Market Review By UFX Bank – Nov 24, 2009
Nov 24, 2009 Make Money Online
USD Dollar (USD)
The rally in Europe and Wall Street put pressure on the Dollar that fell across the board and rose only against the Yen. The existing home sales data that came at 6.1M, better than the 5.7M expected and comments about interest rate staying at low levels for some time fueled stocks. Dow Jones closed at the highest level in 13 months and ended the session with a gain of 1.29%. NASDAQ rose by 1.4% and the S&P 500 increased by 1.36%. Gold (XAU) posted new record highs above $1,170. Crude Oil jumped at the early trading hours but closed almost unchanged near the 77.5$ a barrel. Today, the GDP expected at 3% vs. 3.5% previously. The CB Consumer Confidence expected unchanged at 47.7. Also, later Federal Open Market Committee will be expected.
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Tags: BBA Mortgage Approvals, CAD, Core Retail Sales, EUR, Federal Open Market Committee, Forex, GDP, Gold, JPY, Nasdaq, PMI, US Dollar, USD, XAU
Wall Street futures point to lower start; results due
Oct 22, 2009 Make Money Online
Futures for the Dow Jones industrial average, the S&P 500 and the Nasdaq 100 fell 0.1 to 0.5 percent, pointing to a weaker start on Wall Street on Thursday.
The Labor Department releases at 8.30 a.m. EDT first-time claims for jobless benefits for the week ended October 17. Economists in a Reuters survey forecast a total of 515,000 new filings compared with 514,000 in the prior week.
Microsoft Corp (MSFT.O) launched Windows 7 on Thursday in its most important release for more than a decade, aiming to win back customers after the disappointing Vista and strengthen its grip on the PC market.
Investors awaited more results from companies such as
American Express, Amazon.com (AMZN.O), AT&T, 3M Co., McDonald’s Corp., Dow Chemicals, Merck & Co. and Xerox Corp.
U.S. crude oil fell 1 percent to trade near $80 a barrel, weighed down by gains in the dollar.
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Tags: Amazon.com, American Express, AMZN.O, Crude Oil, Dow Chemicals, Dow Jones, Ebay, economists, EDT, Home Price Index, Investors, Labor Department, McDonald's Corp, Microsoft Corp, MSFT.O, Nasdaq, PC Market, Stock Market, Wall Street, Xerox Corp
