LIVE MARKET TRACKER :   BSE SENSEX        |    NSE NIFTY    
GLOBAL MARKETS :  NASDAQ      |    FSI London      |    NIKKEI Japan  
  USD GBP EUR CAD AUD INR
USD -
GBP -
EUR -
CAD -
AUD -
INR -
Indian-Commodity  :  International & World Stock  :  US markets closed lower; S&P, Nasdaq logs first down day of 2018

US markets closed lower; S&P, Nasdaq logs first down day of 2018 (11-Jan-2018)

The US markets closed lower on Wednesday, with the S&P 500 and Nasdaq logging their first decline in 2018, as traders kept an eye on US bonds following an accelerated rise in the yield on the 10-year Treasury note, prompted by a report that China is considering halting purchases of US debt. After the record run, Wednesday's pullback was seen as merely a pause in the rally as traders took the chance to take some profits. A media report that Canada is expecting President Donald Trump to shortly announce an end to the North American Free Trade Agreement also weighed on sentiment. St. Louis Fed President James Bullard said that sub-par inflation over the past five years has cost the US economy nearly $1 trillion in nominal growth, as he fleshed out a proposal for a more dynamic system of setting price increase goals. Bullard added that the Fed's inability to get inflation to its target over the past five years has allowed a 4.6 percent gap to emerge in where the economy, measured in nominal terms before adjusting for price increases, would have been otherwise. That amounts to more than $820 billion in an $18 trillion economy. To compensate, the Fed would have to allow annual inflation of 2.5 percent for a decade - a sign of just how large the gap has become but also of how aggressive the central bank would have to be in its commitment to make up for it.

On the economy front, the cost of goods imported into the US rose slightly in December and finished the year with a 3% increase - the biggest gain in six years. Although that's much higher than the 1.9% gain in 2016, it still reflects a generally low level of inflation. In December, import prices edged up a scant 0.1% after a big oil-inspired increase in the prior month. Minus energy import prices fell 0.1%. Export prices fell 0.1% in December, the government said. They rose 2.6% for all of 2017. The cost of oil and other forms of energy rose more slowly in December. Energy prices have a big impact on overall import inflation and they largely account for the increase in 2017.

Meanwhile, US wholesale inventories rose slightly more than initially estimated in November, suggesting that inventory investment will probably contribute to economic growth in the fourth quarter. The Commerce Department said that wholesale inventories rebounded 0.8 percent after dropping 0.4 percent in October. The department reported last month that wholesale inventories jumped 0.7 percent in November. The component of wholesale inventories - that goes into the calculation of gross domestic product - wholesale stocks excluding autos - also increased 0.8 percent in November.

The Dow Jones Industrial Average lost 16.67 points or 0.07 percent to 25,369.13, the Nasdaq dropped 10.006 points or 0.14 percent to 7,153.57, and the S&P 500 edged lower by 3.06 points or 0.11 percent to 2,748.23.



Top News Today
Cerebra expands its E-Waste Recycling business
(18-Jan-2018)

Cerebra expands its E-Waste Recycling businessCerebra Integrated Technologies is enhancing its business strategy to strengthen and expand its presence in the world's fastest-growing economy by rigorously promoting E-Waste in expanding its base from......click on news to read complete article.

Ejecta Marketing opens new Birthday Store at Howrah
(18-Jan-2018)

Ejecta Marketing opens new Birthday Store at HowrahEjecta Marketing has opened the second Birthday Store at Balitikuri, kalitala, Dasnagar, Howrah in the state of West Bengal and the new store is now fully operational. The company is planning to open third......click on news to read complete article.

Maruti Suzuki's all-new Swift to debut at Auto Expo 2018
(18-Jan-2018)

Maruti SuzukiMaruti Suzuki's all-new Swift, which is built to perform, is all set for the India premier at Auto Expo 2018. The new Swift is poised to create a 'WOW' feeling among car owners and enthusiasts. Pioneering......click on news to read complete article.

International Stock News
Asian markets trade mostly higher in early deals on Thursday
(18-Jan-2018)

Asian markets trade mostly higher in early deals on ThursdayMost of the Asian equity benchmarks are trading up in the early deals on Thursday on optimism over prospects for global growth and improved corporate earnings. The dollar pulled back from three-year lows......click on news to read complete article.

US markets closed higher; Dow ends above 26,000
(18-Jan-2018)

US markets closed higher; Dow ends above 26,000The US markets closed higher on Wednesday, with the Dow industrials staged a late rally to end above 26,000 for the first time ever, knocking out another round-number milestone at a history-setting pace......click on news to read complete article.

US markets closed lower on Tuesday
(17-Jan-2018)

US markets closed lower on TuesdayThe US markets closed lower on Tuesday, after the blue-chip index relinquished all the early gains in the sharpest daily reversal in nearly two years. The New York Times reported that President Donald......click on news to read complete article.

 

     
  
Recent International & World Stock News
 
EquityInvestmentCompany ReportsIPO
Disclaimer
By clicking on this page you accept all the terms and conditions framed by us. News made available here are for informational purpose only. While utmost care has been taken in providing the same. We claim no responsibility for its accuracy. Readers of this blog who make their decision based on the information posted here are solely responsible for their actions.