Your Financial Guide. Wed, 19 Apr 2017 09:08:25 +0000 en-US hourly 1 Bank of Japan policymakers signal greater threshold for more easing Wed, 19 Apr 2017 09:08:25 +0000

MATSUMOTO/Tokyo, japan, Japan (Reuters) – Bank of Japan policymakers signaled on Wednesday they’d elevated the brink for more easing after last month’s policy update – keeping their pledge to grow stimulus as needed, only to safeguard the economy from exterior shocks.

Yutaka Harada, that has been one of the most vocal advocates of aggressive money printing around the BOJ’s nine-member board, stated he saw you don’t need to ease policy in the central bank’s next rate review.

“Job markets still improve like a trend so for the time being, additional easing might not be necessary,” despite the fact that inflation was undershooting prior forecasts, Harada told reporters on Wednesday.

Within an earlier speech to business leaders in Matsumoto, central Japan, Harada stated it might have a “sudden alternation in the worldwide economy” that threatened the achievement from the BOJ’s cost target for that central bank to think about easing.

Neither did BOJ Governor Haruhiko Kuroda refer straight to a necessity to attain his inflation target rapidly as he reiterated his readiness to grow stimulus.

“We are ready to ease policy again, including lowering short-term rates, when we judge the merits over-shadow the expense,Inch Kuroda told parliament on Wednesday.

Before last month’s alternation in policy framework, BOJ officials have stated they’d not hesitate to help ease whether it would hasten achievement of the elusive cost growth target.

“It’s obvious in the alternation in the insurance policy framework the BOJ has basically abandoned a fast victory in achieving 2 percent inflation,” stated Hiroshi Shiraishi, senior economist at BNP Paribas (PA:BNPP) Securities.

“The BOJ won’t be proactively easing policy to attain 2 percent inflation rapidly. It’s on your journey to a far more flexible inflation target,” he stated.


Wednesday’s comments by Kuroda and Harada foreshadow the BOJ’s next policy meeting on March. 31-November. 1, if this may again break the rules the timing for achieving its cost target inside a quarterly overview of its forecasts.

Only a number of analysts polled by Reuters predicted the BOJ would ease in the next review, while about 70 % stated it might act the coming year.

The BOJ recently switched its policy to targeting rates of interest and from expanding the financial base – or even the pace of cash printing – after many years of massive asset purchases unsuccessful to jolt the economy from decades-lengthy stagnation.

Analysts the move aimed to alter the BOJ’s framework into one suited to a lengthy-term fight to accelerate inflation.

The BOJ maintained a loose pledge to help keep how big its balance sheet roughly unchanged despite shifting to some rate target, reflecting the views of board people for example Harada who was adamant aggressive money printing was answer to ending deflation.

Harada, who voted for last month’s policy make-over, stated the BOJ should postpone on reducing bond purchases and permit the ten-year bond yield to fall below its target, if this type of yield drop was the result of a negative shock towards the economy.

“By continuing to keep in the 80 trillion yen ($777 billion) each year bond buying and allowing rates of interest to fall (underneath the BOJ’s target), the BOJ can avoid tightening financial conditions,” he stated.

Harada’s view contradicts those of Kuroda, that has stated the interest rate from the BOJ’s bond purchases could slow when the bank can hit its yield control target with less buying.

]]> 0
Dollar slips lower with eyes on Given meeting minutes Sun, 09 Apr 2017 09:07:27 +0000

The dollar tucked lower against other major currencies on Wednesday, as investors switched towards the minutes from the Federal Reserve’s latest meeting, due at nighttime, although sustained wants a 2016 U.S. rate hike stored the greenback near seven-month highs.

EUR/USD edged lower .10% to at least one.1043, the cheapest since This summer 27.

Market participants were awaiting the minutes from the Fed’s September policy meeting for hints around the central bank’s future policy moves.

Interest in the U.S. dollar still continued to be supported, because the odds for any December rate hike passed the 70% threshold on Tuesday.

GBP/USD leaped 1.25% to promote at 1.2275, bouncing from the multi-decade lows arrived at in recent sessions among growing ‘hard Brexit’ concerns for Britain.

The pound was boosted by reports British Pm Theresa May has recognized that Parliament ought to be permitted to election on her behalf Brexit plan.

USD/JPY edged up .12% to 103.63 after Bank of Japan Governor Haruhiko Kuroda reiterated to Japan’s parliament on Wednesday he remains prepared to cut rates of interest or expand asset buying as needed.

The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was lower .11% at 97.60, near Tuesday’s seven-month peak of 97.75.

]]> 0
Samsung slashes third quarter profit estimate with a third after pulling plug on Note 7 smartphone Wed, 29 Mar 2017 09:06:25 +0000

Samsung Electronics (KS:005930) Co slashed its quarterly profit estimate with a third on Wednesday, taking in a $2.3 billion hit from ditching its flagship smartphone in what is among the costliest product safety failures in tech history.

Quantifying the financial discomfort of Tuesday’s proceed to scrap the Universe Note 7 smartphone following a global recall and days of mounting problems, the earth’s top smartphone maker stated it expects its This summer-September operating profit was 5.2 trillion won ($4.7 billion), lower in the 7.8 trillion won it believed 5 days ago.

Samsung stated inside a statement the two.6 trillion won ($2.3 billion) guidance cut reflects the sales and earning impact it presently expects from the choice to permanently halt sales from the $882 Note 7 device. Its third-quarter revenue estimate seemed to be cut to 47 trillion won from 49 trillion won formerly.

The brand new earnings guidance is 30 % below third-quarter 2015’s operating profit.

“Nobody might have expected the figure that Samsung just led for,” stated Alpha Asset Management fund manager C.J. Heo. “We’ll need to observe how the marketplace reacts tomorrow.”

Samsung shares ended lower .7 % on Wednesday, using the Seoul market closing prior to the earnings guidance cut was announced.

Shares have previously fallen 10 % now and therefore are on the right track for his or her greatest weekly decline since May 2012, getting touched a 1-month low of just one.494 million won as investors worried the Note 7 crisis could cause lengthy-term damage on Samsung’s status and earnings.

The tech giant announced the recall of two.5 million Note 7s at the begining of September following reports from the phones catching fire. The firm made an appearance to achieve the situation in check because it issued substitute devices with various batteries, until new phones also started to smoke and combust.

Investors and analysts agreed the harm to Samsung’s logo and future earnings would deepen the more the marketplace remained at nighttime concerning the origin from the fault. Some have previously predicted lost revenue around $17 billion.

“It is good that Samsung designed a firm decision around the Note 7, but individuals are worried about the problem because individuals have no idea what the issue is,Inch stated Kim Hyun-su, a fund manager at IBK Asset Management, which owns shares in Samsung.

“There should be explanation from Samsung to ensure that customers to realize that problems will not occur within the next models…Samsung must clearly explain and admit what went wrong.”


Samsung may likely push ahead to obtain the new edition of their premium S-series smartphones to promote as quickly as possible, fund managers stated. Typically, the South Korean company unveils a brand new Universe S phone around the sidelines from the Mobile World Congress tech trade event within the first quarter because it battles Apple Corporation (NASDAQ:AAPL) to remain towards the top of the smartphone market.

“We’ll need to see exactly what the future plans are however i suspect Samsung will move rapidly to obtain the Universe S8 ready they’ve the manufacturing and production abilities,” IBK’s Kim stated.

Experts are baffled by what is resulting in the overheating within the substitute phones, otherwise the batteries, and Samsung hasn’t commented.

The official in the Korean Agency for Technology and Standards, that is investigating the issue alongside Samsung, stated the fault within the substitute devices may not be identical to the issue in the original product. The state requested to not be recognized as he wasn’t approved to talk openly.

Aviation government bodies and airlines all over the world are telling passengers to change business Note 7s and prevent them from entering checked baggage, among fears they might bring lower an airplane.

“Damage control at Samsung will face a constant fight to redeem the business’s tarnished image because of the harmful and dramatic nature from the phone’s failure,” Vijay Michalik, an analyst at research firm Frost & Sullivan, stated.

As the harm to Samsung’s brand, otherwise its earnings, remains difficult to evaluate, negative publicity in the botched recall could touch off a turf war among Android smartphone manufacturers, analysts stated.

Consumers have a tendency to invest in their choice between Apple’s iOS operating-system and Google’s Android, departing Samsung’s fellow Android manufacturers for example G Electronics Corporation and Alphabet (NASDAQ:GOOGL) Inc’s Google in prime position to strike.

]]> 0
U.S. stock index futures lower as oil slips Sun, 19 Mar 2017 09:05:32 +0000

U.S. stock index futures were lower Tuesday as oil retreated in one-year highs.

The Dow jones futures was lower .25% at 05:30 ET, as the S&P 500 futures shed .32%.

The tech-heavy Nasdaq futures was lower .27%.

U.S. crude dipped below $51 on profit-taking after 3% gains on Monday.

Apple (NASDAQ:AAPL) was up .7% in pre-market trade because it ongoing to profit from Samsung’s smartphone woes.

The dollar index was up .3% on bets of the U.S. rate hike this season.

]]> 0
5 Best Items to Know on the market on Tuesday Thu, 09 Mar 2017 09:04:37 +0000

Listed here are the very best five things you should know in markets on Tuesday, October 11:

1. Samsung to permanently finish manufacture of Universe Note 7

Samsung Electronics (KS:005930) stated Tuesday it would permanently discontinue production and purchasers of their problematic Universe Note 7 smartphone, pulling the plug around the ill-fated premium model.

Samsung stated inside a filing with South Korean regulators it would permanently cease sales from the device, each day after it announced a brief halt to manufacture of the smartphones.

The move occurs each day when Samsung shares tumbled 8% in Seoul, its greatest one-day loss of eight years, among growing pressure following a new string of reported smartphone fires within the U.S.

2. Dollar jumps to 11-week at the top of bets of December Given rate hike

The dollar rose from the yen and euro , as investors elevated their bets around the Fed raising rates of interest prior to the finish of the season.

The U.S. dollar index, which measures the greenback’s value against a gift basket of six major currencies, was up .3% at 97.20 early Tuesday. It rose to some session a lot of 97.25 earlier, probably the most since This summer 27.

Financial markets are presently prices in around a 74% possibility of an interest rate hike at December’s meeting, based on’s Given Rate Monitor Tool, up from 69% each day earlier and when compared with 61% late a week ago.

3. Markets brace for Q3 earnings season

Third-quarter earnings season will get its unofficial begin Tuesday, with Alcoa (New york stock exchange:AA) because of report results prior to the opening bell. The aluminum maker is presenting its last quarterly earnings report like a single company before splitting into two openly traded firms, Alcoa and Arconic, on November 1.

Analysts expect third-quarter earnings can have b .7% decline from last year, while revenue within the last quarter is envisioned having elevated 2.5%, which will be the newbie-over-year sales increase for S&P 500 companies because the finish of 2014.

4. ‘Hard Brexit’ might cost £66 billion annually: Occasions

British cabinet ministers are now being cautioned the Treasury could lose as much as £66 billion yearly in tax revenues within “hard Brexit,” based on leaked government papers seen through the Occasions.

That loss could be because of Britain’s exit in the Eu and reverting to World Trade Organization rules, which may create a 9.5% stop by U.K. gdp.

Sterling was lower .5% at 1.2298 from the dollar, after falling to some daily low of just one.2279.

5. OPEC oil production rose to record highs in September

OPEC’s oil production rose to record highs in September, the Worldwide Energy Agency stated Tuesday, underscoring the difficulties the audience faces because it seeks to curtail its output.

In the carefully-viewed monthly report, the IEA stated OPEC crude output rose by 160,000 barrels each day to some record 33.64 million barrels in September, because of elevated production in Iran, Iraq, Libya and Nigeria.

OPEC arrived at a contract to limit production to a variety of 32.5 million to 33. million barrels each day in talks held around the sidelines of the energy conference in Algeria late recently. However, market analysts continued to be skeptical from the deal, pondering how this type of plan could be implemented.

Brent was lower 23 cents, or .43%, to $52.91 a barrel, while U.S. crude shed 16 cents, or .31%, to $51.19 a barrel, near the last session’s highs.

Crude prices rallied on Monday, with Brent climbing to some one-year high after Russian President Vladimir Putin stated the nation would offer the Organization from the Oil Conveying Countries’ make an effort to cut its collective output.

]]> 0
Global shares dip, battered sterling wins a reprieve Tue, 28 Feb 2017 09:03:44 +0000

Shares dipped worldwide towards three-week lows on Wednesday like a dour begin to the U.S. earnings season considered on sentiment, while Britain’s battered currency rose the very first time in 5 days.

Sterling rose greater than 1 % in comparison to the dollar and euro (EURGBP=) after British Pm Theresa May provided to give lawmakers some scrutiny of the entire process of departing the Eu.

The currency has had a beating, tumbling to 31-year lows a week ago, on fears that Britain is at risk of a “hard Brexit” that will view it leave the EU’s single market if this quits the bloc.

“After days of tough rhetoric pushing sterling right into a buying and selling atmosphere nearer to a growing market currency, the federal government may try to stabilize markets, using its rhetoric and suggestions now possibly shifting in tone,” Morgan Stanley’s mind of currency strategy, Hendes Redeker, stated.

European shares adopted Asian and U.S. markets lower, with Germany’s DAX <.GDAX>, France’s CAC (FCHI) and Britain’s FTSE (FTSE) all nudging lower at the begining of trade.

Sweden’s Ericsson (ST:ERICb) brought the region’s technology stocks lower to some 30 days-low after issuing an income warning.

That adopted disappointing earnings reports from aluminum producer Alcoa (N:AA) and diagnostics test maker Illumina (O:ILMN) on Tuesday, casting a cloud over the beginning of earnings season and knocking U.S. stocks lower overnight.

MSCI’s largest index of Asia-Off-shore shares outdoors Japan fell to 3-week lows (MIAPJ0000PUS), departing shares <.WORLD> hovering near three-week lows discussed Tuesday.

Markets’ focus was embracing the minutes in the U.S. Federal Reserve’s September meeting, scheduled for release afterwards Wednesday.

Investors are more and more convinced the Given will raise rates of interest in December while staying away from a hike at its next meeting under per week prior to the U.S. presidential election.

That speculation has pressed both dollar and U.S. bond yields greater in recent days. The Ten-year Treasury yield (US10YT=RR) touched 1.783 percent on Wednesday, its greatest level since early June.

U.S. rate of interest futures <0#FF:> are prices within a 75-percent possibility of an interest rate hike by December, little altered in the last day or two.

“Current sentiment is really that markets will consider the minutes for any reason to not expect an interest rate hike in December,” Hermes group chief economist Neil Johnson stated.

The dollar index, which tracks the greenback against a gift basket of six major rivals, tucked .15 % to 97.531 (DXY) after rising to the greatest since March at 97.758 .

Gold prices edged greater because the dollar retreated, and oil rose, drawing support from record Indian crude imports and approaching talks between OPEC producers along with other oil exporters on curbing output to finish a glut within the global market.

Brent crude futures (LCOc1) were up .6 % at $52.73 a barrel.

]]> 0
Alcoa third quarter profit, revenue miss expectations stock tumbles Sun, 19 Feb 2017 09:03:01 +0000

Metals company Alcoa Corporation (N:AA) on Tuesday reported greater quarterly profit because of cost-cutting minimizing tax provisions, but results missed expectations and it is stock sank 10 %.

The increase in earnings at Alcoa came despite lower revenue because it curtailed or closed some traditional smelting operations and faced falling prices. Revenues fell in the business serving the automotive and aerospace industries, which Alcoa stated was due partially to delayed aircraft deliveries and prices pressure.

“We’re performing well regardless of the low prices atmosphere … demanding conditions around the commodity side in addition to aero industry teething problems,” Alcoa Ceo Klaus Kleinfeld told Reuters. “A specific item shining through is we have focused on what we should may influence and also you see our strong resilience.”

This is actually the company’s last questionnaire before it splits into two entities in front of the market opening on November. 1. The very first company, maintaining your name Alcoa, will concentrate on the traditional smelting business. Another, Arconic, will focus on greater-finish aluminum and titanium alloys for that automotive, aerospace and construction industries.

CFRA Research analyst Matthew Miller maintained a “buy” rating around the stock, saying inside a note to clients that regardless of the aircraft delays “we believe you will see speeding up demand in 2017.”

“We’re encouraged by strong productivity gains both in companies (Alcoa and Arconic),” he stated.

Alcoa stated that global automotive production will rise between 1 % and 4 % in 2016 which aircraft deliveries is going to be flat to up 3 % in 2016.

Its quarterly results came as benchmark aluminum prices hit two-month highs before retreating on oversupply concerns and rising output by top producer China.

But Kleinfeld stated Chinese capacity growth “is not substantial,” adding Alcoa sees aluminum demand growing five percent in 2016, outpacing supply development of 3 %.

He stated the ongoing “aluminumization” from the auto market is an optimistic, “even though the overall market within the U.S. appears to become plateauing.”

Earlier Tuesday the very best executive at folded-aluminum product maker Novelis Corporation told Reuters that aluminum demand should grow 4 % to five percent in 2017, boosted by sales to automakers.

New You are able to-based Alcoa reported third-quarter internet profit of $166 million, or 33 cents per share, up from $44 million, or 6 cents last year. Excluding products, the organization published earnings per share of 32 cents. Analysts, typically, expected 35 cents.

In the newest quarter, Alcoa reported “productivity gains” of $377 million across all segments.

Revenue fell to $5.2 billion from $5.6 billion last year and it was below estimates of $5.3 billion.

Alcoa shares tumbled $3.15 at $28.37 in mid-day buying and selling.

]]> 0
Sterling lifted by May’s Brexit offer, dollar softer after rally Thu, 09 Feb 2017 09:01:51 +0000

The battling pound rose on Wednesday following a brutal sell-off, as British Pm Theresa May’s offer to provide lawmakers some scrutiny from the tactic to leave the Eu calmed market fears of the “hard Brexit”.

Individuals fears – that Britain can give up full accessibility EU’s single market to be able to impose maximum control on its borders – pressed the currency to 31-year lows a week ago, including on Friday if this lost 10 %.

May’s decision comes in front of a court ruling on Thursday, that will determine if she will trigger Article 50 – the rule that initiates the entire process of separating Britain in the Eu – with no consent of parliament.

Many lawmakers appear to favor a “soft Brexit” or no Brexit whatsoever and investors fear the “hard” option could hurt trade and foreign investment required to fund Britain’s huge current account deficit, among the greatest within the planet.

Sterling was up 1 % at $1.2240 , after getting tumbled to $1.2086 on Tuesday if this made an appearance it had been heading back perfectly into a 31-year low of $1.1450 hit on Friday. The euro too was lower 1 % at 90.25 pence (EURGBP=D4)

“After days of tough rhetoric pushing sterling right into a buying and selling atmosphere nearer to a growing market currency, the federal government may try to stabilize markets, using its rhetoric and suggestions now possibly shifting in tone,” Morgan Stanley’s mind of currency strategy, Hendes Redeker, stated.

“However, there’s an excellent line just to walk as May’s Conservative Party uses a clean split from Europe. Additionally, giving in an excessive amount of, before Article 50 negotiations have began, shifts the settlement advantage for the EU. Hence, the pound’s rebound ought to be limited and adopted with a decline.”


The dollar index, which tracks the greenback against a gift basket of six major currencies, tucked .1 % to 97.638 (DXY) after hitting 97.758 , a publish-March peak.

The euro was buying and selling lower at $1.1038 , getting fallen to $1.1032, its cheapest since early August. From the yen, it had been flat at 103.53

The dollar have been with an upward trend on rising expectations the U.S. Fed would raise rates of interest as soon as this season, with markets prices within a 70-percent possibility of a hike in December.

Investors anticipated the minutes from the Fed Open Market Committee’s September meeting, scheduled to be sold afterwards Wednesday, in addition to U.S. retail sales data on Friday.

“There’s an elevated possibility of bigger rate of interest differentials between Japan and also the U.S., so that’s a factor for yen softening, even though this is less big an issue as it was once,Inch IHS Markit’s principal economist in Tokyo, japan, Harumi Taguchi, stated.

]]> 0
Oil edges on record Indian imports, about producer cut Sun, 29 Jan 2017 08:59:53 +0000

Oil prices edged on Wednesday, based on record Indian crude imports and approaching talks between OPEC producers along with other oil exporters on curbing output to finish a glut within the global market.

Brent crude futures (LCOc1) were up 21 cents, or .4 %, at $52.62 a barrel at 0639 GMT.

U.S. West Texas Intermediate (WTI) crude futures (CLc1) were up 15 cents, or .3 %, using their last settlement at $50.94 per barrel.

Traders stated that prices were boosted by record Indian oil imports.

India’s oil imports rose 4.4 % in September in the previous month to some record high 4.47 million barrels each day (bpd) because the country expanded its refining ability to meet growing fuel demand within an expanding economy, shipping data demonstrated.

Oil imports through the world’s third greatest oil consumer surged 17.7 % from last year, based on ship tracking data along with a report published by Thomson Reuters Oil Research and Forecasts.

The possibilities of countries from oil group OPEC and non-OPEC people like Russia coordinating a production cut to control global oversupply, also supported prices.

However, analysts cautioned that the deal may still fall through especially as Russia’s participation continued to be uncertain.

Much depends around the timing associated with a production cut, stated Alan Gelder, v . p . for refining, chemicals and oil markets at energy consultancy Wood Mackenzie, that could deter participation.

“Timing is essential for Russia to supply non-OPEC support to re-balancing the oil market, as September was, momentarily, at unparalleled production levels. The development reference (month) could require Rosneft to curb its current drilling program, that is resistant to the interests of their private shareholders,” he stated.

Oil has rallied greater than 13 % in under two days because the Organization from the Oil Conveying Countries suggested its first production curbs in eight years. But prices stay at about 50 % of mid-2014 highs above $100 a barrel as questions remain over once the market will go back to balance.

Goldman Sachs (New york stock exchange:GS) added its doubts on Tuesday, saying inside a research observe that the planned oil output cut by OPEC along with other exporters has turned into a “greater possibility,” but cautioned a production cut likely will not be deep enough to re-balance markets in 2017, which oil prices may fall into the low $40s per barrel.

]]> 0
Wall Street sells off among weak earnings, election jitters Thu, 19 Jan 2017 08:59:00 +0000

Wall Street offered off on Tuesday as disappointing corporate reports gave a sour tone to the beginning of earnings season and investors digested possible altering dynamics for that approaching U.S. elections.

Alcoa (N:AA) shares tumbled 10.9 % following the metals company’s quarterly profit missed estimates and decreased its revenue forecast.

Illumina (O:ILMN) shares plummeted 25.6 % and were among greatest drags around the S&P 500 following the diagnostic test maker’s weak quarterly update.

Investors happen to be searching for U.S. corporate earnings to bolster after four quarters of declines, to be able to support relatively high valuations for stocks. Although overall earnings of S&P 500 information mill presently likely to fall .7 % within the third quarter, based on Thomson Reuters data, an average quantity of better-than-expected reports would create a positive quarter.

“You’re coming facing really low expectations, meaning the bar has already been low. If you cannot match individuals expectations, then investors are likely to rapidly proceed to the exit,” stated Adam Sarhan, leader at Sarhan Capital.

Market watchers will also be more and more eyeing politics because the November. 8 U.S. elections draw near. Recent turmoil facing Republicans and also the party’s presidential candidate Jesse Trump is resulting in some speculation that the victory by Democratic rival Hillary Clinton might be supported by big gains by her party in Congress, investors stated.

“There’s more discussion the control in Congress might shift,” stated Ernie Cecilia, chief investment officer of Bryn Mawr Rely upon Bryn Mawr, Pennsylvania. “The end result is that it is not necessarily priced in to the market.”

The Dow jones Johnson industrial average (DJI) fell 226.1 points, or 1.23 percent, to 18,102.94, the S&P 500 (SPX) lost 30.1 points, or 1.39 percent, to two,133.56 and also the Nasdaq Composite (IXIC) dropped 89.32 points, or 1.68 percent, to five,239.35.

All 11 major S&P sectors were negative. Healthcare (SPXHC), among the sectors regarded as most responsive to the end result from the elections, brought declines. The audience slumped 2.6 %, with fallout from Illumina’s report also weighing.

Another healthcare company, St Jude Medical (N:STJ), fell 3.4 % after it stated it might recall a number of its implanted heart devices because of chance of premature battery depletion. Abbott Laboratories (N:ABT), that has decided to buy St Jude, fell 5.4 %.

Contributing to potential obstacles for stocks, investors are actually bracing for that Fed to boost rates of interest through the finish of the season following a recent run of solid economic data. The dollar (DXY) rose to the greatest point since March against a gift basket of currencies, a pressure point for multi-national companies.

For that year, the S&P 500 expires about 4 %.

Declining issues outnumbered evolving ones around the New york stock exchange with a 8.38-to-1 ratio on Nasdaq, a 5.36-to-1 ratio favored decliners.

The S&P 500 published 4 new 52-week highs and 4 new lows the Nasdaq Composite recorded 42 new highs and 52 new lows.

]]> 0