Morgan Stanley is staying bullish on shares of Apple, viewing the iPhone maker as a beneficiary during both difficult and improving economic cycles. Lea la cobertura del mercado de hoy en español aquí. The Dow is still higher by 0.45% for the month, while the S&P and Nasdaq are still up by 2.33% and 4.69%, respectively. Investors had been enjoying strong upward momentum for stocks since the start of the year, although many had begun to doubt the market's strength even before Wednesday's slide. Economists surveyed by Dow Jones expected a 0.1% decline. The PPI showed a 0.5% decline for December. Investors also weighed the latest reading on the producer price index, which measures input costs from companies. The report suggested consumers are slowing their spending, with department stores reporting a 6.6% decline and online sales dropping 1.1%. In economic data, investors digested the latest retail sales numbers, which showed a drop of 1.1% in December, slightly more than the 1% forecast. The stock fell, contributing to the Dow's decline. Shares of regional banks like Zions and Fifth Third posted bigger losses.Įlsewhere, Microsoft announced plans to lay off about 10,000 employees, which hurt investor sentiment. Treasury yield slid to its lowest level since September. JPMorgan, Bank of America and Wells Fargo fell as the 10-year U.S. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit
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