U.S. Stocks Retreat From Highs on Economic Reports

Gold Silver Reports (GSR) – U.S. Stocks Retreat From Highs on Economic Reports — U.S. stocks were mixed Friday after positive manufacturing and consumer sentiment reports were countered by slower growth forecasts. Ten-year Treasury yields rose and the dollar gained. 

The S&P 500 pared its weekly decline, but traded well off session highs as investors prepare for a deluge of volume in the final hour during an event known as “quadruple witching,” when futures and options contracts on indexes and individual stocks expire.   

Gains in energy and industrials were offset by slumping tech giants, with companies including Alphabet Inc. and Amazon.com Inc. weighing on the Nasdaq 100 Index. – Neal Bhai Reports (NBR) INDIA

Spread the love

Neal Bhai has been involved in the Bullion and Metals markets since 1998 – he has experience in many areas of the market from researching to trading and has worked in Delhi, India. Mobile No. - 9899900589 and 9582247600

Leave a Comment