Tickers in this article: SPY, DIA, QQQ, IWM The U.S. market moved higher over the past week, as of Thursday's close, driven mainly by strong earnings late in the week. While the average American's expectations for the economy reached a 13-month low in October, the economy grew at a 3.9% clip during the second quarter, driven by stable housing and jobs data. The market has all but priced out a December rate hike, however, which means the positive data could be tempered by renewed interest rate concerns. International markets followed the U.S. markets higher over the past week, as of Thursday's close. Japan's Nikkei 225 rose 0.93%; Germany's DAX 30 rose 3.84%; and, Britain's FTSE 100 rose 0.06%. In Europe, investors have become bullish amid expectations that the ECB will expand its stimulus programs. In Asia, Chinese stocks experienced a late-week slump in a sign that volatility may be returning to the region that has been troubled with concerns over its economic growth. 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. Disclosure - At the time of writing, the author did not own shares of any company mentioned in this article.
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