US stocks retreated as Fed stimulus effect fades

Note: This section contains information in English only.
Source: Dukascopy Bank SA
US stocks retreated on Monday on signs of deepening recession in the US. The New York manufacturing index continued to dip this month. Moreover, a boost created by long-awaited easing measures in the US started to fade. The S&P 500 Index lost 0.31% to close at  1,461.19. Four in ten sectors within the index climbed. The top-gainers were telecommunication and health care companies. Frontier Communications Company and Crown Castle International  gained 0.22% and 1.06%. Among health care firms, Aetna and Becton Dickinson advanced 0.23% and 0.32%, tracking gains of Iris International. At the same time, financials and basic materials dragged the index lower. Bemis and Cliffs Natural Resources dropped  1.18% and 7.00% while Comerica and Keycrop tumbled 1.88% and 1.44%.

 


 

Back to articles

Actual Topics

Subscribe to "Fundamental Analysis" feed

Souscrire
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.