Fears Fed Could Speed Taper Pushes Weigh on Stocks
Russian stocks fell, extending their steepest loss in more than six months, as oil slid and better-than-expected U.S labor data signaled the possibility of an increase in the pace of monetary policy tapering. Oil producer OAO Lukoil and miner OAO GMK Norilsk Nickel slipped 1.7 percent and 2.3 percent, respectively. OAO Gazprom, the worlds biggest producer of natural gas, snapped a six-day losing streak. Poland and Slovakia are selling euro-denominated notes today, following Irelands issue yesterday, to take advantage of lower yields before the U.S.
Can Stocks Recapture 2013’s Momentum?
Federal Reserve’s most recent meeting, while Micron’s strong results helped buoy the Nasdaq. Minutes of the Fed’s Dec. 17-18 meeting, after which the U.S. central bank announced its decision to begin trimming its monthly bond purchases, showed Fed officials were careful to tread lightly as Stocks to invest in they embarked on the tapering process.
US STOCKS-S&P 500 ends flat in wake of Fed minutes
Its second quarter featured record oil and gas production. The big picture If you’re interested in adding some Indian stocks to your portfolio, consider doing so via an ETF. A well-chosen ETF can grant you instant diversification across any industry or group of companies — and make investing in and profiting from it that much easier. Psst…
Indian Stocks: Make Money in Them the Easy Way
By the evening, the euro was down to $1.3586, although that price is still relatively high. In late morning trading in New York, the Dow Jones industrial average was down 0.3 percent at 16,476 while the broader S&P 500 index rose 0.1 percent to 1,839. The drop in stocks appeared to weigh on energy markets. Benchmark crude fell 74 cents to $92.93.
“It will increasingly become the focus, and that’s a battle that tobacco are going to have to face in the coming years.” Defensive stocks outperform in times of economic uncertainty and the tobacco sector gained strongly in the first half of 2013, climbing 15 percent. However, since then, it has given away its gains, as investors rotate into stocks more sensitive to growing economic optimism. Consumer staples, a broad sector including tobacco stocks and food retailers, took 10 points off the index in total, with J Sainsbury also weighing on the market. The grocer fell 2 percent after its chief financial officer lowered the company’s growth forecast.
Tobacco stocks and Sainsbury weigh on Britain’s FTSE
The Federal Reserve had been trying for years to persuade investors to take on more risk, and a renewed affection for growth was one of the dominant market characteristics of the year. That may have been because growth stock pricing reached appealing levels as the economy appeared poised to speed up, or, more likely, because absolute growth became more alluring than the razor-thin yields on bonds and the prices for dividend stocks. Either way, growth stocks got hot. Netflix ( NFLX ) , for example, wooed investors with great growth numbers and upbeat forecasts.