Stronger dollar, U.S. stocks were mixed Wednesday afternoon, the disk more volatile. General rise in the financial sector, offsetting the negative impact of raw materials sector down.
At 13:00 on December 8 EDT, the Dow Jones Industrial Average fell 13.62 points to 11,345.54 points, down 0.12%; the Nasdaq composite index rose 3.84 points to 2,602.33 points, or 0.15%; the S & P 500 Index rose 0.19 points to 1,223.94 points, or 0.02%.
Rising dollar led to a general fall in commodity futures prices, dragged down raw materials, energy and industrial sector decline. Consumer pressure plate, which McDonald's (MCD) fell 2.1%. The fast food giant announced that November same-store sales increase of 4.8%, but below market expectations.
General rise in the financial sector, including small regional banks leading gains. Lincoln National Bank (Lincoln National, LNC) rose 7.5%, Regions Financial (RF) rose 4.7%, Zions Bancorp rose 4.3%.
Among the large financial stocks, Morgan Stanley (MS) rose 2.4%. Bank of America (BAC) rose 2.4%. JP Morgan Chase (JPM) rose 1.7%.
In the United States government and the Republican members of Congress, tax cuts Extension Agreement was reached after the U.S. dollar against other major currencies continue to rise. The euro fell to 1.3242 against the dollar. The dollar rose to 84.12 yen.
Treasury yields continued to climb, the 10-year bond yields rose to 3.278 percent. Today the U.S. Treasury will auction 21 billion U.S. dollars of 10-year Treasury bonds.
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