SwedenLivingWorld world_2_fill WorldBusiness BusinessSports sports-soccer SportsEntertainmentEntertain

Weapon manufacturers fell hard on Wall Street

» Updated: 16 July 2024, 16:22

» Published: 21 June 2024

Weapon manufacturers fell hard on Wall Street
Photo: John Locher/AP/TT

Movements in the indices were marginal on the American stock exchanges on Friday. The Dow Jones industrial index closed unchanged, while the broad S&P 500 index and the technology-heavy Nasdaq composite index both fell by 0.2 per cent.

Chip giant Nvidia, whose share has risen by more than 1,000 per cent since October 2022, fell for the second day in a row, now by 3.2 per cent.

Falling was also the case for arms manufacturer Smith & Wesson, despite the company reporting higher profits than analysts had predicted for the latest quarter. The share fell by 12.9 per cent. CEO Mark Smith sought an explanation in the fact that arms sales normally decrease during the summer.

Calculated over the entire past week, the Dow Jones rose by 1.6 per cent, the S&P 500 by 0.8 per cent, and the Nasdaq by 0.4 per cent.

Tags
TTT
By TTThis article has been altered and translated by Sweden Herald

More news

Most Up on Wall Street
1 MIN READ

Most Up on Wall Street

Cognac workers strike against barrel export
1 MIN READ

Cognac workers strike against barrel export

Crisis Expert Becomes Chairman of Northvolt One
1 MIN READ

Crisis Expert Becomes Chairman of Northvolt One

"Minecraft" takes a place in the amusement park
2 MIN READ

"Minecraft" takes a place in the amusement park

He becomes the new chairman of the Building Workers' Union
1 MIN READ

He becomes the new chairman of the Building Workers' Union

Norway opens up for tourist tax
2 MIN READ

Norway opens up for tourist tax

Danish weight loss success enters China
1 MIN READ

Danish weight loss success enters China

Minister pleased with authorities "stepping up"
1 MIN READ

Minister pleased with authorities "stepping up"

War escalation worried the stock market
2 MIN READ

War escalation worried the stock market

Cautious Consumers - a Challenge for Synsam
1 MIN READ

Cautious Consumers - a Challenge for Synsam

Svantesson: The Consumer Has a Great Responsibility
2 MIN READ

Svantesson: The Consumer Has a Great Responsibility

Fake ID apps spread among young people: "Well-made"
2 MIN READ

Fake ID apps spread among young people: "Well-made"

Mostly Upwards on Asian Exchanges
1 MIN READ

Mostly Upwards on Asian Exchanges

Media: Battle over Trump's Finance Minister Post
2 MIN READ

Media: Battle over Trump's Finance Minister Post

Google may be forced to sell Chrome
2 MIN READ

Google may be forced to sell Chrome

Tesla wins on the stock exchange in the USA
1 MIN READ

Tesla wins on the stock exchange in the USA

Internal Criticism: "Trying to Become the Fifth Bourgeois Party"
2 MIN READ

Internal Criticism: "Trying to Become the Fifth Bourgeois Party"

VW: In close contact with Northvolt
1 MIN READ

VW: In close contact with Northvolt

Insider conspiracy investigated – decision on prosecution imminent
2 MIN READ

Insider conspiracy investigated – decision on prosecution imminent

Viaplay's largest owner heading for the stock exchange
1 MIN READ

Viaplay's largest owner heading for the stock exchange