The major US equity indices closed lower Monday on continued concerns over Greece’s debt concerns, despite a better-than-expected report on strong US manufacturing activity The ISM said its manufacturing index rose to 51.6% in September from 50.6% in August. Economists had expected the index to be unchanged. The Commerce Department reported spending for construction projects rose 1.4% in August.
The major US equity indices closed lower Wednesday as investors continue to focus on the resolution of the euro-zone’s debt trouble. Auditors are on the way to Greece to examine austerity measures designed to ensure that Athens receives the next round of aid. In corporate news, Amazon.com (NASDAQ:AMZN) shares closed 4.82% higher after the company unveiled its Kindle Fire Tablet computer, which will cost less than Apple’s (NASDAQ:AAPL) iPad and will be smaller.
Themajor US equity indices are trading lower Thursday as investors staged a flight from risk in global markets that sent US stocks to session lows in afternoon trading and put 10-year Treasury yields at 1940s levels, after a gloomy outlook by the Federal Reserve renewed fears of a global economic slowdown. The Labor Department reported today applications for jobless benefits decreased 9000 in the week ended September 17 to 423000. Economists had forecast 420000 claims, an expected steeper drop of 12000 from the previous weeks revised figure of 432000. This has been the fifth straight week more claims have been filed than expected
The major US equity closed mixed Tuesday as investors remained cautious with the European Debt Crisis still weighing on the market. The International Monetary Fund sharply downgraded its outlook for the United States economy through 2012 because of weak growth and concern that Europe won’t be able to solve its debt crisis, the organization said in its economic outlook Tuesday. In corporate news, Carnival Corporation (NYSE:CCL) reported Q3 of $1.71, better than analyst estimates of $1.63 per share. Revenues for the quarter rose 11.7% to $5.1 billion, better than consensus estimates of $4.91 billion. Union leaders from General Motors (NYSE:GM) factories around the county have approved a new four-year contract with the company
Themajor US equity indices closed higher Tuesday despite continued concerns over Europe. German Chancellor Angela Merkel expressed optimism that Europe would resolve Finland’s objections to rescue measures for Greece. The Labor Department reported US import prices fell 0.4% in August, largely due to lower energy costs.
The major US equity indices closed lower Tuesday on worries that Europe’s debt crisis will damage major banks in the region. Finance ministers from Germany, Finland and the Netherlands were meeting to talk about Finland’s request for collateral in aid for Greece. Lawmakers in Italy are set to debate an austerity proposal as its largest union called a strike.
Themajor US equity indices closed higher Tuesday, following the results from the latest meeting of the Federal Reserve and despite a disappointing report on consumer confidence. The Conference Board reported that its consumer-confidence index fell to 44.5 in August, from a slightly downwardly revised 59.2 in July. Economists had expected an August reading of 51.9. In corporate news, DSW Inc
Brian’s 2008 appearance on Fox Business
Themajor US equity indices closed lower Thursday on global economic worries and disappointing economic data reports. The Labor Department reported that unemployment claims rose 9000 to a seasonally adjusted 408000 in the week ended August 13. The Federal Reserve Bank of Philadelphia said that its business outlook survey fell to negative 30.7 in August from 3.2 in July, the lowest reading since March 2009. Officials at the New York Federal Reserve are “very concerned” about European banks facing funding difficulties in the US, according to a Wall Street Journal report, which cited a senior executive at a major European bank
www.keithspringer.com Author of Facing Goliath: How to Triumph in the Dangerous Market Ahead, Keith Springer appears live on Fox Business Network to analyze the decisions the Fed must make in the first ever Fed meeting after a downgrade.