قالب وردپرس درنا توس
Home / Business / Market Update by Yahoo Finance: December 17, 2018

Market Update by Yahoo Finance: December 17, 2018



US. Stocks sideways on Monday for a long week by market catalysts.

<p class = "Canvas Atom Canvas Text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" = "text" content = "The S & P 500 ( ^ GSPC ) dropped 0.04% or 1.02 points at 11:11 ET The Dow (^ DJI) dropped 0.16 or 38.2 points while the Nasdaq (IXIC) increased by 0.09% or 6.62 points. "Data-reactid =" 1

6 "> The S & P 500 ( ^ GSPC ) dropped 0, 04% or 1.02 points (as of 11:11 ET). The Dow (^ DJI) fell 0.16% or 38.2 points while the Nasdaq (^ IXIC) rose 0.09% or 6.62 points.

The Russell 2000 small-cap index (^ RUT) is on the way to a bear market when it drops at least 20% from its August high of 1,740.75 points. This would mean closing at or below 1,392.59 points. The index reached an intraday low of 1,392.22 points on Monday morning ET, before rebounding slightly.

Last week's stock prices have been hit and are struggling to reverse the current losses of the year. The S & P 500 fell 2.75% last Friday at the close on Friday.

The final political meeting of the Federal Reserve, which was held on Tuesday and Wednesday in Washington, DC, in 2018, will be central to this week's events as investors seek the way forward for future rate hikes. It is expected that policy makers will announce a fourth rate hike this year. However, recent economic data has helped to dispel concerns about overheating in the labor market and inflation. These factors, along with concerns that global growth is slowing down, are causing some economists to expect the Fed to remain thoughtful. Many US Federal Reserve officials have repeatedly affirmed that they will rely on data to guide the way forward. This indicates flexibility in their monetary policy decisions due to changing market conditions.

President Donald Trump continued his print campaign against the US Federal Reserve on Monday in a tweet. They say that "a very strong dollar and virtually no inflation" in the US should signal the Fed not to raise interest rates. The US dollar index has so far risen by 5.8% this year, while the core personal consumption expenditure index – the Fed's favorite inflation gauge – is below the Fed's inflation target of 2% (as of October).

Washington is only five days away from a partial government downtime by the end of the week. Lawmakers have struggled to come to an agreement on spending bills in the midst of a dispute over the planned Trump boundary wall. Trump has demanded $ 5 billion to fund the Wall, but Democrats are unwilling to spend more than $ 1 billion. If the closure is realized, this will be the third funding gap of the federal government in 2018. While a lengthy closure of the state could ultimately lead to concerns about the upper limits of the debt ceiling, financing gaps otherwise have otherwise made only a few big waves on the stock market.

STOCKS: Malaysia lodges criminal charges against Goldman Sachs over 1MDB scandal, Google is investing billions in New York

<p class = "Canvas Atom Canvas Text Mb (1.0em) Mb (0) – sm Mt ( 0.8em.)) – sm "type =" text "content =" Malaysia has filed its first indictment on Monday against Goldman Sachs (GS) and several former employees allegedly stealing bonds backed by government bonds Amount of $ 2.7 billion to be liberated from 1Malaysia Development Berhad (1MBD) which garnered $ 6.5 billion: Prosecutors demand fines of $ 3.3 billion from Goldman Sachs and the defendants, which consisted of the allegedly abused amount and $ 600 million in fees that Goldman had received for the bids The bank said the charges were "misguided" and intended to "vigorously defend it." Goldman Sachs' shares fell fell 1.78% to $ 169.69 (ET) at 11:01 ET and fell slightly after reaching a new 52-week low of $ 168.05 per share. "Data-reactid =" 24 " Malaysia first charged Goldman Sachs (GS) and several former employees on Monday for allegedly stealing $ 2.7 billion in government bonds Published by 1Malaysia Development Berhad (1MBD) The $ 6.5 billion collected: Prosecutors are demanding fines from Goldman Sachs and the defendants over $ 3.3 billion, resulting from the allegedly abused amount and $ 600 million Goldman Sachs shares fell 1.78% to $ 169.69 at 11:01 ET. Goldman Sachs shares were "misguided" and intend to "vigorously defend." Goldman Sachs shares fell 1.78% to $ 169.69 at 11:01 ET – Dollars per share A new 52-week low of $ 168.05 per share.

Dealers work on the New York Stock Exchange (NYSE) on December 14, 2018 in New York, US REUTERS / Brendan McDermid


Source link