Stocks Continue To Show A Lack Of Direction In Mid-Day Trading – U.S. Commentary
Bank Stocks Bank of Montreal lost 0.7 percent to C$84.27 for a second day of losses, and Royal Bank slipped 0.6 percent to C$80.63, as the S&P/TSX Financials Index retreated 0.4 percent. American employers hired 142,000 workers in August, short of the median estimate of 230,000 and the jobless rate dropped to 6.1 percent as people left the workforce. Alimentation Couche-Tard Inc. (ATD/B) dropped 0.2 percent to C$36.64, retreating from a record and snapping a three-day rally. The convenience store operator had jumped 13 percent during that period after reporting better-than-expected earnings and raising its dividend.
Paul Ashworth, Chief U.S. Economist at Capital Economics, noted that the disappointing data will inevitably spark speculation that the U.S. recovery is coming off the rails but said the weak job growth is probably just an isolated blip. The data has generated some uncertainty about the popular stocks to buy today outlook for monetary policy, with some analysts predicting that the report will reinforce the Federal Reserve’s wait-and-see stance. Meanwhile, traders have largely shrugged off news that Ukraine and pro-Russian separatists have reached a preliminary ceasefire agreement.
Stocks open higher after European Central Bank cuts interest rates, pledges more stimulus | Fox News
KEEPING SCORE: The Standard & Poor’s 500 index fell seven points, or 0.4 percent, to 1,990 as of 10:49 a.m. Eastern. The Dow Jones industrial average dropped 57 points, or 0.3 percent, to 17,012. The Nasdaq composite slipped 18 points, or 0.4 percent, to 4,542. JOBS SLOW: U.S.
Stocks drop after US hiring slows – Quincy Herald-Whig | Illinois & Missouri News, Sports
stocks are opening higher after the European Central bank pledged more stimulus to help the region’s ailing economy, boosting the outlook for global growth. The Dow Jones industrial average rose 26 points, or 0.2 percent, to 17,104 in early trading Thursday. The Standard & Poor’s 500 index climbed two points, or 0.1 percent, to 2,002. ADVERTISEMENT ADVERTISEMENT ECB President Mario Draghi said in a press conference that the bank would start purchases of asset-backed securities and covered bonds in October. The bank also cut its benchmark interest rate.