After losing almost three percent over the past four sessions, the S&P 500 rallied on Tuesday, as some retailers reported estimate-beating growth.
All three major U.S. stock indices fell Monday, as investors await the release of the Federal Open Market Committee’s minutes.
As of early Friday afternoon, stocks are heading lower, extending what was already the S&P 500’s worst week of 2013 so far.
Economic Data Lowers Stocks (Bloomberg) Continued concern over when the Federal Reserve will reduce its stimulus combined with bond yield-raising economic data to give U.S. stocks their biggest one-day drop since June. “With weaker earnings, higher interest rates and geopolitical concerns, risk assets like stocks don’t do well in that type of environment,” Jim Russell, […]
Stocks fell today, influenced by two factors: Macy’s Inc. reduced its earnings forecast, reflecting a drop in retailers. The second factor in the stock slide was that economists predicted the Federal Reserve will begin to taper its bond purchases next month.
U.S. stocks fell today, sending the S&P 500 to its fifth drop in six sessions. This was due in part to data which indicated a slowdown in Japan’s economic growth, as well investors who await tomorrow’s report on American retail sales.