U.S.
stocks were little changed, after the Standard & Poor’s 500 Index
fell the most in six weeks, as investors weighed the extent of the
autumn rally in equities and the odds of higher interest rates in
December.
The
S&P 500 rose 0.2 percent to 2,081.84 at 4:01 p.m. in New York,
erasing an earlier drop of as much as 0.4 percent, and ending the
longest losing streak since September.
The
benchmark gauge slid the most since September yesterday, after six
straight weeks of gains took it within 1 percent of a record reached in
May. The S&P 500 had risen as much as 13 percent from an August low
following its first correction in four years. The rally stalled last
week after Federal Reserve Chair Janet Yellen said a December rate
increase was a “live possibility,” and the October jobs report was
stronger than expected. Traders now price in a 66 percent chance of a
liftoff next month, up from about 50 percent a week ago.
Analysts
now project profits for S&P 500 companies dropped 3.8 percent in
the third quarter, improved from calls for a 7.2 percent decline at the
start of the season. Of those index members that have reported, 74
percent beat profit projections, while 56 percent missed sales
estimates.
Source : Bloomberg
0 komentar :
Post a Comment