U.S. Markets Move Down on Thursday; Crude Oil Cools
Stocks in the U.S. markets move down in the day with profit booking after yesterday’s move. Yesterday’s gainers from the energy sector fell to take the S&P 500 index down. The index is down about 1% so far this month.
Alphabet and Amazon shares pulled down the tech-heavy NASDAQ 100, which has declined in six of the last seven trading days. Federal Reserve meeting is next week.
Stoxx Europe is up by 0.49%
Dow Jones is down by 0.37%
NASDAQ is down by 0.36%
Amazon To Double Payroll In Spain By 2025
U.S. online retail giant Amazon said on Thursday it has decided to double the payroll in Spain to 25,000 workers by 2025 from 12,000 last year. And it will raise the number of its logistics centers in the country to 40 by the end of this year from 31 now.
European Airlines Rise On Relaxation In Pre-Departure Covid Test
Shares of European airlines jumped on Thursday on reports of Europe’s plan to simplify mandatory pre-departure Covid-19 tests for entry into the region. EasyJet, British Airways owner IAG, and Wizz Air gained in Thursday’s trading session. Fully vaccinated people will receive quarantine-free travel to other countries.
Ryanair Raises Its Five-year Passenger Forecast
Irish low-cost carrier Ryanair said on Thursday that it is expecting to fly 225 million passengers a year by 2026, up from 200 million previously. It also said plans for ordering larger 737 MAX 10 jets are closed but will consider buying current-generation planes in small numbers or lease them.
U.S. Retail Sales Rises Unexpectedly
U.S Commerce Department reported on Thursday the retail sales jumped 0.7% in August against a revised 1.8% decrease in July. Without considering auto, sales rose 1.8% in August, the largest gain since last April. Back-to-school shopping and payments for millions of families with children had a major role in this jump.
Iran Approves J&J Covid Vaccine
Media reports say that Iran on Thursday approved Johnson & Johnson Covid-19 vaccine as the country faces the fifth wave of infections. Eight months ago, Iran banned imports of vaccines made by the US and Britain, but it has been accepting vaccines developed by Western companies but manufactured elsewhere. 13 million out of 83 million population have been fully vaccinated and in the past 24 hours, 18,021 new cases have been reported.
Cathie Wood Keeps Selling Tesla, Unloading $62 Million of Shares
Ace investor Cathie Wood’s exchange-traded funds continued to sell shares of Tesla, now having sold a total of $266 Million(~Rs 1,968.4 crores) worth of the company’s shares just in September. You can read about Cathie Wood here.
Just today, the investment trust sold over 81,600 shares in Tesla on Wednesday as understood from ARK Investment’s daily trading report. At yesterday’s closing prices, this sale alone was around $62 Million(~Rs 460 crores).