Canada Stocks Fall From Record As Oil, Gold Drop On Global Rout – Bloomberg

Gold Stocks Agnico Eagle sank 8.1 percent to C$40.81, the most since April, to pace declines among raw-materials producers as eight of 10 industries in the S&P/TSX retreated on trading volume 42 percent higher compared with the 30-day average at this time of the day. Alamos Gold Inc. retreated 5 percent to C$9.74 and Semafo Inc. lost 2.1 percent to C$4.77 as gold futures fell 0.7 percent to $1,287.50 an ounce in New York, heading for a July decline.

Stocks Turning In Lackluster Performance Ahead Of Fed – U.S. Commentary –

Done Stocks Higher But Little Changed By Myles Udland 1 hour ago 0 shares REUTERS/Russell Cheyne Stocks are higher, but off their best levels from early in the session. The Dow is up 28 points, the S&P 500 is up 2 points, and the Nasdaq is up 15 points. Earlier today, we got mixed economic data, with consumer confidence jumping to a 7-year high in July, while home prices fell more than expected. The Conference Board’s consumer confidence index for July jumped to 90.9 from 85.2 in June, marking the index’s best reading since October 2007. Economists were expecting the report to climb to 85.4. In contrast, the S&P/Case-Shiller U.S. home price index showed home prices fell 0.3% from last month, missing economists’ expectations for a 0.3% gain.”Housing has been turning in mixed economic numbers in the last few months.

Stocks May See Early Strength On Upbeat GDP Data – U.S. Commentary –

With more than half the S&P 500 having reported already, almost 70 percent have topped earnings expectations, according to Thomson Reuters data, well above the long-term average of 63 percent. More than 63 percent have topped revenue forecasts, above the long-term average of 61 percent. “If we started to see more negative outlooks, that would be a reason to pause, but so far this earnings season speaks to the health of corporate America and suggests markets still have room to run,” said David Lebovitz, global market strategist at J.P. Morgan Funds in New York.

Stocks Higher But Little Changed – Yahoo Finance

Notable strength is also visible among internet stocks, as reflected by the 1.1 percent gain being posted by the Dow Jones Internet Index. On the other hand, gold stocks have come under pressure on the day, dragging the NYSE Arca Gold Bugs Index down by 1.9 percent. The index remains stuck in a recent trading range. The weakness among gold stocks comes amid a decrease by the price of the precious metal, as gold for December delivery is sliding $5.30 to $1,295.20 an ounce. Utilities and housing stocks have also moved to the downside over the course of the session, offsetting the strength in the aforementioned sectors.

Stocks End Down on Broad Selloff | Fox Business

Traders are likely to pay close attention to the Fed’s accompanying statement, looking for indications regarding the outlook for interest rates. After showing a notable move to the upside in early trading on Tuesday, stocks showed a substantial downturn over the course of the session. Concerns about the impact of new sanctions against Russia weighed on the markets. The major averages all closed in negative territory, although the Nasdaq edged down only 2.21 points or 0.1 percent to 4,442.70. The Dow fell 70.48 points or 0.4 percent to 16,912.11 and the S&P 500 slid 8.96 points or 0.5 percent to 1,969.95.


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s