Sun, 25th June 2017

Anirudh Sethi Report


Overnight US Market :Dow closed -43 points.

Stocks ended mixed Thursday as retailers dominated the news with Macy’s and Kohl’s both plunging following weak holiday-season reports that led the chains to cut their profit forecasts.

Still, the Nasdaq composite’s modest gain of 11 points, or 0.2%, was enough to notch a new all-time high. Settling at at 5487.94, it topped the old record by half a point.

The Dow Jones industrial average finished down 43 points, a 0.2% decline to 19,899.29. Losing 0.1% was the S&P 500, which settled at 2269 even.

nvestors were also focusing on upcoming U.S. jobs data following the publication of the minutes to the Federal Reserve’s last board meeting.

Private U.S. companies added 153,000 jobs in December, according to payroll processor ADP. That total was a bit lower than analysts expected and slightly slower than the pace of hiring for the rest of 2016. The government will issue its own hiring report on Friday.

Benchmark U.S. crude gained 61 cents, or 1.1%, to $53.87 a barrel in New York.

Bond prices edged higher. The yield on the 10-year Treasury note fell to 2.42% from 2.44%.

The dollar continued to slip a bit lower. It fell to 115.96 yen from 117.60 yen. The euro rose to $1.0546 from $1.0467.

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