Tumblelog by Soup.io
Newer posts are loading.
You are at the newest post.
Click here to check if anything new just came in.
fideljazy

Stocks Keep Falling After Gdp Miss - Yahoo Finance

Stocks skid for second month; Dow falls 250 pts - Yahoo Finance

Bonds and gold are climbing United States gross domestic product rose 2.6 percent in the fourth quarter, missing estimates for expansion of 3.2 percent. Weaker business spending and increased imports were to blame. The news comes asthe S&P 500 swings between long-term support around 2000, where it bounced sharply yesterday, and resistance around 2065. Today's sellers are looking past strong quarterly results from companies such as Visa and Amazon.com. V is up 4 percent after beating estimates and announcing a 4-for-1 stock split.
Source: http://finance.yahoo.com/news/futures-bleed-lower-gdp-131158781.html

However, Paul Ashworth, Senior U.S. Economist at Capital Economics, noted that the jump in GDP in the third quarter included a "suspicious looking" 16.0 percent spike in national defense spending, which was followed by a 12.5 percent drop in the fourth quarter. "Without that spike, which we're pretty sure is just due to poor seasonal adjustment, third-quarter GDP growth would have been 4.3% and fourth-quarter growth would have been 3.2%," Ashworth said. "This is a more accurate gauge of the 'slowdown' in the pace of growth." Traders have largely shrugged off separate reports showing consumer sentiment at an eleven-year high and an acceleration in the pace of growth in Chicago business activity. Despite the pullback by the broader markets, shares of Amazon ( AMZN ) have moved sharply higher on the day, with the online retail giant surging up by 12.6 percent.
Source: http://www.nasdaq.com/article/stocks-remain-mostly-negative-in-midday-trading--us-commentary-20150130-00597

Stocks Remain Mostly Negative In Mid-Day http://www.todayhotstocks.com Trading - U.S. Commentary - NASDAQ.com

economic growth slowed sharply in the fourth quarter and Russia's central bank unexpectedly cut is benchmark interest rate."Russia has joined the QE party; I'm not sure that helped," said JJ Kinahan, chief strategist at TD Ameritrade."It means the crude situation is having a bigger effect than many would like to acknowledge," Kinahan said of the surprise move, which indicates the Bank of Russia is shifting its priorities from curbing rising inflation and backing the rouble to supporting economic activity. Already deep under water, stock futures retained stiff losses after the Commerce Department reported gross domestic product expanded at a 2.6 percent annual rate after the third quarter's 5 percent jaw-dripping pace. Analysts had projected the economy would expand at a 3 percent rate in the final quarter of 2014. "We got a bit of a disappointment with the GDP numbers.
Source: http://finance.yahoo.com/news/us-stocks-decline-dow-falls-204945173.html

Stocks May Open Sharply Lower On Disappointing GDP Data - U.S. Commentary - NASDAQ.com

economic growth slowed more than expected in the final three months of 2014. The report said U.S. gross domestic product climbed by 2.6 percent in the fourth quarter following the 5.0 percent jump seen in the third quarter. Economists had been expecting GDP to increase by a somewhat more substantial 3.2 percent.
Source: http://www.nasdaq.com/article/stocks-may-open-sharply-lower-on-disappointing-gdp-data--us-commentary-20150130-00351

Don't be the product, buy the product!

Schweinderl