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

Tue, 18 Sep 2012 13:05:04 GMT

Nickel climbed despite supply glut

Industrial metals apart from nickel retreated on profit booking after last week's rally. Moreover, growth concerns in Eurozone and China created heavy selling pressure on the base metals' pack. Aluminum  went lower on rising cautiousness among investors amid uncertainty over Spain's bailout. Over the weekend thousands of people in Spain protested over budget spending cuts. Copper slid almost one per cent on

Tue, 18 Sep 2012 12:34:04 GMT

Platinum fell as Anglo American resumes operations in South Africa

Precious metals halted their rally on Monday as markets already priced in Fed stimulus measures announced last Thursday. Stronger US Dollar also added pressure on the commodity group. Meanwhile, lingering worries over instability in Spain after thousands of people protested against austerity measures over the weekend also pressurized precious metals. Gold slumped on profit-taking after recent soar on long-awaited Fed easing

Subscribe to "Fundamental Analysis" feed

Subscribe
Per scoprire di più sulla piattaforma di Dukascopy Bank per Forex/CFD, sul SWFX ed altre informazioni relative al trading,
la preghiamo di contattarci o richiedere di essere contattato (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.
Per scoprire di più sulla piattaforma di Dukascopy Bank per Forex/CFD, sul SWFX ed altre informazioni relative al trading,
la preghiamo di contattarci o richiedere di essere contattato (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.