Stocks trying to recover from selloff – Yahoo Finance
Japan and China both fell more than 1 percent overnight following late declines in the United States. The S&P 500 initially rose yesterday but slid into the close after the Federal Reserve left its monetary stance unchanged. A potentially bearish technical backdrop is also developing, with the index range bound since the summer as its 10-, 20-, and 30-day moving averages turn negative. That could make some chart watchers think that momentum is turning lower. But several other catalysts may influence sentiment.
First, the scoreboard: S&P 500: 2,002.2, -27.4, (-1.4%) Nasdaq: 4,638, -43.5, (-0.9%) And now the, top stories on Wednesday: 1. The Fed will remain patient . In the Fed’s latest monetary policy statement the Fed said that it would still be “patient” in looking to raise interest rates, adding that the economy still continues to expand at a “solid pace” as labor market conditions continue to improve. The Fed did acknowledge, however, that inflation expectations have fallen “substantially” and that “international” developments bear monitoring, giving the statement what could be seen as a dovish tilt , which was not accompanied by a press conference from Chair Yellen. 2.
Stocks Fluctuate After Seeing Weakness In Early Trading – U.S. Commentary – NASDAQ.com
The S&P 500 initially rose yesterday but slid into the close after the Federal Reserve left its monetary stance unchanged. A potentially bearish technical backdrop is also developing, with the index range bound since the summer as its 10-, 20-, and 30-day moving averages turn negative. That could make some chart watchers think that momentum is turning lower. But several other catalysts may influence sentiment.
STOCKS COLLAPSE INTO THE CLOSE: Here’s What You Need To Know – Yahoo Finance
With the drop, the index has fallen to a three-year intraday low. The weakness among oil service stocks comes amid a continued decrease by the price of crude oil, with crude for March delivery falling $0.55 to $43.90 a barrel. Gold, natural gas, and steel stocks have also come under pressure on the day, while notable strength has emerged among airline, brokerage, and housing stocks. Other Markets In overseas trading, stock markets across the Asia-Pacific region moved mostly lower on Thursday following the overnight weakness on Wall http://www.todayhotstocks.com/ Street. Japan’s Nikkei 225 Index and Hong Kong’s Hang Seng Index both ended the day down by 1.1 percent.
Stocks Slide in Late Trading After Fed – Yahoo Finance
Quarterly revenue of $74.6 billion raced past the high end of Apples prior forecast of $66.5 billion, making this revenue beat its largest in at least the last 12 quarters. All credit goes to the iPhone, whose sales of 74.5 million units surpassed even Apples own internal projections, representing 46% growth from the year-ago quarter. iPhone pricing also remained robust, at $687 per unit, thanks to a richer mix toward the higher-priced iPhone 6 Plus and phones sold with greater storage capacity. Similarly, gross margin expanded 190 basis points sequentially, to 39.9%.