US Indices Trading News
Shares on Wall Street flattered to deceive today; opening brightly but plunging soon after despite US GDP figures coming in better than expected.
In the second quarter, April to June, US gross domestic product decreased at an annual rate of 0.7%. Analysts, in an earlier Reuters poll, had forecast a decline of 1.2%. This could [...]
US Indices Spread Betting
Wall Street fluctuated between gains and losses this afternoon following the release of mixed US macroeconomic reports. End of quarter portfolio rebalancing may have also contributed to the volatile session seen so far today.
The US trading day kicked off with better-than-expected house price data, yet the upbeat morale following these figures was tempered by [...]
Mergers and Acquisitions News Push US Markets Higher
The Dow and S&P 500 opened higher today as a raft of high profile merger news provided the market with a much needed shot of adrenaline.
‘M&A can be a driver of gains for the market,’ said Benoit de Broissia of KBL Richelieu Gestion. ‘It illustrates that industrials have the cash to invest and consider [...]
US Market Trading News Update
Wall Street fluctuated between gains and losses, as investors digested a medley of macroeconomic data.
The Commerce Department today unveiled a surprise 2.4% slump in orders for durable goods, after demand for aircraft plunged by 42% in August. The outcome was worse than Bloomberg’s median forecast of a 0.4% increase.
Excluding transportation, bookings for goods meant [...]
US Financial Market and Indices Trading Update
Wall Street opened modestly higher today, as better-than-expected US labour market data encouraged investors to take advantage of yesterday’s stock market dip.
The Commerce Department reported that the number of Americans filing first-time unemployment benefits (initial jobless claims) unexpectedly fell by 21,000 last week to 530,000, suggesting that the embattled US labour market is slowly beginning [...]
Wall Street Index Largely Unchanged Ahead of Fed Rates Decision
Wall Street opened cautiously today, with a dip in commodities neutralising positive expectations ahead of the Fed’s announcement due out around 6.15pm (London time).
Expectations are that the Fed is likely to keep interest rates unchanged, with most speculation focussing on possible comments about the wider economic outlook or changes to the government’s stimulus package.
The [...]
Rising Commodities Prices Boost Resource Equities
Wall Street made modest gains at the start of trading today, as rising commodity prices lifted resource shares.
Mining companies were in demand, as US Dollar weakness helped boost underlying commodity prices; three-month copper futures were up by 2.3% to $6,335 a metric ton, October Gold futures were 1.4% higher at $1018.2 per ounce and [...]
US Investors Fear Recent Rallies May Have Been Overdone
US equity markets kicked off the day in negative territory as investors fear the six-month rally might have been overdone and companies are now beginning to appear over-valued in relation to their earnings prospects.
‘The market is being really fuelled here by technicals and momentum,’ said David Rosenberg, economist at Gluskin Sheff & Associates in [...]
Quadruple Witching Fluctuates US Equity Markets
US equity market futures fluctuated between gains and losses this afternoon as a number of futures and options contracts get ready to expire.
‘The story today is quadruple witching, but we may not see as much volatility as usual, since most activity already took place this week,’ explained Peter Cardillo of Avalon Partners. ‘It’s going [...]
US Equity Markets Fluctuate After Contrasting Economic News
US equity markets fluctuated between gains and losses at the start of trading this afternoon, as an improvement in housing starts and jobless claims data lured investors back to the market. On the other hand, disappointing results from Oracle and FedEX encouraged others to take profits.
The number of US housing units on which construction [...]