US stocks: Negative indices, weigh profit taking – La Stampa

          

The New York Stock Exchange opened the meeting in decline after the recorded record yesterday. The Dow Jones sells 0.2%, the S & amp; P 500 0.3% and the Nasdaq Composite 0.5%.
A Wall Street weigh profit taking and fears of a rate hike. William Dudley, president of the New York Fed, said the US central bank could increase the cost of money in September.
In July, the consumer price index was unchanged on a monthly basis, following the progress of the 0.2% registered in June, compared with a 0.1% increase estimated by economists. On an annual basis the reading is for a 0.8% decline compared to the progress of June and 1.0% against 0.9% consensus. The core index (excluding energy and food), however, increased by 0.1% per month, compared to 0.2% expected an unchanged reading compared to June, and 2.2% per annum (2.3% in the June figure and consensus).
in July building permits totaled 1,152,000, compared to 1,153,000 in June and economists’ expectations for a reading of 1.16 million. On a monthly basis the change amounted to a decline of 0.1% against progress by 1.5% in June and increased 0.6% consensus.
Housing starts were up monthly 2.1% in July to 1.21 million units on an annual basis, compared to 1.18 million consensus. The figure is slower than the increase of 5.1% recorded in June but compared with the decline of 0.8% expected by economists.
In July, industrial production recorded a monthly growth of 0.7% compared to 0.4% in June and 0.3% expected by economists. Manufacturing production increased in the EU by 0.5% against 0.3% consensus that estimated an unchanged reading compared with June.
On the corporate front Home Depot + 0.6%. The retailer of household goods has revised upwards its estimates of profit for 2016 to $ 6.31 per share against $ 6.27 indicated in previous guidance. In the second-quarter profits rose to 2.44 billion ($ 1.97 per share) from 2.23 billion a year earlier, while revenue increased by 6.6% to 26.47 billion. Analysts had expected an EPS of $ 1.97 on revenues of 26.49 billion.
Berkshire Hathaway -0.1%. The holding company of billionaire Warren Buffett increased its stake in Apple (+ 0.45%) to 15.23 million shares (from 9.81 million) and reduced the stake in Wal-Mart Stores (-0.4%) to 40,230,000 shares (from 55.24 million).
Praxair + 5%. According to sources cited by the Wall Street Journal, the industrial gas producer would be negotiating the purchase of German rival Linde.

(RV)