommendation and raised its price target from $ 130 to $ 135 on Walmart Inc. The Swiss bank stresses that the large distributor is about to accelerate the growth of its profits. For the analyst, the American giant is entering a phase of amplified revenue growth thanks in particular to an improvement in its productivity loop and the significant growth of e-commerce.
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