Tag: us stock market news

The time for waiting is now done with. After a two month surge on the part of the US stock market, the day of reckoning is almost upon us. Some investors, having put their money where their mouth is, will now see if they got their hearts deepest, darkest, desire; an increased say for the Republicans in the White House and loads of money for nothing. The American stock market have factored in the Republicans winning more seats thanks to the mid-term elections and many investors have their fingers crossed over this as it is a prospect that will be received as being largely business-friendly. Couple that with the Federal Reserve pumping billions through quantitative easing and purchasing Treasury debt and you will understand just why it is the final countdown for many that have invested themselves in this scenario. Tuesday is the day we understand the power-play of politics and just how it  [...]

The inevitable finally happened. After a six day rally US stock markets saw a decline on Thursday. The Dow declined by 94 points (0.9%) to end at 10,197.47 points. Other indices like the S&P and Nasdaq Composite also registered a decline. S&P declined by 11 points (1%) to close at 1,087.24, and the Nasdaq composite declined by 18 points (0.8%), to end at 2,149.02. The Dow had earlier increased by more than 500 points (5.3%) to reach 13-month high. All sectors registered a decline with the energy and financial stocks registering the maximum decline. Energy sectors declined on the background of lower oil prices which declined by 3% to settle at $76.91 per barrel. The other declining sectors include Financials (down by 1.8%), Utilities (down by 1.3%), Industrials (down by 1.0%), Consumer Discretionary (down by 1.0%), Telecom (down by 0.8%), Materials (down by 0.6%), Health Care (down  [...]