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.
Thursday Sector Laggards: Sporting Goods & Activities, Information Technology Services
Related symbols: ISCA, WBAI, ICLD, CTSH
Thursday Sector Leaders: Precious Metals, Oil & Gas Exploration & Production Stocks
Related symbols: SAND, BAA, MPO, PGN
Wednesday Sector Laggards: Metals & Mining, Oil & Gas Exploration & Production Stocks
Related symbols: BTU, ANR, CRK, PGN
ACWI, AIRR: Big ETF Outflows
Related symbols: ACWI, AIRR, AAPL, MSFT, DY, AYI
VTI, CHAU: Big ETF Inflows
Related symbols: VTI, CHAU, ESND, ASHR, PEK
Thursday's ETF with Unusual Volume: DGRW
Related symbols: DGRW, CMCSA, AAPL, BIG, WU
Daily Dividend Report: SSS, PNC, RPM, WST, MW
Related symbols: SSS, PNC, RPM, WST, MW
Daily Dividend Report: GIS, STZ, MKC, AFG, WSO
Related symbols: GIS, STZ, MKC, AFG, WSO
Daily Dividend Report: FCH, ADK, TK
Related symbols: FCH, ADK, TK
Weekly Market Wrap: July 2, 2015
Related symbols: BAC, AMD, VALE, MU
Weekly Market Wrap: June 26, 2015
Related symbols: MU, INTC, BAC, LMT, CPB
Weekly Market Wrap: June 19, 2015
Related symbols: BAC, AAPL, GE, MSFT, GE
Week Ahead Market Report: June 8, 2015
Related symbols: BAC, FTR, AAPL, INTC, MNKD
Week Ahead Market Report: May 18, 2015
Related symbols: BAC, AAPL, VALE, T
Week Ahead Market Report: May 4, 2015
Related symbols: BAC, AAPL, MSFT, ICLD, NOK
All videos » |
Stock market definitions »
Stocks Higher Ahead of Fed
| Market News Video | Copyright © 2008 - 2015, 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.