Stocks off slightly but stay in range – Yahoo Finance
Even though many Americans haven’t felt the surge in stock prices , the positive run on Wall Street is already the fourth-longest since 1928, according to Bespoke Investment Group. “We’ve had both a recovery in confidence and a recovery in earnings. It’s not a fluke because it’s really based on fundamentals,” said Anastasia Amoroso, a global market strategist who helps oversee about $500 billion at JPMorgan ( JPM ) Funds. A bull market is defined as a rally of at least 20% following a drop of at least 20%. In other words, a really big jump in stock prices following a scary tumble.
While this week’s calendar brings few economic reports and earnings releases, there are some noteworthy catalysts. One is a poll indicating that Scottish voters may decide to secede from the United Kingdom at a referendum on Sept. 18. That’s pushing British stocks down 1 percent today. An independence vote could affect major financials and create further uncertainty in Europe.
SE Asia Stocks-Indonesia at record high amid regional inflows – Yahoo Finance
stocks opened slightly lower on Monday, with the S&P holding near its most recent record high on the heels of its fifth straight weekly advance. The Dow Jones industrial average fell 21.77 points or 0.13 percent, to 17,115.59, the S&P 500 lost 2.84 points or 0.14 percent, to 2,004.87 and the Nasdaq Composite dropped 1.39 points or 0.03 percent, to 4,581.51. (Reporting by Chuck Mikolajczak; Editing by Nick Zieminski) Stocks & Offerings
UK Stocks – Factors to watch on Sept 8 – Yahoo Finance
Stocks in the Philippines hit the highest in more than 15 months. Jakarta’s Composite Index closed up 0.6 percent at 5,246.48, surpassing more the record closing high of 5,224.135 hit on Sept. 3. The market brought in foreign inflows for a fourth straight session on Monday amid talks of a fuel price hike. Foreign investors bought shares worth a net 561 billion rupiah ($47.84 million), adding on a combined 934 billion rupiah ($79.65 million) over the past three consecutive trading sessions, Thomson Reuters data showed.
US STOCKS SNAPSHOT-Wall St edges lower after 5th straight weekly gain – Yahoo Finance
* Sterling weakened to its lowest in nearly 10 months on Monday amid worries about political uncertainty linked to the vote in Scotland. * British finance minister George Osborne said on Sunday that plans would be set out in the coming days to give Scotland more autonomy on tax, spending and welfare if Scots vote against independence in a historic referendum on Sept. 18. * The blue-chip index closed 0.3 percent weaker at 6,855.10 points in the previous session, falling back from a 14-1/2 year high of 6,904.86 points reached on Thursday when the European Central Bank surprised markets by cutting interest rates.