RSS Feed (xml)

Powered By

Skin Design:
Free Blogger Skins

Powered by Blogger

Wednesday, October 08, 2014

Global Market

 US stocks ended sharply lower on Tuesday, with major indexes falling 1 percent in heavy trading, as weak data out of Germany are worried about the strength of global growth ahead of the start of earnings season.
The day's losses: all ten primary S&P 500 sectors ending lower,
 Industrial shares lost 2.4 percent, while financials shed 1.8 percent and material companies sank 1.8 percent.
Joy Global Inc fell 4.2 percent to $51.69 while Caterpillar Inc lost 3.4 percent to $94.70
Boeing Co lost 2.3 percent to $123.32.
With the day's decline, the S&P 500 fell back below its 100-day moving average, a sign of weakening near-term momentum. The CBOE Volatility index rose 11 percent to 17.2, 
The Dow Jones industrial average fell 272.52 points, or 1.6 percent, to 16,719.39, the S&P 500 lost 29.72 points, or 1.51 percent, to 1,935.1, ending at its lowest level since Aug. 12. The Nasdaq Composite dropped 69.60 points, or 1.56 percent, to 4,385.20.
Coca-Cola Co was the only one of the 30 Dow components to end higher on the day, up 0.7 percent to $43.92. The beverage giant moved within a dollar of its all-time intraday high of $44.44, hit on July 15, 1998.
Shares of Yum Brands Inc fell 0.5 percent to $69.35 in extended trading after the fast food chain operator cut its full-year outlook, citing weakness in Chinese sales.
Declining issues outnumbered advancers on the NYSE by 2,379 to 671, for a 3.55-to-1 ratio on the downside; on the Nasdaq, 2,188 issues fell and 516 advanced for a 4.24-to-1 ratio favoring decliners.
The benchmark S&P 500 index posted 8 new 52-week highs and 15 new lows; the Nasdaq Composite recorded 15 new highs and 188 new lows.
About 6.43 billion shares traded on all U.S. platforms, according to BATS exchange data, below the average of 7.27 billion over the past five sessions

No comments: