Wednesday, September 30, 2015

Wall Street closing: a little better but still quite mixed

FXStreet (Guatemala) - Wall Street was a mixed session Stocks with choppy price action across the main three indices after yesterday's sharp bearish action towards the August and 2015 lows.

Stocks enjoyed the Conference Board's consumer confidence index that rose to 103.0 from 101.3 in August while consensus was for a drop to 97.

However, apart from that, there was little in respect of data as markets keenly await this week's and next month's Nonfarm Payrolls data that will guide us for the meantime as to whether the Fed are likely to act this month/ this year around or not.

Meanwhile, the S&P index is on track for its worst quarter since the third quarter of 2011. A break of the August lows in the S&P, 1867.61, would open up the next targeted supporting levels. For the mean time, today, the Standard & Poor's 500 index ended up 0.1% after yesterday's losses of 2.6% to 1881.77. The Nasdaq's lost 0.6% and sunk further into the red for 2015. The Dow Jones industrial average finished up 47 points, or 0.3%, after gains of 118 points earlier in the session.
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