Equity markets in the U.S. and Japan have been trading in a
range-bound manner for the past two months after their rapid recovery
from October’s plunge. Though crude oil and related sectors continue to
experience pain, the broader market has held up fairly well. Of course,
Japan’s ongoing monetary stimulus program and Europe’s new 60 billion
euro per month QE program are likely helping to calm investors’ nerves
and keeping a bid under developed nation equities markets.
On Tuesday, the SP500 fell 1.34 percent and the Dow dropped 291 points or 1.65 percent due to a poor durable-goods order report and earnings disappointments from bellwether companies like Microsoft and Caterpillar. Microsoft stock fell 9.25 percent and Caterpillar fell 7.18 percent as the rising dollar and oil slump dealt a blow to its business. The Federal Reserve will conclude its two-day meeting on Wednesday, but no major policy changes are expected to be announced.
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On Tuesday, the SP500 fell 1.34 percent and the Dow dropped 291 points or 1.65 percent due to a poor durable-goods order report and earnings disappointments from bellwether companies like Microsoft and Caterpillar. Microsoft stock fell 9.25 percent and Caterpillar fell 7.18 percent as the rising dollar and oil slump dealt a blow to its business. The Federal Reserve will conclude its two-day meeting on Wednesday, but no major policy changes are expected to be announced.
Read more at Click Here / www.trade4x.net
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