Investing.com - Financial Markets Worldwide
Get 40% Off
Get 40% Off
These stocks are up over 10% post earnings. Did you spot the buying opportunity? Our AI did.Read how

Daily Analysis – US Stocks Rally On Bernanke Comments

ByBinary Options Strategy
Published 08/28/2012, 07:28 AM
Updated 05/14/2017, 06:45 AM
Equities

Asian markets slumped on Friday, as weak economic data overshadowed hopes for stimulus measures. The Nikkei dropped 1.2% to 9071, the Kospi fell 1.2% to 1920, and the ASX 200 declined .8%. Miners tumbled, as Rio Tinto skidded 4.4% and Fortescue Metals sank 6.1%. The Shanghai Composite lost 1% to 2092, and the Hang Seng slumped 235 points to 19876.

European markets settled slightly higher, amid news that the ECB may consider bond-yield targets to stabilize debt-ridden countries. The DAX rose .3% to 6971, while the CAC40 and FTSE settled flat.

Across the Atlantic, investors snapped up stocks after Bernanke hinted that additional measures may soon be announced. The Dow climbed 101 points to 13158, the S&P 500 advanced .7% to 1411, and the Nasdaq gained .5% to 3070.

Dow jones Indu Average Index

Autodesk shares tanked 15.6% after earnings missed forecasts.

Currencies

The Dollar traded higher, while European currencies declined. The Euro and Swiss Franc fell .4%, and the Pound declined .3% to 1.5810. The Australian Dollar lost .4% to 1.0400, and the Yen retreated .2% to 78.68.

Economic Outlook

Durable goods orders jumped 4.2% last month, blowing past forecasts for a 2.6% increase.

Monday’s sole report will be the Dallas Fed manufacturing survey. The UK will observe a bank holiday, so trading volumes in Europe are likely to be light.

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.