6 August
S&P 500 opened this week with decline
On Monday, US stock index fell by 0.72% after the markets resumed work following the long holiday weekend. Persistent concerns regarding the lack of direct trade talks between the US and China are still weighing on investor sentiment. Continued US tariff negotiations with other leading trade partners are not yet helping to stabilize the situation.
Over the weekend, Federal Reserve Bank of Chicago President Austan Goolsbee warned that new high duties on imports could lead to a “collapse” of economic activity in the US by summer.
Meanwhile, market participants are gearing up for a busy week. More than 100 companies from the S&P 500 list, including tech majors Tesla and Alphabet, are expected to report in the coming days. Verizon, AT&T, Boeing, American Airlines, and Intuitive Surgical are also to release their reports.
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