Stock Exchange – Mixed Start in New York

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Following the positive closing of the previous day, trading began with mixed indices on Friday in the US securities markets.

In New York, the DJIA-30 index declined by 0.12 percent, the S&P-500 index by 0.22 percent, and the Nasdaq Composite by 0.41 percent at the beginning of Friday’s trading.
The fall in exchange rates spread from semiconductor sector companies to a broad range of shares. Broadcom, a semiconductor circuit manufacturer, has reported a much worse quarterly result than expected, and has cut back its annual forecast. Broadcom’s share in over-the-counter trading fell by nearly ten percent and the industry index fell by three percent. The other major semiconductor circuit companies, Micron Technology, Advanced Micro Technology and Applied Materials, also lost two and a half percent.
Wall Street’s investor sentiment has been burdened by disappointingly developing Chinese industrial production data. In May, industrial production in China grew by five percent year-on-year, at the lowest rate for 17 years. The weak data also pushed Chinese stock market indices to a loss on Friday.
However, their investors were positively assessed that US industrial production rose 0.4 percent in May instead of the expected 0.2 percent in May last year, compensating for the 0.4 percent drop in April.
The Oman Gulf incident on Thursday and Washington’s growing rhetoric have increased oil prices on Friday. At the beginning of US trading, Brent crude oil prices rose 0.57 percent, $ 61.66 per barrel, and WTI price rose 0.15 percent to $ 52.36.
However, the oil price, together with the strengthening of Thursday and Friday, is about a three percent weekly loss due to forecasts of the expected decline in demand.
The International Energy Agency (IEA) has reduced its forecast for global oil demand growth this year due to worsening prospects for world trade. In its monthly report published on Thursday, the Organization of Petroleum Exporting Countries (OPEC) also deteriorated this year’s forecast for global demand.
The dollar strengthened, the price of gold rose on Friday. The euro was down 0.35 percent weaker at $ 1.1236, and the price of gold rose to $ 1350.50 per ounce.

Record market capitalization of the 100 largest companies in the world The market capitalization of hundreds of the world’s leading listed companies rose to a record $ 21,000 billion, according to PwC’s Global Top 100 Survey.     In the one-year period from April last year, the market capitalization of one hundred leading companies increased by 5 per cent, slowing down from the 10 per cent growth one year earlier.     Technology and online commerce companies continue to dominate the narrow list, with seven companies in the top ten: US, Microsoft, Apple, Amazon, Alphabet and Facebook, plus two Chinese, Alibaba and Tencent .     For the fifth year in a row, 54 percent of the 100 largest companies in the US have increased their market capitalization by over 9 percent in one year.     China ranks second in the Global Top 100 despite Asian companies’ market capitalization declining by 4 percent over the past 12 months.     One year ago, Chinese companies increased their market capitalization by 57 percent. Then three new Chinese companies were placed in the Top 100 and two in the Top 10.     According to the latest PwC list, European companies’ market capitalization fell by 5 percent in one year and three companies fell out of the 100 list.      Microsoft tops the latest hundred list, after being third last year, and its market capitalization increased by $ 202 billion to $ 905 billion in one year.     Last year, Apple topped second place, with $ 45 billion in market capitalization and $ 896 billion in market capitalization.     In the top ten, four other companies are American, Amazon, Alphabet, Berkshire Hathaway and Facebook.     Chinese companies rank seventh and eighth in the list: Alibaba retained its seventh position, while Tencent slipped from last year’s fifth to eighth.     The top two places in the top ten are American companies again: ninth is Johnson & Johnson and tenth is Exxon Mobil.

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