Stocks Higher Ahead of Fed Tuesday, August 9, 1:57 PM ET
The U.S. stock market opened higher Tuesday, following yesterday’s sharp downturn on Standard & Poor’s downgrade of U.S. government debt and broader economic worries.
The latest bit of economic data came from the Labor Department today, with second quarter productivity falling by a 0.3% annual rate on a seasonally adjusted basis.
First quarter productivity was revised lower, to a 0.6% decline, compared to an initial reading of a 1.8% increase.
Still, the decline in productivity was better than economists anticipated. The markets are now waiting for word out of a meeting of the Federal Reserve.
Gold is trading around $1,740 an ounce Tuesday, following big gains yesterday.
The iShares Gold Trust (AMEX:
IAU) is trading up 1%, while the SPDR Gold Shares (AMEX: GLD) trades up over .9%.
And, a JPMorgan (NYSE:
JPM) analyst suggested in a report today that retail gasoline prices may fall further due to decreasing commodity prices.
After a decline yesterday, crude oil is trading at $81.83 a barrel Tuesday.
The DB Oil Fund (AMEX:
DBO) is trading up over 1.1%.
The Energy Select Sector SPDR Fund (AMEX:
XLE) is trading up over 2.5%, on the backs of top stocks Exxon Mobil (NYSE: XOM), Chevron (NYSE: CVX) and Schlumberger (NYSE: SLB).
The iShares Down Jones U.S. Energy Sector Index Fund (AMEX:
IYE), with similar top holdings, is trading up over 2.2% Tuesday.
For MarketNewsVideo.com, I’m Sayoko Murase.
Friday Sector Laggards: Entertainment, Publishing Stocks
Related symbols: LGF, HKTV, ABCD, CRRC
Friday Sector Leaders: Non-Precious Metals & Non-Metallic Mining, Oil & Gas Exploration & Production Stocks
Related symbols: CLF, TGB, NADL, REI
Thursday Sector Leaders: Home Furnishings & Improvement, Apparel Stores
Related symbols: KIRK, WSM, URBN, FRAN
XLI, EUFX: Big ETF Outflows
Related symbols: XLI, EUFX, GE, UNP
PFF, HEFA: Big ETF Inflows
Related symbols: PFF, HEFA, GS, HSBC
Friday's ETF with Unusual Volume: PXJ
Related symbols: PXJ, HAL, WFT, KEG, FET
Daily Dividend Report: NKE, A, FLO, HD, UNP, FDX
Related symbols: NKE, A, FLO, HD, UNP, FDX
Daily Dividend Report: HPQ, RTN, NOC, AVB, JWN, CPB, JOY
Related symbols: HPQ, RTN, NOC, AVB, JWN, CPB, JOY
Daily Dividend Report: WMB, JCI, SYY, LZB, BLK, PCP, BRCM, LO, DPS
Related symbols: WMB, JCI, SYY, LZB, BLK, PCP, BRCM, LO, DPS
Weekly Market Wrap: November 21, 2014
Related symbols: BAC, INTC, AAPL, HPQ, CPB, SYY, BLK
Weekly Market Wrap: November 14, 2014
Related symbols: NOK, BHI, AAPL, HTZ, VIAB, ADP, BAX, CTL, WM, PBI
Weekly Market Wrap: November 7, 2014
Related symbols: GNW, ZNGA, BABA, BAC, WFM, ADM, WDC, AIG, ITW
Week Ahead Market Report: November 17, 2014
Related symbols: HAL, BHI, AAPL, F, HD, SJM, BBY, FL
Week Ahead Market Report: November 10, 2014
Related symbols: BABA, CMCSA, BAC, MSFT, CST, DHI, ADT, JCP, HP, JWN, ASTI
Week Ahead Market Report: November 3, 2014
Related symbols: ARCP, BAC, AAPL, SAPE, FB, BABA, CTL, SNI, HUM
All videos » |
Stock market definitions »
Stocks Higher Ahead of Fed
| Market News Video | Copyright © 2008 - 2014, All Rights Reserved
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.