Sunday, December 10, 2023
Market-Reporter
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate
No Result
View All Result
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate
No Result
View All Result
Market-Reporter
No Result
View All Result
Home U.S. Markets

Shock consumer gloom data knocks the wind out of US stocks

MtR by MtR
August 14, 2021
in U.S. Markets
0
Shock consumer gloom data knocks the wind out of US stocks


A surprisingly sharp drop in US consumer sentiment checked what had been turning into a run away stock market rally. 

he University of Michigan said its preliminary consumer sentiment index fell to 70.2 in the first half of this month from a final reading of 81.2 in July. That was the lowest level since 2011 and a worrying sign for the economy as Americans gave faltering outlooks on everything from personal finances to inflation and employment.

“The renewed plunge suggests the latest wave of virus cases driven by the Delta variant could be a bigger drag on the economy than we had thought,” said Andrew Hunter, an economist at Capital Economics.

US stock market indexes slipped immediately after the report was released. Earlier the Dow Jones and the S&P 500 share indices had opened at record highs yesterday, boosted by Walt Disney and tech-related shares, while signs of cooling inflation and a strong recovery in corporate earnings put the indexes on track for a second straight weekly gain.

Six of the 11 major S&P sectors advanced in early trading, with communications services, which houses Netflix, Disney, Facebook and Google-owner Alphabet rising 0.5pc.

Disney jumped 3.1pc after it topped Wall Street expectations for quarterly earnings as its streaming services picked up more customers than expected and pandemic-hit U.S. theme parks returned to profitability.

A stellar earnings season, improving economic data and the Senate’s passage of a large infrastructure bill have all reinforced investors’ belief in the economic recovery. , pushing U.S. stocks to all-time highs in the past few sessions.
 (Reuters)



Source link

Related articles

Famous Christmas markets in the USA – Times of India

Famous Christmas markets in the USA – Times of India

December 10, 2023
US market distortions put spotlight back on 30-year mortgage debate

US market distortions put spotlight back on 30-year mortgage debate

December 10, 2023

Related Posts

Famous Christmas markets in the USA – Times of India

Famous Christmas markets in the USA – Times of India

by MtR
December 10, 2023
0

Famous Christmas markets in the USA  Times of India Source link

US market distortions put spotlight back on 30-year mortgage debate

US market distortions put spotlight back on 30-year mortgage debate

by MtR
December 10, 2023
0

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.There are...

Apple remains the top dog in US stock markets $3tn valuation – The Irish Times

Apple remains the top dog in US stock markets $3tn valuation – The Irish Times

by MtR
December 10, 2023
0

Apple’s market capitalisation topped $3 trillion (€2.8 billion) last week, regaining that threshold for the first time since August.Apple made...

Week Ahead: Inflation data, US Fed policy, FII mood among key market triggers as Nifty 50 tests 21,500 this week

Week Ahead: Inflation data, US Fed policy, FII mood among key market triggers as Nifty 50 tests 21,500 this week

by MtR
December 10, 2023
0

Investors will eye a host of stock market triggers in the second week of December including domestic macroeconomic data, policy...

US Oil Will Keep Booming in 2024, Setting up Possible Clash With Saudis

US Oil Will Keep Booming in 2024, Setting up Possible Clash With Saudis

by MtR
December 10, 2023
0

US oil production is expected to keep booming in 2024, possibly hitting a fresh high of 13.3 million barrels a...

Load More
  • Trending
  • Comments
  • Latest
Bank of England tells ministers to intervene on digital currency ‘programming’

Bank of England tells ministers to intervene on digital currency ‘programming’

June 21, 2021
Tips for checking smoke alarms during daylight saving time

Tips for checking smoke alarms during daylight saving time

March 12, 2022
GLOBAL MARKETS-U.S. stocks follow Europe up; Treasury yields rise, dollar firm

GLOBAL MARKETS-U.S. stocks follow Europe up; Treasury yields rise, dollar firm

July 9, 2021
What will Durham County education bonds pay for? A full list

What will Durham County education bonds pay for? A full list

July 8, 2022
African currencies week ahead: Zambia's kwacha seen on back foot, Kenyan shilling up – Business Recorder

African currencies week ahead: Zambia's kwacha seen on back foot, Kenyan shilling up – Business Recorder

0
Maxum Foods releases Global Dairy Commodity Update for June

Maxum Foods releases Global Dairy Commodity Update for June

0
Letter: Perpetual bonds can help states fight hunger

Letter: Perpetual bonds can help states fight hunger

0
United Kingdom ETFs Are Riding the Re-Opening Momentum

United Kingdom ETFs Are Riding the Re-Opening Momentum

0
Don’t Forget to Pay Your 2023 Estimated Taxes. Here’s When the Final Payment’s Due

Don’t Forget to Pay Your 2023 Estimated Taxes. Here’s When the Final Payment’s Due

December 10, 2023
Famous Christmas markets in the USA – Times of India

Famous Christmas markets in the USA – Times of India

December 10, 2023
RHI Magnesita eyes USD 1 bn revenues from India, Middle East, Africa region: CEO Stefan Borgas

RHI Magnesita eyes USD 1 bn revenues from India, Middle East, Africa region: CEO Stefan Borgas

December 10, 2023
Market Views: Predictions for best-performing EM currency of 2024 | Fund Managers

Market Views: Predictions for best-performing EM currency of 2024 | Fund Managers

December 10, 2023

Recent News

Don’t Forget to Pay Your 2023 Estimated Taxes. Here’s When the Final Payment’s Due

Don’t Forget to Pay Your 2023 Estimated Taxes. Here’s When the Final Payment’s Due

December 10, 2023
Famous Christmas markets in the USA – Times of India

Famous Christmas markets in the USA – Times of India

December 10, 2023
RHI Magnesita eyes USD 1 bn revenues from India, Middle East, Africa region: CEO Stefan Borgas

RHI Magnesita eyes USD 1 bn revenues from India, Middle East, Africa region: CEO Stefan Borgas

December 10, 2023

Categories

  • Asia
  • Bonds
  • Canada
  • Commodities
  • Cryptocurrencies
  • Currencies
  • Emerging Markets
  • ETFs
  • Europe & Middle East
  • IPOs
  • Latin America
  • Mutual Funds
  • Personal Finance
  • Real Estate
  • Retirement
  • Spending & Saving
  • Stocks
  • U.S. Markets
  • Privacy & Policy
  • About Us
  • Contact Us
  • Advertise with us

© 2021 Copyright Market-Reporter

No Result
View All Result
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate

© 2021 Copyright Market-Reporter