{"id":125459,"date":"2018-04-20T05:55:33","date_gmt":"2018-04-20T09:55:33","guid":{"rendered":"http:\/\/countingpips.com\/?p=125459"},"modified":"2018-06-01T15:40:50","modified_gmt":"2018-06-01T15:40:50","slug":"us-stocks-pull-back-on-mixed-reports","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/04\/us-stocks-pull-back-on-mixed-reports\/","title":{"rendered":"US stocks pull back on mixed reports"},"content":{"rendered":"
April 20, 2018<\/div>
\r\n<\/div><\/div>

By IFCMarkets<\/a><\/p>\n

\n
\n

Dow dips back into negative territory<\/h2>\n<\/div>\n<\/div>\n

US stocks\u00a0<\/b>closed lower on Thursday on mixed corporate reports.\u00a0Dow Jones\u00a0<\/em>industrial average lost 0.3% to 24664.89, falling back into negative territory for 2018. The\u00a0S&P 500\u00a0<\/em>fell 0.6% to 2693.13 with nine of the 11 main sectors ending lower. The\u00a0Nasdaq\u00a0<\/a>composite dropped 0.8% to 7238.06. The dollar strengthened: 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, rose 0.3% to 89.85. Stock indices futures indicate lower openings today.<\/p>\n

\n
\n

The rise in yields of long dated Treasurys was also a drag on equities as inflation expectations rose to the highest level in about three years. In economic news Fed Governor Lael Brainard said she saw \u201csome signs of financial imbalances in the economy.\u201d Weekly jobless claims were slightly higher at 232,000 for the week while 230,000 claims were expected. And an April reading of business conditions from the Philadelphia Federal Reserve rose to 23.2 from 22.3.<\/p>\n

\"DJI\"<\/p>\n<\/div>\n<\/div>\n

 <\/p>\n

\n
\n

DAX slides as European indices edge up<\/h2>\n<\/div>\n<\/div>\n

European stocks\u00a0<\/b>ended marginally higher on Thursday led by energy shares. The\u00a0euro\u00a0<\/em>joined\u00a0British Pound\u2019s\u00a0<\/em>retreat against the dollar. The Stoxx Europe 600 index ended less than 0.1% higher. Germany\u2019s\u00a0DAX 30\u00a0<\/a>underperformed falling 0.2% to 12567.42. France\u2019s\u00a0CAC 40\u00a0<\/em>rose 0.2% and UK\u2019s\u00a0FTSE 100\u00a0<\/em>gained 0.2% to 7328.92. Indices opened mixed today.<\/p>\n

\n
\n

Pound\u2019s weakening accelerated after report UK retail sales fell 1.2% month-on-month in March, missing forecasts, of 0.4% decline. And euro-zone\u2019s current account surplus eased to 35.1 billion euros in February compared with January, still up compared with the year-earlier period.<\/p>\n<\/div>\n<\/div>\n

\n
\n

Technology shares lead Asian markets lower<\/h2>\n<\/div>\n<\/div>\n

Asian stock indices<\/b>\u00a0are mostly lower today after Taiwan Semiconductor Manufacturing cut its revenue target citing softer demand for smartphones.\u00a0Nikkei\u00a0<\/em>slipped 0.1% to 22162.24 despite continued yen weakening against the dollar. Earlier inflation report indicated Japan\u2019s core consumer prices rose 0.9% from a year earlier in March, versus February\u2019s reading of 1%. Chinese stocks are down: the\u00a0Shanghai Composite Index\u00a0<\/em>is 1.5% lower and Hong Kong\u2019s\u00a0Hang Seng Index\u00a0<\/em>is down 1.2%. Australia\u2019s All Ordinaries Index is down 0.2% despite Australian dollar fall against the greenback.<\/p>\n

\n
\n

Brent\u00a0<\/a>slides<\/h2>\n<\/div>\n<\/div>\n

Brent futures prices\u00a0<\/b>are edging lower ahead of the joint Organization of the Petroleum Exporting Countries and non-OPEC ministerial monitoring committee (JMMC) meeting today. They ended higher yesterday: Brent for June settlement rose 0.4% to close at $73.78 a barrel on Thursday.<\/p>\n

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

\r\n
\r\n

Free Reports:<\/p><\/div>\r\n

\r\n

<\/a>\r\n\t Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p>

\r\n
\r\n
\r\n

<\/a>\r\n\t Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p>

\r\n<\/div>\r\n

\r\n
<\/div>\n

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 dips back into negative territory US stocks\u00a0closed lower on Thursday on mixed corporate reports.\u00a0Dow Jones\u00a0industrial average lost 0.3% to 24664.89, falling back into negative territory for 2018. The\u00a0S&P 500\u00a0fell 0.6% to 2693.13 with nine of the 11 main sectors ending lower. The\u00a0Nasdaq\u00a0composite dropped 0.8% to 7238.06. The dollar strengthened: the\u00a0live dollar index\u00a0data […]<\/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-125459","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/125459","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=125459"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/125459\/revisions"}],"predecessor-version":[{"id":125463,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/125459\/revisions\/125463"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=125459"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=125459"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=125459"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}