U.S. stocks declined today for many reasons
- Improving economic data such as fewer Americans are claimed to be jobless, which shows that the economy is expanding slowly as more Americans are being hired. This led to a decline in the stock BECAUSE this feared investors that because of strong economic data that the Federal Reserve will stop their stimulus funding even sooner. This stimulus is helping the stock market gain it’s momentum for the moment.
- Wal Mart and Macy have released their earnings today with disappointing results, which shows that theirs low consumption occurring in the American households and their spending less.
- Yields also spiked up to a 2 year high which means because of this stimulus there’s inflation occurring and living standards in July increased due to inflation.
Categories: Capital Markets