| Tickers in this article: SPY, DIA, QQQ, IWM The U.S. markets moved lower over the past week, as of Thursday's close, with technology stocks on the NASDAQ leading the decline. With the trade deficit moving to its lowest level in five months and exports edging higher, investors regained some confidence in the economy in spite of ongoing turmoil abroad. The only major concern is that equity valuations may be a bit lofty, with a CAPE ratio of around 25x compared to the S&P 500's 17x long-term average.
International markets moved largely lower over the past week, as of Thursday's close. Japan's Nikkei 225 fell 4.17%; Germany's DAX 30 rose 0.19%; and, Britain's FTSE 100 fell 0.38%. In Europe, the regional economy grew faster than many expected in August, although France continues to lag behind the other economies. In Asia, investors witnessed weaker than expected Japanese data, but remained largely focused on China's struggling economy and stock market...
Refine Your Financial Vocabulary Sign up to receive our FREE Term of the Day newsletter. Gain a better understanding all things financial with technical and easy-to-understand explanations. Click here to begin developing your financial language with this daily newsletter. Charts courtesy of stockcharts.com Disclosure - At the time of writing, the author did not own shares of any company mentioned in this article.
|
No comments:
Post a Comment