By Staff Reporters
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U.S. equities snapped a two-day winning streak, finishing lower as investors weighed a host of earnings and economic reports and eyed a noticeable rise in Treasury yields.
Housing data was in focus today, as mortgage applications declined last week, while housing starts fell more than anticipated, and building permits unexpectedly rose.
Equity news was headlined by positive earnings surprises, as Netflix and Dow member Proctor & Gamble both bested earnings expectations, despite citing the impacts of foreign exchange headwinds.
United Airlines also topped earnings estimates and expects the strong COVID-19 recovery trends to continue to overcome recessionary pressures.
Meanwhile, the U.S. dollar rallied amid weakness in the euro and British pound, while crude oil prices gained ground, and gold fell.
European stocks traded lower following hot inflation data out of the region. And, Asian markets closed out mixed in a quiet day as the markets continued to grapple with global monetary policy tightening concerns.
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DICTIONARY ECONOMICS: https://www.r2library.com/Resource/Title/082610254
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Filed under: Alerts Sign-Up, Alternative Investments, Financial Planning, Investing | Tagged: economics, finance, world economics, world finance, World Finance and Economics |
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