USA NYITÁS: Az USA és Kína közötti feszültségek lehúzzák a Wall Streetet (Angol hír)

• Deteriorating relationship between the U.S. and China
• Verizon (VZ.US) reported better than expected quarterly earnings
• Intel (INTC.US) shares plunged 13% on disappointing Q3 guidance

US indices launched final session of the week lower, amid increasing tensions between the Washington and Beijing and concerns about the timing of the new coronavirus relief bill. China ordered US to close its consulate in Chengdu, in response to the US decision to close the Chinese consulate in Houston. President Donald Trump said that the rapid spread of Covid-19 in the US meant that the trade deal "means less" to him than at the beginning of the year. Meantime total number of coronavirus infections in the U.S. surpassed 4 million, doubling in just six weeks. 

Yesterday Senate Republicans scrapped their plans to release a proposal for the next coronavirus relief bill amid differences with the White House on unemployment insurance and direct cash payments. This caused concerns whether this relief bill, will be passed before Congress goes on recess in August. 

On the earnings front Honeywell International, American Express and Verizon all posted better than expected quarterly results.

When it comes to data, IHS Markit US Manufacturing PMI increased to 51.3 in July from 49.8 last month, slightly below analysts’ expectations of 52.0. The reading pointed to the biggest expansion in factory activity since January.

S&P500 (US500) launched today’s session lower and is currently testing upward trendline. Should break below occur declines could deepen towards 3172.9. Source: xStation5

Intel (INTC.US) posted better than expected second quarter results,  The company earned $1.23 per share excluding some items on revenue of 19.73 billion  while analysts' expected earnings of $1.11 per share on revenues of $18.55 billion. Intel's stock fell after the company posted disappointing third-quarter guidance and announced that ”7nm”-based CPU product timing is delayed.

Intel (INTC.US) stock dropped 13% in pre-market and  is currently heading towards pandemic lows at $45.21 per share. In case buyers regain control, local resistance is located at $53.13 per share. Source: xStation5

Verizon (VZ.US) - posted quarterly profit of $ 1.18 per share, while analysts expected earnings of $ 1.15 per share. Revenue beat forecasts as well. Verizon's wireless service and ad spending revenue was affected by the coronavirus pandemic.

American Express (AXP.US) earned 29 cents per share, compared to market expectations of an 11 cents per share loss. Revenue came in below forecasts. The company said spending volumes hit a low point in April, followed by a gradual rebound in May and June.

Honeywell (HON.US) – earned $1.26 per share, while analysts expected earnings of $1.21 per share. Revenue also beat expectations. The company said it will face ongoing sales challenges in certain segments due to the pandemic, including aerospace and oil and gas.

Mattel (MAT.US)— stock rose 5% after the closing bell as toy company released its quarterly financial results. The company recorded a loss of 26 cents per share excluding some items on revenues of $732 million, while analysts polled by Refinitiv expected a loss of 34 cents per share on revenues of $679 million. Company's quarterly net sales  declined 15% compared to the prior year.

Skechers (SKX.US)— stock jumped 9% in extending trading after the company released better than expected second-quarter financial results. The shoe company lost 44 cents per share on revenues of $730 million while Wall Street expected a loss per share of 66 cents on revenues of $660 million. The company’s owned e-commerce sales surged 428.2%.

Moderna (MRNA.US) stock fell 2% in extended trading after falling 9.49% earlier in the day. U.S. Patent and Trademark Office ruled Moderna does not have a claim to a patent held by a rival company - Canadian firm Arbutus, according to Stat News. The ruling could potentially delay Moderna’s progress on the coronavirus vaccine.

Disney (DIS.US) announced yesterday that its movie “Mulan” is delayed indefinitely. Also premiers of all Star Wars films and Avatar sequels have been postponed for one year due to theater closures and production shutdowns caused by the pandemic.