Wednesday, August 31, 2016

Wall Street ended slightly lower, depressed by oil – Boursorama



Wall Street ends down slightly (GETTY IMAGES NORTH AMERICA / AFP / File / SPENCER PLATT)

Wall Street ends down slightly (GETTY IMAGES NORTH AMERICA / AFP / File / SPENCER PLATT)

According to provisional results at the close, the index Dow Jones Industrial Average Featured yielded 53.42 points 18,400.88 points and the Nasdaq, dominated by technology, 9.77 points 5213.22 points. The broader S & amp; P 500 was down 5.17 points, or 0.24%, to 2170.95 point

Main item of the day, “the energy sector is. found under the pressure of unfavorable government figures on oil reserves, “highlighted in a note experts from the brokerage Charles Schwab.

oil prices have lost about a dollar and half a barrel after the announcement by the department of Energy (DoE) to a stronger than expected weekly increase reserves in the United States.

Otherwise, investors have faced a mixed schedule with US indicators, the favorable side, a jump in home sales in July promises. Importantly, job creation has been a little more than expected this month the private estimated the ADP group, which seems to bode well for the days before official government figures.

in a less engaging, “investors reacted to an index of activity in the Chicago area that, while not disastrous, is more degraded than expected” in August, said Chris Low, of FTN, seeing “the only regional index on the industry that commands attention at the national level.”

All of these have, in any case, hardly moves markets that were finishing quietly August and remain cautious before Friday’s employment numbers.

“It does not happen much and exchanges are very limited, as would be expected at the end of summer and the approach of a long weekend “extended by the US Labour Day Monday acknowledged Mace Blicksilver of Marblehead Asset Management.

However,” volatility starts return “, estimated Mr. low, noting that the movements became a little more marked in recent sessions on Wall Street.

the bond market retreated slightly. Around 8:20 p.m. EDT, the yield on 10-year Treasury rose to 1.577% against 1.567% Wednesday night, and that good for 30 years at 2.232% against 2.231% previously.

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