US stocks struggle in early trading

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Oct 14, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    FXStreet (Mumbai) - The US stock markets erased moderate again to trade flat after the weak US advance retail sales report, while the investors await third quarter corporate earnings.

    At the time of writing, the Dow Jones Industrial Average (DJIA) was trading largely unchanged around 17,0183 levels. The S&P too was unchanged around 2004.20 levels, while the NASDAQ was up just 2.5 points to trade at 4800 levels.

    The chipmaker Intel tanked 4% early Wednesday after reporting slightly weak earnings and revenue. Bank of America rose 2% after its results beat analysts' estimates. Shares in JPMorgan advanced 2.3%. Meanwhile, DuPont, Merck&Co, gained 0.7% each.

    The data released earlier today showed the household spending in September rose at a weaker pace. This led to a drop in the Fed rate hike bets and the US dollar.
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