Currently, the major averages are posting modest gains. The Dow is up 11.67 points or 0.1% at 16,663.47, the Nasdaq is up 2.23 points or 0.1% at 4,436.36 and the S&P 500 is up 2.54 points or 0.1% at 1,949.26.
The choppy trading on
Putin generated some positive sentiment earlier in the morning, as he claimed that
"We will do all we can to end the conflict as soon as possible, to stop the bloodshed in
However, the buying interest was partly offset by a report from the
The report said initial jobless claims climbed to 311,000, an increase of 21,000 from the previous week's revised level of 290,000. Economists had been expecting jobless claims to edge up to 295,000.
A separate report from the
Traders are also digesting quarterly results and guidance from corporate giants
Most of the major sectors are showing only modest moves in early trading, contributing to the lack of direction being shown by the broader markets.
Gold stocks are seeing significant strength, however, with the NYSE Arca Gold Bugs Index climbing by 1.2%. The strength in the sector comes amid a modest increase by the price of gold.
In overseas trading, stock markets across the
Meanwhile, the major European markets have all moved to the upside on the day. While the French CAC 40 Index has edged up by 0.1%, the German DAX Index and the
In the bond market, treasuries have moved modestly higher on the heels of the disappointing jobs data. As a result, the yield on the benchmark ten-year note, which moves opposite of its price, is down by 1.5 basis points at 2.398%.
Hispanic #1 Breaking News for Entrepreneurs, Professionals and Small Business Owners - HispanicBusiness.com
SEPTEMBER 22, 2014
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