{"id":113340,"date":"2017-09-22T06:41:27","date_gmt":"2017-09-22T10:41:27","guid":{"rendered":"http:\/\/countingpips.com\/?p=113340"},"modified":"2017-09-22T05:42:21","modified_gmt":"2017-09-22T09:42:21","slug":"us-stocks-slip-from-all-time-highs","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2017\/09\/us-stocks-slip-from-all-time-highs\/","title":{"rendered":"US stocks slip from all-time highs"},"content":{"rendered":"
September 22, 2017<\/div>
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By IFCMarkets<\/a><\/p>\n

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Dow snaps nine session winning streak<\/h2>\n<\/div>\n<\/div>\n

US stocks\u00a0<\/b>slipped on Thursday led by consumer staples and technology shares. The dollar weakened: the\u00a0live dollar index<\/a>\u00a0data show the ICE US Dollar index, a measure of the dollar\u2019s strength against a basket of six rival currencies, fell 0.3% to 92.163.\u00a0Dow Jones<\/em>industrial average lost 0.2% to 22419.51 snapping nine-session winning streak, weighed by Procter & Gamble and Apple shares. The\u00a0S&P 500\u00a0<\/em>fell 0.3% settling at 2500.60 with nine out of 11 main sectors closing lower. The\u00a0Nasdaq\u00a0<\/a>index dropped 0.5% closing at 6422.69..<\/p>\n

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Stocks retreated a day after the Federal Reserve announced it would start reducing its $4.5 trillion balance sheet in October and signaled plans for another rate hike in 2017 and three more rate hikes in 2018. Positive economic data were shrugged off by markets: initial jobless claims fell sharply despite an expected spike following recent hurricanes. And the Philadelphia Fed manufacturing index rose more than expected to a reading of 23.8, a three-month high, from 18.9 in August.<\/p>\n<\/div>\n<\/div>\n

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Banks lead of European markets higher<\/h2>\n<\/div>\n<\/div>\n

European stocks\u00a0<\/b>advanced on Thursday led by bank shares. Both\u00a0euro\u00a0<\/em>and\u00a0British Pound\u00a0<\/em>resumed climbing against the dollar. The Stoxx Europe 600 closed 0.2% higher. Germany\u2019s\u00a0DAX 30\u00a0<\/a>rose 0.3% to 12600.03. France\u2019s\u00a0CAC 40<\/em>\u00a0outperformed gaining 0.5% while UK\u2019s\u00a0FTSE 100\u00a0<\/em>fell 0.1% to 7263.90. Indices opened 0.2% lower today.<\/p>\n

\"GB<\/p>\n

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Asian markets lower after North Korea bomb test threat<\/h2>\n<\/div>\n<\/div>\n

Asian stock indices<\/b>\u00a0are mostly lower today after North Korea threatened to test a hydrogen bomb in the Pacific Ocean.\u00a0Nikkei\u00a0<\/em>ended lower 0.3% at 20296.45 as yen gained against the dollar on the back of strong haven demand.. Chinese stocks are down after S&P Global Ratings downgraded China’s long-term sovereign credit rating on Thursday citing increasing risks from heavy debt load: the\u00a0Shanghai Composite Index\u00a0<\/em>is down 0.2% and Hong Kong\u2019s\u00a0Hang Seng Index\u00a0<\/em>is 0.7% lower. Australia\u2019s All Ordinaries Index managed to rise 0.4% as the Australian dollar extended losses against the greenback after Australia\u2019s central bank governor Lowe\u2019s comment Thursday the central bank does not have to follow a general move globally to raise interest rates.<\/p>\n

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Oil higher ahead of OPEC meeting<\/h2>\n<\/div>\n<\/div>\n

Oil futures prices\u00a0<\/b>are inching higher ahead of a meeting of major oil producers today as they are expected to discuss the production cuts agreement progress and possibly extend the agreement beyond March 2018. Prices rose yesterday: Brent for November settlement rose 0.3% to end the session at $56.43 a barrel on the London-based ICE Futures exchange on Thursday.<\/p>\n

Market Analysis provided by IFCMarkets<\/a><\/p>

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Note:
\nThis overview has an informative and tutorial character and is published for free. All the data, included in the overview, are received from public sources, recognized as more or less reliable. Moreover, there is no guarantee that the indicated information is full and precise. Overviews are not updated. The whole information in each overview, including opinion, indicators, charts and anything else, is provided only for familiarization purposes and is not financial advice or \u0430 recommendation. The whole text and its any part, as well as the charts cannot be considered as an offer to make a deal with any asset. IFC Markets and its employees under any circumstances are not liable for any action taken by someone else during or after reading the overview.<\/p>\n","protected":false},"excerpt":{"rendered":"

By IFCMarkets Dow snaps nine session winning streak US stocks\u00a0slipped on Thursday led by consumer staples and technology shares. The dollar weakened: the\u00a0live dollar index\u00a0data show the ICE US Dollar index, a measure of the dollar\u2019s strength against a basket of six rival currencies, fell 0.3% to 92.163.\u00a0Dow Jonesindustrial average lost 0.2% to 22419.51 snapping […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-113340","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/113340","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=113340"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/113340\/revisions"}],"predecessor-version":[{"id":113348,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/113340\/revisions\/113348"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=113340"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=113340"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=113340"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}