The major indexes retreated as investors eased off of an inflated market, in the face of another battle in Washington - this time over the nation's debt ceiling. President Obama has said he refuses to negotiate. That's not sitting right with Republicans, who believe there must be federal spending cuts, in order to lower the nations exploding debt, especially after conceding massive tax hikes in last week's fiscal cliff resolution.
Heading into the last 30 minutes of the trading session, the Dow and S&P 500 were down .38% and the Nasdaq was lower by .16%. Alcoa (NYSE:AA) kicks off the earnings season with its 4th quarter report due out after the close tomorrow. That stock was down nearly 1-1/2% today. Applied Materials (NASDAQ:AMAT) was down 2.4% today after JP Morgan downgraded the shares based on lower semiconductor capital expenditures.
Tomorrow morning investors will be looking at a report due out on small business optimism, as well as consumer credit.
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.
ValueForum will expose you to a wealth of ideas and sectors,
Launch related slideshow:
Wednesday 12/4 Insider Buying Report: ACC, CXP
Wednesday 12/4 Insider Buying Report: ISBC, PACW
Tuesday 12/3 Insider Buying Report: TROX, CLFD
Kroger Maintains Guidances; Shares Slip
Express Disappoints With Reduced Guidance
JCP Sales Increase 10.1% In November; Shares Sink
Analyst Moves: BBT, JCI, STLD, WHR
Analyst Moves: T, STI, C
Analyst Moves: HFC, MU, WR, FRX
Wednesday Sector Leaders: Precious Metals, Shipping Stocks
Wednesday Sector Laggards: Diagnostics, Defense Stocks
Tuesday Sector Leaders: Drugs, Food Stocks
CVY, SVXY: Big ETF Inflows
Wednesday's ETF with Unusual Volume: PHO
Wednesday's ETF Movers: GDX, IHI
Daily Dividend Report: SYK, DE, DVN, NUE, OGE
Daily Dividend Report: TCO, TJX, OMC, HOG, PHM
Daily Dividend Report: SPLS, CPT, PNNT, HPP, MAA
US Economy Grows By 3.8% In Q3
Jobless Claims Dip Below 300k
ADP Says US Private Sector Added 215k Jobs Last Month
Weekly Market Wrap: November 22, 2013
Weekly Market Wrap: November 15, 2013
Weekly Market Wrap: November 8, 2013
Week Ahead Market Report: December 2, 2013
Week Ahead Market Report: November 25, 2013
Week Ahead Market Report: November 18, 2013