Stocks Show Substantial Move To learn more The Downside In Early Trading – U.S. Commentary – NASDAQ.com
“European markets have opened flat this morning, showing similar indecisiveness as US and Asian markets,” said Capital Spreads dealer Jonathan Sudaria. “Theres a huge amount of uncertainty already stalking sentiment at the moment with the situation in Ukraine still so fluid but also the natural caution ahead of tomorrows US jobs data.” Asian equities traded mixed after US data showing the world’s top economy grew much more than expected in the second quarter was offset by late profit-taking. Official data showed on Wednesday that the US economy grew by 4.0 percent in April-June, much more than the 3.0 percent forecast. It was also a sharp reversal on the 2.1 percent contraction in the previous three months that was caused by a severe winter.
Most active New York Stock Exchange-traded stocks – Yahoo News
Disappointing U.S. economic data may also be weighing on the markets, with a report from the Labor Department showing that initial jobless claims saw a notable rebound in the week ended July 26th. The report said initial jobless claims climbed to 302,000, an increase of 23,000 from the previous week’s revised level of 279,000. Economists had expected jobless claims to rise to 301,000. The previous week’s revised level represents the lowest number of jobless claims since May of 2000, when claims hit 276,000.
Speaking to reporters after the collapse of talks, Kicillof repeatedly referred to the investors as “vultures” and called their demands “extortion.” The default did not seem to rattle global markets, largely because investors have been well aware of Argentina’s problems since its record $100 billion default in 2001. Also, traders had been preparing for a worst-case scenario before the talks fell apart, and many still hope a deal will be struck soon. “The markets already sold off a fair amount before the news late yesterday night that we were definitely going into a default scenario,” said Alberto Ramos, who analyzes Argentina for Goldman Sachs. “But now, there’s still the possibility that some deal is reached between the holdouts and some private entity.” If a private group were to buy the debt, he said, that could lift a court order blocking Argentina from paying $539 million in interest due to bondholders “and the default can be cured rather rapidly.
Stocks fall in Argentina as country enters default – Yahoo Finance
25 minutes ago NEW YORK (AP) — A look at New York Stock Exchange 10 most-active stocks at 1 p.m.: AT&T Inc. rose .6 percent to $36.07 with 11,282,200 shares traded. Advanced Micro Devices Inc. rose .9 percent to $4.28 with 12,289,900 shares traded.