Popular Posts Last 7 days_$type=three$meta=0$snip=0$rm=0$count=9$show=/search/label/Popular

Popular Posts Last 30 days_$type=three$meta=0$snip=0$rm=0$count=9$show=/search/label/Popular

Popular Posts Last year_$type=three$meta=0$snip=0$rm=0$count=9$show=/search/label/Popular

Popular Posts All time_$type=three$meta=0$snip=0$rm=0$count=9$show=/search/label/Popular

Islamophobia_$type=carousel$h=350$show=/search/label/Muslim%20World

Saudi Arabia$type=two$count=2$h=250$space=1$icon=1$m=0$sn=0$rm=0$show=/search/label/Muslim%20World

Iran_$type=three$count=3$h=250$space=1$icon=1$m=0$sn=0$rm=0$show=/search/label/Muslim%20World

Palestine$type=three$author=hide$comment=hide$rm=hide$date=hide$show=/search/label/Muslim%20World

Energy stocks helps Wall St. rein in losses; consumer shares weigh

SHARE:

Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., September 8, 2017.

The S&P and Dow clawed back earlier losses to trade little change on Thursday morning, helped by a jump in energy stocks as oil prices jumped, but the Nasdaq was kept lower by a drop in consumer discretionary shares.

U.S. stocks opened lower after a Labor Department report showed consumer prices rose more than expected in August, boosting the odds of another interest rate hike this year.

The consumer price index’s (CPI) 0.4 percent gain last month was its biggest in seven months and is the last major economic data to be released ahead of the Federal Reserve’s Sept. 19-20 policy meeting.

The firming in inflation, along with a weekly jobless claims report that showed the labor market stays near full employment, could cause the Fed to consider raising rates for a third time this year in December.


“I don’t think the market was expecting that kind of a strength in terms of inflation,” said Victor Jones, director of trading at TD Ameritrade.

“What people want is know is whether or not Yellen is going to talk about the lack of inflation as transitory, or whether it is continuing to concern them. The tone coming out of September meeting will help drive the expectations into December.”

After the data was released, the odds of a hike in December rose to top 50 percent for the first time since July, from 41.3 percent, according to CME Group’s FedWatch tool.

At 10:57 a.m. ET, the Dow Jones Industrial Average was up 10.64 points, or 0.05 percent, at 22,168.82 and the S&P 500 was down 2.21 points, or 0.09 percent, at 2,496.16. The Nasdaq Composite was down 14.38 points, or 0.22 percent, at 6,445.81.

Six of the 11 major S&P sectors were higher.

The energy index’s .SPNY 0.94 percent rise led the gainers as U.S. crude CLc1 hit $50 per barrel for the first time since Aug. 10 on a bullish demand forecast by the International Energy Agency.

Helping the Dow stay in positive territory was Boeing, which rose 1.3 percent after Deutsche Bank raised its price target on the stock.

The consumer discretionary index .SPLRCD was down 0.33 percent, led by declines of 0.7 percent to 0.9 percent in Amazon, Disney and Charter Communications.

Equifax tumbled as much as 8.9 percent to its lowest level since February 2015 after the Federal Trade Commission opened a probe into the company’s massive data breach.

Advancing issues outnumbered decliners on the NYSE by 1,416 to 1,302. On the Nasdaq, 1,353 issues fell and 1,323 advanced.

COMMENTS

Name

Ads,5,Afghanistan,75,Africa,26,Americas,5,Animals,36,Argentina,1,Asia,235,Australia,11,Austria,5,Bahrain,2,Bangladesh,18,Barcelona,1,Belgium,3,Brunei,1,Business,1300,Canada,4,Catalan,80,China,118,Cuba,3,Czech Republic,3,DR Congo,1,Egypt,22,Ethiopia,1,Europe,237,Fitness,14,France,26,Germany,37,Headlines,11,Health,169,Hillary Clinton,199,Hong Kong,2,Hungary,1,Iceland,1,India,104,Indonesia,9,International,75,Iran,77,Iraq,77,Ireland,2,Islamophobia,19,Israel,10,Italy,3,Japan,36,Jordan,1,Kenya,7,Kosovo,1,Kuwait,3,Lebanon,2,Libya,2,Lifestyle,302,Lithuania,1,Malawi,1,Malaysia,15,Malta,1,Maxico,3,Middle East,127,Muslim World,598,Myanmar,35,Nawaz Sharif,5,Nepal,3,Netherlands,2,New Zealand,9,Niger,1,Nigeria,2,Nobel Prize,81,North Korea,53,Norway,1,Opinion,26,Pakistan,1036,Palestine,36,Philippine,16,Pics,66,Poland,3,Popular,1,Qatar,93,Rohingya,118,Russia,45,Rwanda,1,Saudi Arabia,83,Science,144,Serbia,2,Showbiz,350,Somalia,4,South Africa,1,South Korea,7,Spain,60,Sports,1311,Sudan,1,Sweden,1,Switzerland,2,Syria,112,Taiwan,2,Technology,449,Thailand,5,Today IN History,24,Top News,994,Tunisia,1,Turkey,77,U.S.,301,UAE,21,UK,51,Ukrain,2,Venezuela,4,Videos,75,Vietnam,2,World,4824,Yemen,21,Zimbabwe,2,
ltr
item
Muslim Global: Energy stocks helps Wall St. rein in losses; consumer shares weigh
Energy stocks helps Wall St. rein in losses; consumer shares weigh
The S&P and Dow clawed back earlier losses to trade little change on Thursday morning, helped by a jump in energy stocks as oil prices jumped, but the Nasdaq was kept lower by a drop in consumer discretionary shares.
https://3.bp.blogspot.com/-2j-LbuMzFQ4/Wbq99k1CQeI/AAAAAAAAgU0/5tmFwYg1-lgAGQ9DR51GyOTJLzZS8B2vQCLcBGAs/s640/Traders%2Bwork%2Bon%2Bthe%2Bfloor%2Bof%2Bthe%2BNew%2BYork%2BStock%2BExchange.jpg
https://3.bp.blogspot.com/-2j-LbuMzFQ4/Wbq99k1CQeI/AAAAAAAAgU0/5tmFwYg1-lgAGQ9DR51GyOTJLzZS8B2vQCLcBGAs/s72-c/Traders%2Bwork%2Bon%2Bthe%2Bfloor%2Bof%2Bthe%2BNew%2BYork%2BStock%2BExchange.jpg
Muslim Global
http://www.muslimglobal.com/2017/09/energy-stocks-helps-wall-st-rein-in.html
http://www.muslimglobal.com/
http://www.muslimglobal.com/
http://www.muslimglobal.com/2017/09/energy-stocks-helps-wall-st-rein-in.html
true
616431133175714168
UTF-8
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS CONTENT IS PREMIUM Please share to unlock Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy