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By Staff Reporters
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U.S. equities finished mixed as the global markets remained choppy amid uncertainty regarding how aggressive monetary policy tightening will remain and what the ultimate impact will be. Q4 earnings season continues to wrap up, with Lowe’s Companies posting mixed results and guidance, while Kohl’s Corporation missed and issued disappointing guidance, and Dollar Tree bested the Street’s forecasts.
In economic news, the ISM Manufacturing Index and S&P Global’s Manufacturing PMI both remained in contraction territory, mortgage applications fell for a third-straight week, and construction spending surprisingly declined.
Treasury yields rose, and the U.S. dollar was lower, while crude oil and gold prices advanced. Asia finished mostly higher, and markets in Europe were mostly lower, as some favorable economic data out of China was met with some disappointing European reports.
CITE: https://www.r2library.com/Resource/Title/082610254
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Filed under: "Ask-an-Advisor", Alerts Sign-Up, Health Economics, Investing, Risk Management | Tagged: Asian stocks, DJIA, DOW, European stocks, ism, Kohl's, Lowe's, markets choppy, Markets mixed, PMI |
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