Arab Today, arab today after week wall street could get a break
Last Updated : GMT 13:08:58
Arab Today, arab today
Arab Today, arab today

After week wall Street could get a break

Arab Today, arab today

Arab Today, arab today After week wall Street could get a break

New York - Arabstoday

After a drama-packed week of central bank meetings, economic indicators and corporate earnings, Wall Street just may find some relief in the dog days of summer. The US Federal Reserve and the European Central Bank dashed hopes for policy action and the July US jobs report stirred the bulls with employment gains well above expectations. Calendars will be noticeably lighter next week as vacation season hits high gear, offering perhaps a respite to investors wanting to coolly scrutinize their options. The main Wall Street indices slid for four days before the Labor Department\'s report Friday kicked off a powerful rally. Over the course of the week, the Dow Jones Industrial Average gained a meager 0.16 percent, finishing at 13,096.17 points, the blue-chip index\'s highest close since May 3. The tech-rich Nasdaq rose 0.33 percent to 2,967.90 points. The Standard & Poor\'s 500, a broad measure of the markets, advanced 0.36 percent to 1,390.99 points. Wall Street spent the early part of the week waiting for back-to-back policy decisions from the Fed on Wednesday, and from the ECB on Thursday. In the end, both the Fed and ECB dashed hopes for fresh action to jumpstart weak economies, and in the case of the ECB, to take immediate action addressing the euro zone sovereign debt crisis. Stocks slumped. Then Friday\'s highly anticipated jobs report came in, showing the United States added 163,000 jobs in July, well above the 100,000 expected, while the unemployment rate rose a tenth of a point to 8.3 percent. Stocks jumped. \"The sentiment of today\'s (Friday\'s) report is likely to carry into next week,\" said Jason Schenker of Prestige Economics. IHS Global Insight analysts Paul Edelstein and Nigel Gault said the favorable jobs outlook was unlikely to change the Fed\'s outlook, which they saw as heading toward a third round of bond-buying to help boost the sluggish economy. \"The report will alleviate fears that the US might be tipping back into recession, but we do not believe that it was strong enough to dissuade the Fed from introducing a new quantitative easing program at its next meeting\" on Sept. 12-13, they said. Earnings season enters the final lap next week. Briefing.com analysts noted just over 80 percent of the S&P 500 companies had reported quarterly results, with about two-thirds of them having beaten earnings estimates. \"On the other hand, roughly 56 percent of companies have missed sales expectations. Guidance has been decidedly cautious,\" they said. Among companies lined up to release reports next week are The Disney Company, on Tuesday, and News Corp., on Wednesday. The economic calendar is light on major indicators, except for Thursday\'s official data on the June US trade deficit. From:Arabsnews

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today after week wall street could get a break Arab Today, arab today after week wall street could get a break

 



Arab Today, arab today
Arab Today, arab today Heart of Turkish Riviera is Alluring Seaside Escape

GMT 11:11 2017 Tuesday ,28 March

Heart of Turkish Riviera is Alluring Seaside Escape
Arab Today, arab today 5 Crafty Must-Have Limited-Budget Ideas

GMT 17:03 2017 Saturday ,25 March

5 Crafty Must-Have Limited-Budget Ideas
Arab Today, arab today Russia, Iran ink economic deals

GMT 08:03 2017 Wednesday ,29 March

Russia, Iran ink economic deals
Arab Today, arab today Media host gives priority to problems of people

GMT 07:00 2017 Tuesday ,28 March

Media host gives priority to problems of people
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Disaster costs nearly double to $175bn

GMT 10:42 2017 Tuesday ,28 March

Disaster costs nearly double to $175bn
Arab Today, arab today Campaign fights sexual harassment in Egypt

GMT 11:14 2017 Tuesday ,28 March

Campaign fights sexual harassment in Egypt
Arab Today, arab today Trump moves to roll back Obama climate measures

GMT 08:39 2017 Wednesday ,29 March

Trump moves to roll back Obama climate measures
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Mercedes, VW recall million vehicles in China

GMT 09:16 2017 Wednesday ,29 March

Mercedes, VW recall million vehicles in China
Arab Today, arab today Uber grounds self-driving cars

GMT 09:11 2017 Monday ,27 March

Uber grounds self-driving cars
Arab Today, arab today Trump poised to roll back climate protections

GMT 09:28 2017 Tuesday ,28 March

Trump poised to roll back climate protections

GMT 18:57 2017 Tuesday ,21 March

Accessories designer reveals her new collection

GMT 11:10 2017 Monday ,27 March

Trump to roll back Obama clean power plan

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures

GMT 11:55 2017 Wednesday ,29 March

Need ‘gymspiration?’ The top fun fitness bloggers

GMT 09:02 2017 Thursday ,23 March

Laptop ban sparks ire

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 05:17 2017 Wednesday ,29 March

Samsung to sell refurbished Galaxy Note 7s

GMT 19:27 2017 Saturday ,11 March

Boualsof launches "Priestess Kahina" collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday