• US stocks fell markedly today

Market news

4 June 2015

US stocks fell markedly today

Major US stock indexes fell on Thursday after data showed that labor productivity in the US non-farm payrolls fell sharply in the first quarter, as investors assess the comments of the International Monetary Fund, calling for the Fed to delay raising rates.

For example, labor productivity in the United States fell in the early months of 2015, becoming the confirmation bad start of the year for the economy. Labour productivity in the non-agricultural workers, which is measured as the production of goods and services in the hour worked decreased by 3.1% to a seasonally adjusted in the first quarter, the Labor Department said Thursday. Compared with the previous year performance was above 0.3%. Economists had forecast a decline from the previous quarter by 2.9%.

At the same time, the number of Americans who first applied for unemployment benefits fell last week, a sign that companies are laying off fewer workers, and the economy continues to steadily adding jobs. Primary applications for unemployment benefits, a measure of layoffs throughout the US, fell by 8 thousand. And seasonally adjusted reached 276 thousand. For the week ended May 30. This Labor Department said Thursday. Economists had expected 279 thousand. Primary applications.

The price of oil fell today, while continuing trend yesterday amid speculation that the Organization of Petroleum Exporting Countries to refrain from changing production quotas at tomorrow's meeting. Experts believe that OPEC will do nothing to reduce the excess supply of oil on the world market. Only 1 out of 34 analysts and traders surveyed by Bloomberg, expects the cartel any change quotas. The rest of the forecast, the restrictions will once again confirmed at the level of 30 million barrels per day.

Almost all components of the index DOW closed in the red (29 of 30). Outsider shares were EI du Pont de Nemours and Company (FDD, -2.37%). Shares rose only The Goldman Sachs Group, Inc. (GS, + 0.14%).

All sectors of the index S & P ended the day below zero. Outsiders were the basic materials sector (-1.6%).

At the close:

Dow -0.94% 17,907.11 -169.16

Nasdaq -0.79% 5,059.13 -40.10

S & P -0.86% 2,095.87 -18.20

Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer
Open Demo Account & Personal Page
I understand and accept the Privacy Policy and agree to my name and contact details being used by TeleTrade to contact me about this.