Wall Street moved down after FOMC minutes

Source: Dukascopy Bank SA
The Wall Street closed in red after a release of the FOMC meeting minutes that showed the Fed may ease or even halt its growth-boosting activities earlier than planned. Furthermore, weaker-than-expected data from the US real estate market put pressure on US equities. The S&P 500 dropped 1.24% to close at 1,511.95. All industries included in the index slid. Meanwhile, some consumer goods companies moved higher, being supported by J.C. Penney Company Inc. and Monster Beverage Corp that advanced 2.96% and 1.99%. On the downside, Chesapeake Energy Corp. shed 0.59% after the board of directors announced it completed the review of Chief Executive Aubrey McClendon's dealings and found no wrongdoings. Garmin dipped 9.43% after posting a 22% decline in Q4 earnings. Nabors Industries sagged 7.39% as the firm reported that its earnings recovered in Q4 but lowered its earnings forecast for the first quarter. Newfield Exploration Company skidded 9.34% after reporting that the company swung to loss in Q4.
Back to articles

Actual Topics

Thu, 21 Feb 2013 12:37:04 GMT

US blue chips slid, Dow lost 0.77% on Wednesday

US blue chips finished lower on Wednesday amid concerns that the Fed may end its bond-buying program. Meanwhile, market participants remained cautious ahead of the key US figures due on Thursday. The Dow Jones Industrial Average Index slid 0.77% to end the session at 13,927.54. All but one industry plunged. The only gainers were telecommunication companies, with Verizon Communications jumping

Thu, 21 Feb 2013 10:37:04 GMT

Asian stocks plunge on concern Fed may scale back stimulus

Asian shares plummeted on concern the Fed may refrain from its monetary stimulus. The MSCI Asia Pacific Index declined 1.5% to 133.21 at 3:21 p.m. in Tokyo. Japan's Nikkei 225 Stock Average lost 1.4%, South Korea's Kospi Index fell 0.5% after climbing yesterday the most since September. Australia's S&P/ASX 200 Index declined 2.3% and Hong Kong' Hang Seng Index slid

Subscribe to "Fundamental Analysis" feed

Subscribe
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.