US OPEN: U.S. markets start today's session lower

• Nasdaq loses at the start of today's session

•  Industrial production data supports a larger rate hike

• News from U.S. companies

Today's session on Wall Street started in a mixed mood. The main stock indices are currently trading with moderate declines. Investors' attention today was focused on data from the real estate market and industrial production. 

Data:

U.S. industrial production for July rises 0.6% m/m, with an expectation of 0.3% m/m, and with the previous decline of 0.2% m/m Capacity utilization rises to 80.3% against the previous 80%. The economy is doing well, which tends to point to another strong increase in the US. The question, however, is whether it is to be 50 bps or more likely to be 75 bps again.

US housing market data maintains downward trend!

US housing market data for July.

• Building permits. Actual: 1,67 million. Expected: 1.63 million. Previous: 1.7 million

• Housing starts. Actual: 1,44 million. Expected: 1.53 million. Previous: 1.56 million

Wall Street indices quote. Source: Bloomberg

Compiled charts of the US100 and VIX index on the D1 interval. The benchmark of technology companies starts today's session with declines. The VIX fear index is up nearly 0.4% right now. Source: xStation 5 

News:

• Home Depot (HD.US) shares are trading on a slight downside despite the release of better-than-forecast EPS earnings. Nevertheless, investor sentiment was weighed down by a decline in customer transactions. 

• Walmart (WMT.US) stocks went up 4.5% after second-quarter financial results. Source: Bloomberg

• Zoom Video Communications (ZM.US) shares are losing by Citigroup's truncated recommendation to "sell." 

• SnowFlake (SNOW.US) shares lose nearly 4% as Tiger Global Management downgrades its stake. 

• Ally Financial (ALLY.US) shares gain nearly 6%. Berkshire Hathaway (BRKA.US) increases its holdings. 

• Powerful rallies continue in shares of Geo Group (GEO.US), which remains the only company in the portfolio of Scion Asset Management, managed by Dr. Michael Burry.

News from companies in the S&P500 Index (US500). Source: Bloomberg