Tuesday, September 13, 2016

Weak US economic fundamentals, Wall Street plunges


US major stock indexes closed lower on Tuesday trading yesterday in New York.
Energy sector shares made on Wall Street fell. It is caused by a surge in volatility waiting for the Fed meeting and falling oil prices.Quoted from page CNBC, Wednesday, September 14, 2016, the Dow Jones Industrial Average closed down more than 250 points, with shares contributed most natural attenuation and natural losses that Goldman Sachs.Then, for the S & P 500 in yesterday's trading also was down about 1.5 percent, with energy shares fell about 2.9 percent and led all sectors of natural attenuation."The world returned to the volatility and I do not think it's a surprise because we've been worried since the Fed's plan would raise interest rates and commodity prices," said investment strategist at Edward Joner, Kate Warne.Earlier, at the close of trading on Monday, September 12, 2016, Wall Street had rebounded on expectations of a Fed official's comments, Leal Brainard. In the mentioned statement would be wise to back the US central bank keep interest rates."The rebound yesterday did not improve posture short-term indicators, which still describes the decline. The SPX has confirmed the details within 50 days in the future Index was below average," said Head of Technical Strategy at BTIG, Katie Stockton.As at the close of last Tuesday, the Dow Jones Industrial Average closed down 258.32 points or 1.41 percent to the level of 18066.75, with shares of Chevron's largest natural attenuation and only Apple's stock recorded a positive side.Then, the S & P 500 closed down 32.02 points, or 1.48 percent, to 2127.02 at the level of the sector's leading energy stocks lower on all sectors of natural attenuation. Then the Nasdaq Composite Index dropped 56.63 points, or 1.09 percent, to 5155.25.Meanwhile, for the trading volume on Tuesday totaled 1.01 billion units with composite volume reached 4.02 billion units of shares.Meanwhile, the CBOE Volatility Index (VIX), which is widely considered the best gauge of fear in the market, traded near lows but rose about 23 percent to 18.61.

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