FXstreet.com (Córdoba) - US stocks are trading into the red on Wednesday halting a 4-session advance for the S&P 500 index as another set of weak economic reports pointed to a slowdown in the economic recovery, triggering risk aversion among investors.
The Dow Jones industrial average is 145 points or 1.15% down, at 12425. The Standard & Poor's 500 Index is 14 points or 1.05% into red ground, at 1331. The Nasdaq Composite Index is 23 points or 0.83% behind at 2810.
An ADP report showed that private employers added 38K jobs in May, the lowest level since September 2010 and quite below the 175K expected. The ISM index of manufacturing activity fell to 53.5 in May, its lowest reading since September 2009.
Risk aversion has left the Greenback mixed in the FX market, gaining against commodity currencies, and losing versus safe-haven currencies as the Yen and the Franc. Oil has slid below $102 a barrel while gold soared to $1550 an ounce.
The Dow Jones industrial average is 145 points or 1.15% down, at 12425. The Standard & Poor's 500 Index is 14 points or 1.05% into red ground, at 1331. The Nasdaq Composite Index is 23 points or 0.83% behind at 2810.
An ADP report showed that private employers added 38K jobs in May, the lowest level since September 2010 and quite below the 175K expected. The ISM index of manufacturing activity fell to 53.5 in May, its lowest reading since September 2009.
Risk aversion has left the Greenback mixed in the FX market, gaining against commodity currencies, and losing versus safe-haven currencies as the Yen and the Franc. Oil has slid below $102 a barrel while gold soared to $1550 an ounce.
No comments:
Post a Comment