Monday 2 December 2013

US STOCK MARKET TODAY

''Stronger-than-expected manufacturing reports out of China, the U.K., the eurozone, and the U.S. were unable to support stocks in today's session, as the surprising increase in domestic activity spurred the Fed-tapering debate, and early estimates showing a decline in retail sales over the Thanksgiving holiday tempered enthusiasm to push stocks lower. Meanwhile, Treasuries finished lower following the mixed news, which included a larger-than-expected increase in October construction spending, while crude oil prices and the U.S. dollar were higher, and gold traded lower. In other news from the equity front, Dow Chemical announced the separation of a significant portion of its chlorine business''.

SOURCE;SCHWAB

Popular Posts