On the US stock market decline

On the US stock market decline

The stock market in the United States dipped slightly because of reports about the decline of yield JPMorgan and Bank of America.

In particular, JPMorgan CFO Marianne lake said that the recession caused by low volatility in comparison with last year, when Britain was preparing to vote on a Brexit. In turn, the Executive Director of Bank of America (BAC.N) Brian Moynihan said that profit for the second quarter will depend on the reduction of earnings from trading, which declined more than expected. In the end, 7 of the 11 major criteria of S & P were lower, and the index is the financial index decreased by 1.3 %, which led to the decline.

In addition, in the morning of Wednesday, the Dow Jones Industrial Average .DJI has decreased by 46.17 points, or 0.22 percent, at around 20 983,3, the S & P 500.SPX was down 5.15 points, or 0.21 %, staying at around 2,407,76 and the Nasdaq Composite .IXIC dropped 27,40 points, or 0.44 percent, — 6,175,79.

Now everybody is waiting for news from the Federal reserve, which periodically publishes reports on the state of the economy. All traders are hung in anticipation of rising interest rates next month. As reported by Thomson Reuters, currently, the bidders see 86,6% chance of a rate hike .