The US stock market has fallen and closed. American Express (Amex), a major US credit card company that announced good financial results, was bought, but companies related to social media and advertising technology fell due to the financial results of US Snap, which operates the photo/video sharing application "Snap Chat". Pushed down the index.


However, all three major stock indexes continued to rise during the week. The Nasdaq Composite rose 3.3%, the S & P Composite 500 rose 2.4%, and the Dow Jones Industrial Average 30 rose 2%.


Snap is about 40% cheaper. In the second quarter financial results announced on the 21st, sales fell below market expectations.


On the other hand, Twitter turned back from the drop in the early stages and rose to 0.8%. In the second quarter financial results announced on the 22nd, sales decreased unexpectedly and a net loss was recorded.


The prices of Meta Platform and Alphabet also fell, falling 7.6% and 5.6%, respectively. It became the weight of the Nasdaq Composite.


Next week, in addition to Meta and Alphabet, Apple, Microsoft, and Amazon.com will announce their financial results.


By sector, telecommunications services and information technology fell 4.3% and 1.4%, respectively.


"Corporate earnings aren't as bad as we were worried about, but they're worse than we've seen in the last few quarters," said Bob Doll, chief investment officer at Crossmark Global Investments.


As of the morning of the 22nd, 106 of the 500 S & P constituents announced their financial results. Of that, 75.5% exceeded market expectations. According to Refinitiv, 81% of financial results for the past four quarters exceeded market expectations.


The market is paying close attention to next week's Federal Open Market Committee (FOMC) and Gross Domestic Product (GDP) announcements. The US Federal Reserve is expected to decide to raise interest rates by 75 basis points (bp) to curb inflation, and GDP is expected to grow again negatively.


The preliminary figures for the US General Purchasing Managers' Index (PMI) for July announced by S & P Global on the 22nd were 47.5, down from the June revised figure of 52.3, marking the milestone of economic expansion and contraction of 50. It fell below for the first time in about two years.


Meghan Horniman, CIO of Badens Capital Advisors, said, "It is being confirmed that economic indicators are softening and that there is a high possibility of a recession in the next year. Economic growth has slowed significantly and it has slowed down. With the FRB implementing a fairly aggressive tightening, the market is trying to figure out what it looks like. "


As for individual stocks, US telecommunications giant Verizon Communications is down 6.8%. On the 22nd, the full-year profit forecast for 2022 was revised downward. The number of monthly paying subscribers in the second quarter was lower than expected.


On the other hand, Amex is 1.9% higher. On the 22nd, it forecasts a full-year net income increase of 23-25%, up from the previous 18-20% increase.


The combined trading volume of the US exchange is 10.38 billion shares. The average for the last 20 business days was 11,530 million shares.


In the N. Y. market, the falling and rising ratio of 1.43: 1.


Closing price% from the previous day Opening price High price Low price code


Dow Jones Industrial Average 30 species 31899.29 -137.61 -0.43 32167.9 32219. 31731.


2 25 47

Previous business day closing price 32036.90


Nasdaq Composite 11834.11 -225.50 -1.87 12025.3 12093. 11767.


7 02 19

Previous business day closing price 12059.61


S & P 500 types 3961.63 -37.32 -0.93 3998.43 4012.4 3938.8


4 6

Previous business day closing price 3998.95


20 Dow Jones Transportation Averages 13811.15 -54.27 -0.39


Dow Jones Utility Average 960.95 +12.00 +1.26


Philadelphia Semiconductor 2842.41 -74.40 -2.55


VIX index 23.03 -0.08 -0.35


S & P Consumer Goods 1214.18 -8.03 -0.66


S & P material 472.06 -3.47 -0.73


S & P Industry 764.72 -2.35 -0.31


S & P Major Consumer Goods 761.15 +5.19 +0.69


S & P Finance 544.18 -3.23 -0.59


S & P Real Estate 264.62 +2.07 +0.79


S & P Energy 542.80 -4.83 -0.88


S & P Healthcare 1512.34 -5.85 -0.39


S & P Communication Service 187.88 -8.52 -4.34


S & P Information Technology 2400.75 -33.60 -1.38


S & P Utilities 352.85 +4.76 +1.37


NYSE trading volume 866 million shares


Chicago Nikkei Futures September Contract Dollar Denominated 27665 --225 Compared to Osaka


Chicago Nikkei Futures September Contract Yen-denominated 27640 --250 Compared to Osaka