US stocks fell on weak manufacturing data

Note: This section contains information in English only.
Source: Dukascopy Bank SA
US stocks retreated on Tuesday amid weak US data releases. US construction spending dropped by 0.9% in July on a monthly basis while US manufacturing contracted for the third consecutive month in August. However, hopes that the Fed will provide monetary stimulus continued to lend support for the US equities. The S&P 500 Index lost 0.12% to close at 1,404.94. Six out of ten sectors within the index climbed. The biggest gainers were telecommunication and utility companies. CenturyLink and Union Pacific rose 1.11% and 0.68% while NRG Energy and Consolidated Edison gained 0.89% and 0.43%. Apple also moved higher by 1.49% after inviting reporters to the event next week at which the company is likely to present its iPhone 5. Sending the US stock index lower, basic materials and oil and gas companies fell. Airgas and Ball Corp slid 0.99% and 0.92% while Alpha Natural Resources and Baker Hughes slumped 6.90% and 2.06% amid weak oil prices.

 

Back to articles

Actual Topics

Wed, 05 Sep 2012 09:58:28 GMT

Dow Jones Index slumped after US PMI release

The Dow Jones Industrial Average Index slid 0.42% to end Tuesday's session at 13,035.94. Dismal US economic data releases coupled with increased risk-aversion ahead of the ECB press conference due on Thursday created heavy pressure on the US blue chips. However, persistent expectations that the Fed will loosen its policy limited the downswing of the Dow Jones Index. Four in

Wed, 05 Sep 2012 09:36:28 GMT

Corn rose ahead of weekly USDA report

Rural commodities were mixed on Tuesday amid better weather conditions in the US. Market participants also awaited weekly USDA report, showing harvest progress and crop conditions due on Tuesday after the bell. Wheat declined as cooler and wetter weather in the US southern Great Plaints may allow farmers to seed winter wheat starting from September. Moreover, absence of export limits

Subscribe to "Fundamental Analysis" feed

Suscribir
Para conocer más sobre la plataforma de Trading de CFD y Forex de Dukascopy Bank, SWFX y otras informaciones relacionadas con el Trading,
llámenos o haga una solicitud de devolución de llamada.
Para obtener más información sobre la posible cooperación, por favor llámenos o haga una solicitud de devolución de llamada.
Para obtener más información sobre las opciones binarias de Dukascopy Bank / La plataforma de operaciones de Forex, SWFX y otra información relacionada con el Trading, por favor llámenos o solicite una devolución de llamada.
Para conocer más sobre la plataforma de Trading de CFD y Forex de Dukascopy Bank, SWFX y otras informaciones relacionadas con el Trading,
llámenos o haga una solicitud de devolución de llamada.
Para obtener más información acerca de la plataforma de operaciones Crypto Trading / CFD / Forex, SWFX y otra información relacionada con el comercio,
llámenos o realice una solicitud de devolución de llamada.
Para obtener más información sobre Business Introducer y otra información relacionada con el comercio,
llámenos o realice una solicitud de devolución de llamada.
Para obtener más información sobre la posible cooperación, por favor llámenos o haga una solicitud de devolución de llamada.