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US stocks little changed in early trading

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Nov 18, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Mumbai) - The major indices in the US are little changed in early trading after a mixed batch of US economic data and amid a sharp rise in the European stocks.

    At the time of writing, the Dow Jones Industrial Average (DJIA)was up 11 points, or 0.1%. The Standard & Poor's (S&P) 500 rose 0.1% and the Nasdaq composite index gained less than 0.1%.

    The US stocks fail to strengthen as oil prices continued to drop along with Copper, which trades at six-year lows. Consequently, the DJIA Oil and Gas index, Industrials index and Utilities index trade with losses.

    Among DJIA stocks, Caterpillar and Exxon Mobil lost 1.4% and 0.8% respectively. Shares in Walmart and Home Depot rose 2.7% and 3.3% after the respective earnings were upbeat.

    Across the pond, the pan-European Stoxx Europe 600 up 2.1%. The rally is more of a symbolic in nature; a sign that Paris attacks have failed to terrorize the markets.
    For more information, read our latest forex news.
     

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