Monday’s Midday Movers: 3 Stories Driving Markets
The major U.S. stocks were gaining Monday thanks to an optimistic report from China regarding increased exports. As of noon:
|DIJA: +0.64% to 15,018.71||S&P 500: +0.60% to 1,665.06||NASDAQ: +0.82% to 3,690.15|
|Gold: -1.72% to 76.56||Oil: -0.65% to 25.91||U.S. 10-Year: -1.97% to 28.80|
Here are three stories helping shape the market Monday afternoon.
1. Here Comes the September Market Uncertainty: The Dow Jones Industrial Average got whipsawed on Friday over Syrian concerns and uncertainty about the Federal Reserve. However, the small loss came after an extremely volatile day, as the index opened higher then fell nearly 150 points midday and climbed for solid gains, only to end the day slightly in the red. The high-to-low swing for the day was a wild 220 points.
Fundamental causes for the exciting ride were accredited to the saber rattling by President Barack Obama and Russian President Vladimir Putin over Syria and Friday’s nonfarm payrolls report, which was weaker than expected. Global markets don’t like the prospect of higher oil prices and war, while they do seem excited about new doubt surrounding the Federal Reserve’s plans for quantitative easing… (Read more.)