Morning all
Geez a couple more days and Spring is here. It's been Spring all winter in Sth Qld but still the year is getting away
SPI: -4 @ 5482
XJO Friday: - 26 @ 5515
U.S. stocks closed mixed on Friday, with utilities lagging, as investors digested remarks made by Federal Reserve Chair Janet Yellen and Vice Chairman Stanley Fischer.
"I don't think she said anything we didn't already know, but people were trying to make something bullish out of it," said JJ Kinahan, chief strategist at TD Ameritrade. "Then Fischer said two rate hikes were possible" and stocks went lower.
The Dow Jones industrial average closed about 50 points lower after briefly falling more than 100 points.
"I think the market is starting to second guess what she said," said Daniel Deming, managing director at KKM Financial.
The benchmark S&P 500 closed 0.15 percent lower, with utilities falling more than 2 percent, while the Nasdaq composite ended 0.13 percent higher.
"I think, overall, investors expect a rate hike, but they expect it later this year," said Kate Warne, investment strategist at Edward Jones. "What we saw was Yellen not changing expectations very much." 1
S&P: -.15%
Nasdaq: + .1%
Oil prices were largely unchanged on Friday.
At one point, crude benchmarks were up as much as 2 percent before drifting lower following Yellen's comments.
U.S. crude ended the session 31 cents higher at $47.64.
Iron Ore: $58.32 - 2%
Copper: - .26%
Nickel: - .75%
Zinc: + .7%
Aluminium: - .1%
Gold: $1320
HUI: - .6%
AUD Gold: $1746
AUD: .7563
On Today:
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Have a good day
Sources:
1 CNBC
- Forums
- ASX - Day Trading
- Day Trading 29 Aug Pre Market
Day Trading 29 Aug Pre Market
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