US midafternoon: Fed keeps policy settings unchanged
Wed 24 Oct 2012
LONDON (SHARECAST) - -Strains in financial markets continue to pose risks -Fed
-Growth in employment has been slow-Fed
Dow Jones Industrial: 0.01%
Nasdaq Comp.: 0.02%
S&P 500: -0.01%
US stocks are trading more-or-less flat after a punishing session on Tuesday, when the Dow Jones fell 243 points, its biggest one-day loss since June, and following the Federal Reserve’s decision, tonight, to maintain its main policy settings unchanged.
The bounce was helped by better-than-expected earnings from Boeing and Facebook.
Upbeat economic data out from China overnight also served to boost stocks higher.
However, comments from German Finance Minister Wolfgang Schaeuble, saying that Greece does not yet have a deal with the Troika over a two-year extension on bailout targets impacted momentum. The aforementioned particularly as comments backing this view were made by European Central Bank (ECB) President Mario Draghi, who said the Troika’s review of the Greek economy was not yet complete.
The 'Sage of Omaha', Warren Buffet, today acknowledged that there is “some slowing down going on” in the global economy, but warned investors against selling on short-term concerns.
New home sales rose at a 5.7% month-on-month clip in September, reaching a 389,000 unit pace (Consensus: 385,000).
Front month West Texas crude futures are down by 1.10% to the 85.73 dollar level on the NYMEX.
10 year US Treasuries re now falling by 4/32 dollars, with yields at 1.77%.
S&P 500 - Fallers
Newfield Exploration Co (NFX) $27.74 -16.75%
Allegheny Technologies Inc. (ATI) $27.69 -12.35%
Netflix Inc. (NFLX) $60.16 -11.81%
Corning Inc. (GLW) $12.05 -10.11%
Juniper Networks Inc. (JNPR) $16.09 -8.42%
FMC Technologies Inc. (FTI) $39.59 -8.21%
Altera Corp. (ALTR) $30.01 -8.00%
Norfolk Southern Corp. (NSC) $61.27 -7.18%
CH Robinson Worldwide Inc (CHRW) $57.56 -5.61%
Alexion Pharmaceuticals Inc. (ALXN) $95.49 -5.40%
Dow Jones I.A - Risers
United Technologies Corp. (UTX) $78.20 +1.47%
Procter & Gamble Co. (PG) $68.26 +1.22%
Pfizer Inc. (PFE) $25.42 +0.91%
JP Morgan Chase & Co. (JPM) $41.70 +0.90%
Coca-Cola Co. (KO) $36.87 +0.71%
Chevron Corp. (CVX) $109.91 +0.48%
Verizon Communications Inc. (VZ) $44.28 +0.48%
Merck & Co. Inc. (MRK) $46.01 +0.25%
International Business Machines Corp. (IBM) $191.41 +0.08%
American Express Co. (AXP) $55.41 +0.05%
Dow Jones I.A - Fallers
Cisco Systems Inc. (CSCO) $17.39 -3.44%
Hewlett-Packard Co. (HPQ) $14.13 -0.94%
Caterpillar Inc. (CAT) $82.91 -0.80%
E.I. du Pont de Nemours and Co. (DD) $44.94 -0.69%
AT&T Inc. (T) $34.77 -0.66%
McDonald's Corp. (MCD) $87.39 -0.64%
Alcoa Inc. (AA) $8.73 -0.57%
Mondelez International Inc. (MDLZ) $26.55 -0.51%
Intel Corp. (INTC) $21.52 -0.32%
Home Depot Inc. (HD) $61.56 -0.31%
Nasdaq 100 - Risers
Monster Beverage Corp (MNST) $47.56 +15.76%
Gilead Sciences Inc. (GILD) $68.93 +6.20%
Green Mountain Coffee Roasters Inc. (GMCR) $24.40 +2.61%
Check Point Software Technologies Ltd. (CHKP) $43.89 +2.43%
Dollar Tree Stores Inc. (DLTR) $40.12 +2.37%
Dentsply International Inc. (XRAY) $36.87 +1.94%
News Corp. Class A (NWSA) $24.57 +1.93%
Mylan Inc. (MYL) $23.86 +1.79%
Sirius Satellite Radio Inc. (SIRI) $2.92 +1.74%
Life Technologies Corp. (LIFE) $47.98 +1.61%
Nasdaq 100 - Fallers
Netflix Inc. (NFLX) $60.16 -11.81%
Altera Corp. (ALTR) $30.01 -8.00%
CH Robinson Worldwide Inc (CHRW) $57.56 -5.61%
Alexion Pharmaceuticals Inc. (ALXN) $95.49 -5.40%
Virgin Media Inc. (VMED) $32.72 -4.15%
Cisco Systems Inc. (CSCO) $17.39 -3.44%
Broadcom Corp. (BRCM) $32.38 -2.94%
Micron Technology Inc. (MU) $5.26 -2.77%
Stericycle Inc. (SRCL) $90.06 -2.32%
Bed Bath & Beyond Inc. (BBBY) $57.62 -2.21%
