U.S. and European stock exchanges closed in the negative

Stock exchanges in the U.S. and Europe ended Tuesday in the red zone, which was contributed by negative news from a number of technology companies. In particular, Nvidia and Micron lowered their earnings forecasts, which led to a decline of their securities by 2.5 - 3%. At closing the Dow Jones lost 0.18%, S&P 500 lost 0.42% and NASDAQ lost 1.19%. In Europe DAX and CAC 40 were down 1.12% and 0.53% respectively, FTSE 100 was up 0.077%.

Besides, the investors' attention is still focused on the July U.S. inflation data release scheduled for today. According to analysts' estimates, it is expected to decline to 8.7% (a month earlier the indicator was 9.1%). If the results are worse than forecasts, a downturn in the markets is likely, said Lindsey Bell, an analyst at Ally Invest, whose opinion was quoted by Prime news agency with reference to Market Watch. In August the expert expects the increased volatility on the platforms in connection with a number of significant events, which should take place this month.