{"id":137236,"date":"2018-11-15T06:55:09","date_gmt":"2018-11-15T11:55:09","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=137236"},"modified":"2018-11-15T06:40:36","modified_gmt":"2018-11-15T11:40:36","slug":"us-stocks-extend-losses-as-apple-approaches-bear-market","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/11\/us-stocks-extend-losses-as-apple-approaches-bear-market\/","title":{"rendered":"US stocks extend losses as Apple approaches bear market"},"content":{"rendered":"
November 15, 2018<\/div>
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By IFCMarkets<\/a><\/p>\n

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Fed seen holding steady after strong inflation data<\/h2>\n<\/div>\n<\/div>\n

US equities <\/b> slide deepened on Wednesday as Apple approached bear territory. The S&P 500<\/a> lost 0.8% to 2701.58. The Dow Jones <\/em> industrial average slid 0.8% to 25080.50. Nasdaq <\/em> composite index fell 0.9% to 7136.39. The dollar weakening slowed after strong October inflation report, in line with forecasts, gave no reason to expect a change in Fed\u2019s tightening pace: the live dollar index<\/a> data show the ICE US Dollar index, a measure of the dollar\u2019s strength against a basket of six rival currencies, slipped 0.04% to 96.97 and is lower currently. Futures on stock indices indicate higher openings today.<\/p>\n

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CAC 40 opens higher than other European indices<\/h2>\n<\/div>\n<\/div>\n

European stocks <\/b> resumed declining on Wednesday. EUR\/USD <\/em> extended gains despite Italy confirming original plans for 2019 budget deficit while the GBP\/USD<\/em> edged lower despite Prime Minister May success to get cabinet support for her Brexit proposal negotiated with the EU. Both pairs are higher currently. The Stoxx Europe 600 lost 0.6%. Germany\u2019s DAX 30 <\/em> slid 0.5% to 11412.53. France\u2019s CAC 40 <\/a> fell 0.7% and UK\u2019s FTSE 100 <\/em> slipped 0.3% to 7033.79. Indices opened 0.2% – 0.5% higher today.<\/p>\n

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Hang Seng leads Asian indices rebound<\/h2>\n<\/div>\n<\/div>\n

Asian stock indices<\/b> are mostly higher today on US-China trade talks progress hopes. Nikkei <\/em> lost 0.2% to 21803.62 with yen little changed against the dollar. China\u2019s stocks rebounded supported by news China had sent a written response to US demands for trade reform: the Shanghai Composite Index <\/em> is up 1.4% and Hong Kong\u2019s Hang Seng Index <\/em> is 1.6% higher. Australia\u2019s All Ordinaries Index added 0.1% while the Australian dollar climb against the greenback persisted.<\/p>\n

\"HK50<\/p>\n

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Brent <\/a> up despite expected US inventories build<\/h2>\n<\/div>\n<\/div>\n

Brent futures prices <\/b> are edging higher today. Yesterday the American Petroleum Institute reported that US crude supplies rose by 8.8 million barrels last week. Prices ended higher yesterday: the January Brent crude gained 1% to $66.12 a barrel on Wednesday. Today at 16:30 CET the Energy Information Administration will release US Crude Oil Inventories.<\/p>\n

\nMarket 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 Fed seen holding steady after strong inflation data US equities slide deepened on Wednesday as Apple approached bear territory. The S&P 500 lost 0.8% to 2701.58. The Dow Jones industrial average slid 0.8% to 25080.50. Nasdaq composite index fell 0.9% to 7136.39. The dollar weakening slowed after strong October inflation report, in line […]<\/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-137236","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/137236","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=137236"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/137236\/revisions"}],"predecessor-version":[{"id":137243,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/137236\/revisions\/137243"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=137236"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=137236"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=137236"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}