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.
Monday Sector Leaders: Electric Utilities, Department Stores
Related symbols: KEP, CPN, FDO, DLTR
Monday Sector Laggards: Metals Fabrication & Products, Drugs
Related symbols: AWI, SSD, ACRX, HZNP
Friday Sector Leaders: Precious Metals, Transportation Services
Related symbols: PPP, GFI, ECHO, TAL
Monday's ETF with Unusual Volume: IYJ
Related symbols: IYJ, GE, XRX, LECO, SSD
Monday's ETF Movers: IDU, XHB
Related symbols: CPN, DYN, AWI, SSD, XHB, IDU
SH, TMF: Big ETF Outflows
Related symbols: SH, TMF, TLT
Daily Dividend Report: K, WWE, AMGN, ETR, AVY, RBC
Related symbols: K, WWE, AMGN, ETR, AVY, RBC
Daily Dividend Report: DAL, CP, CMCSA, HON, NEE, TWC, SCHW, AA, NE, MAC, TAP
Related symbols: DAL, CP, CMCSA, HON, NEE, TWC, SCHW, AA, NE, MAC, TAP
Daily Dividend Report: INTC, MRK, V, BLK, AAL
Related symbols: INTC, MRK, V, BLK, AAL
Weekly Market Wrap: July 25, 2014
Related symbols: FB, SIRI, AAPL, F, INTC, BAX, ALL, CCE, JNJ, HAL
Weekly Market Wrap: July 18, 2014
Related symbols: AMD, BAC, ZNGA, GE, SLB, GLW, CAG, GS
Weekly Market Wrap: July 11, 2014
Related symbols: AAPL, BAC, FB, GE, MTG, OXY, TMO, CVS, COP, PSX, CSX
Week Ahead Market Report: July 28, 2014
Related symbols: RAD, SIRI, FB, AAPL, AET, AXP, CG, DDR, DDD, CI, COP, WY
Week Ahead Market Report: July 21, 2014
Related symbols: GE, PLUG, FB, BAC, CMCSA, CA, ETFC, DAL, AMZN, BIDU, AON
Week Ahead Market Report: July 14, 2014
Related symbols: AMD, BAC, AAPL, C, GS, BAC, AMD, GE
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.