News Reality

Thursday Sector Laggards: Industrial, Consumer Products

by www.forbes.com
The worst performing sector as of midday Thursday is the Industrial sector, showing a 1.6% loss. Within that group, L-3 Communications Holdings (NYSE: LLL) and Pentair (NYSE: PNR) are two large stocks that are lagging, showing a loss of 15.6% and 7.2%, respectively. Among industrial ETFs, one ETF following the sector is the Industrial Select Sector SPDR ETF (AMEX: XLI), which is down 1.4% on the day, and up 0.67% year-to-date. L-3 Communications Holdings, meanwhile, is down 4.36% year-to-date, and Pentair, is down 15.82% year-to-date. Combined, LLL and PNR make up approximately 1.2% of the underlying holdings of XLI.
Read Full Article On www.forbes.com
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The dollar pared losses against the euro Friday morning, after U.S. government data showed the unemployment rate fell in August, bolstering the case for the Federal Reserve to lift interest rates in c
Long-term U.S. government bonds pared price gains on Friday, while short-term notes pulled back as a pickup in wage inflation offset a smaller-than-expected jobs gain in August.
U.S. stocks opened lower Friday following a U.S. jobs report that missed expectations, but which many investors saw as strong enough for the U.S. Federal Reserve to possibly raise short-term interest
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By mid session, the FTSE 100 index was 101.0 points, or 1.6 per cent lower at 6,093.1 while in Europe, Germany's Dax 30 index and France's CAC 40 index both shed 2.1 per cent.
China’s listed companies joined in the market mania, buying up shares in one another; now the holdings that padded earnings as prices boomed threaten to gut them as they plunge.
Since July 22, the BSE market capitalisation fell by Rs 11,22,834 crore to Rs 93,83,643 crore today.
The sharp fall was mainly driven by consistent outflow of money on global worries. There was also a caution ahead of US jobs data due later today, which will decide whether Fed will hike rate or not
Indian markets have continued their downward spiral, driven by both global factors and domestic pressures
Provisionally, the Sensex crashed 559 points to end at 25,206 and the Nifty slumped 165 points to end at 7,658
Bank shares were the top losers while profit taking was seen in IT shares ahead of US jobs data
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