Daily Data Flow
S&P 500 Heads for Weekly Loss; Oil Rallies Two Percent; Yen Rises Against U.S. Dollar
S&P 500 Heads for Weekly Loss (Bloomberg) As of Friday afternoon, falling stocks look to pull the S&P 500 to its biggest weekly loss in more than a month. Contributing to the fall were investors pulling money from the market in anticipation of the Federal Reserve cutting its stimulus in the fall. “It’s been a […]
S&P 500 Snaps Three-Day Skid; Gold Rallies from Three-Week Low; Nikkei Falls to One-Month Low
S&P 500 Snaps Three-Day Skid (Bloomberg) After declining 1.1% in the past three sessions, the S&P rose Thursday, as better-than-expected Chinese trade data was reported. “It shows that the data is moving in the right direction, so at the end of the day that is a positive catalyst for stocks,” Anastasia Amoroso, Global Market Strategist […]
Potential Fed Cuts Lower Stocks; Nikkei Plunges, Yen Climbs; Oil Slides Lower for Fourth Consecutive Session
Stocks fell today, sending the S&P 500 to its first three-day drop since June 12, while investors speculated on when the Federal Reserve will trim its bond purchases this year.
S&P 500 Endures Sharpest Decline Since June; Fed Official Sees End of Easy Money; U.S. Trade Gap at Three-Year Low
S&P 500 Endures Sharpest Decline Since June (Bloomberg) As economists raised their expectations for second quarter growth, U.S. investors grew concerned over an end to quantitative easing and sent the S&P 500 to its lowest level since June 24. The DOW and Nasdaq also declined. “Certainly some of the move is due to increased concern […]
Stocks Fall on Fed Comments; Six-Month High for Service Sector Growth; Weak Payroll Data Boosts Gold
Stocks dropped from record highs today, as investors weighed stronger-than-forecast growth in service industries and comments from a Federal Reserve official that the central bank is closer to decreasing its monthly bond buying program.
Jobs Data Provides Market’s Small Gain; U.S. Dollar Falls to Session Lows Against Euro, Yen; Europe Rallies Heading into Weekend
Jobs Data Provides Market’s Small Gain (Bloomberg) July was host to a lower-than-expected number of jobs added, and investors took this data as a signal that the Federal Reserve will not trim its bond purchasing in the near future. As of early Friday afternoon, this situation has the S&P 500 on track for its biggest […]