US stocks appear on track for third straight loss

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 24, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Joined:
    Oct 7, 2015
    Messages:
    27,524
    Likes Received:
    0
    US stocks fell in early trading as investors considered a possibility of an early rate hike amid weak economic data and falling oil prices.

    At the time of writing, Dow Jones Industrial Average (DJIA) was down 0.48% or 83 points. S&P 500 index and Nasdaq index traded 10 points or 17 points respectively.

    Shares in Goldman Sachs were down 2.3%, followed by a 2% drop in Boeing shares. DJIA oil and Gas index was down 1% as well. Meanwhile, the winning side included shares in Caterpillar; up 1.19%. Cisco and Wal-Mart stores also shined in the winners list.

    Buying interest in equities dropped as oil prices slumped for a third day in a holiday-shortened week. Furthermore, Fed’s Bullard was on the wires stating the Fed may be falling behind the curve.
    For more information, read our latest forex news.
     

Share This Page

free forex signals