American indexes fell on Wall Street after decline of Facebook and Nike

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American indexes fell on Wall Street after decline of Facebook and Nike

September 05, 2018 - 09:40
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American indexes fell yesterday on Wall Street under pressure of declining shares of Facebook and Nike, Reuters reports. And this is despite of recent data that showed acceleration in manufacturing activity in August.

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American indexes fell yesterday on Wall Street under pressure of declining shares of Facebook and Nike, Reuters reports. And this is despite of recent data that showed acceleration in manufacturing activity in August.

Facebook’s shares lost 2,6% after one brokerage downgraded it and warned about further revenue growth pace slowdown.

Shares of other IT-companies, including Alphabet, Microsoft and Twitter, also fell. As a whole, S&P index for IT sector lost 0,3%.

Nike’s shares dropped 3,2% after the company faced critics of its last advertising campaign.

Investors also worry that the US and Canada cannot agree on their trade deal.

Dow Jones Industrial Average lost 0,05% to 25952,48, S&P 500 fell by 0,17% to 2896,72, and Nasdaq Composite dropped 0,23% to 8091,25.