US stocks wobble on banking shares weakness

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 17, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    Stock markets in the US are wobbly as weakness in bank shares is overshadowing moderate gains in the energy shares.

    At the time of writing, Dow Jones Industrial Average (DJIA) was trading largely unchanged on the day. The S&P 500 index was down 2 points, while the Nasdaq was down 23 points or 0.54%.

    Shares in UnitedHealth were down 1.8%, followed by a 1.2% loss in JPMorgan shares. Meanwhile, the winning side included names like Procter&Gamble, Wal-Mart stores, Fed-EX.

    The weakness in the stocks stands in stark contrast to fireworks witnessed in past following Fed’s dovish talk.
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