U.S. stocks closed rallied on Friday but finished lower for the week. Gains were seen after U.S. GDP came out on target increasing by 4.6% during the last quarter, this is the second strongest pace seen since the recession. Nike, a component of the Dow Jones, added 12 % after reporting that sales and profits soared with the World Cup. The company experienced its strongest one day advance since 2008. At session close the S&P 500 was 0.86% higher and the Dow Jones was 0.99% higher. U.S. Futures are currently lower as the market awaits Pending Home Sales and Personal Spending data coming later in the day.
Asian markets started the week mixed. The Nikkei increased 0.5% as the Yen weakened against the U.S. Dollar, trading at ¥109.35 compared to ¥109.01. The Hang Seng, however, dropped 1.9%, reaching their lowest close for two months following violent demonstrations which caused banks and businesses to close.
European markets are lower today following news that the European Central Bank will inject monetary stimulus to help the economy. Focus will be on Thursday’s Interest Rate Decision and Press Conference. Currently, the CAC 40 is down 0.51% while Germany’s DAX is off 0.35% and London’s FTSE 100 is lower by 0.16%.
September 29, 2014 – Indices News
U.S. stocks closed rallied on Friday but finished lower for the week. Gains were seen after U.S. GDP came out on target increasing by 4.6% during the last quarter, this is the second strongest pace seen since the recession. Nike, a component of the Dow Jones, added 12 % after reporting that sales and profits soared with the World Cup. The company experienced its strongest one day advance since 2008. At session close the S&P 500 was 0.86% higher and the Dow Jones was 0.99% higher. U.S. Futures are currently lower as the market awaits Pending Home Sales and Personal Spending data coming later in the day.
Asian markets started the week mixed. The Nikkei increased 0.5% as the Yen weakened against the U.S. Dollar, trading at ¥109.35 compared to ¥109.01. The Hang Seng, however, dropped 1.9%, reaching their lowest close for two months following violent demonstrations which caused banks and businesses to close.
European markets are lower today following news that the European Central Bank will inject monetary stimulus to help the economy. Focus will be on Thursday’s Interest Rate Decision and Press Conference. Currently, the CAC 40 is down 0.51% while Germany’s DAX is off 0.35% and London’s FTSE 100 is lower by 0.16%.
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