Beijing on November 11 morning news, U.S. stocks ended mixed on Wednesday afternoon. U.S. initial claims for unemployment benefits last week dropped the news of the dollar exchange rate higher. The leaders are the G20 summit meeting in South Korea to prepare for.
EDT at 13:16 on November 10 (Beijing time at 2:16 on November 11), the Dow Jones Industrial Average fell 30.20 points to 11,316.55 points, down 0.27%; the Nasdaq composite index rose 1.56 points to 2,564.54 points, or 0.06%; Standard & Poor's 500 index fell 1.36 points to 1,212.04 points, down 0.11%.
Jefferies & Co chief market strategist Art - Hogan (Art Hogan) said, "The market trend is still closely linked with the U.S. dollar." He pointed out that as the dollar strengthened, the stock market tends to go soft.
Dow 30 industrial stocks, 24 stocks were down. Boeing (BA) as the worst performing stocks of the Dow, which fell 3.1%, after the Boeing 787 Dreamliner smoke in the cockpit after the crew discovered an emergency landing in southern Texas. The Boeing 787 landed a series of setbacks were encountered in the latest example. The aircraft has been delayed over its original schedule for nearly 3 years.
Among S & P 500 index, telecommunications and utilities sector had the largest decrease.
The dollar index rose to 10 on Wednesday, its highest level since the end of the dollar against the euro has also created a new high this month.
One of the reasons the dollar rose, the government reported that U.S. weekly initial jobless claims drop more than expected.
Hogan said that in the market for "quantitative easing is expected under the influence", since the dollar since the end of September has fallen about 10%. Weakness in the dollar, while U.S. stocks soared.
Hogan said, "has been since September, mostly thanks to the rise in the stock market is giving a weaker dollar."
The Fed last week announced a policy of quantitative easing, plans to buy U.S. treasury bonds by way of reduction of interest rates, stimulating consumption and bank loan growth, the plan led to the U.S. dollar against other major currencies lower, enhancing export competitiveness of U.S. goods.
The Fed's plan was to Germany, Japan and China's opposition, so the plan is likely to be started on Thursday in Seoul from G20 summit on the hot topic.
On the earnings front, Macy (Macys, M) kicked off earnings in the retail trade. The company announced to profitability, but fell 0.1%. Ralph Lauren (RL) rose 6.6% after the company announced that quarterly earnings rose 16%, exceeding market expectations.
Campbell Soup Company (CPB) fell 3.3% after the company cut its full-year profit forecast announced.
In the United States of ING Group (ING) rose 2.2% after the company said it is preparing to split its insurance business into two separately listed.
EDT at 13:16 on November 10 (Beijing time at 2:16 on November 11), the Dow Jones Industrial Average fell 30.20 points to 11,316.55 points, down 0.27%; the Nasdaq composite index rose 1.56 points to 2,564.54 points, or 0.06%; Standard & Poor's 500 index fell 1.36 points to 1,212.04 points, down 0.11%.
Jefferies & Co chief market strategist Art - Hogan (Art Hogan) said, "The market trend is still closely linked with the U.S. dollar." He pointed out that as the dollar strengthened, the stock market tends to go soft.
Dow 30 industrial stocks, 24 stocks were down. Boeing (BA) as the worst performing stocks of the Dow, which fell 3.1%, after the Boeing 787 Dreamliner smoke in the cockpit after the crew discovered an emergency landing in southern Texas. The Boeing 787 landed a series of setbacks were encountered in the latest example. The aircraft has been delayed over its original schedule for nearly 3 years.
Among S & P 500 index, telecommunications and utilities sector had the largest decrease.
The dollar index rose to 10 on Wednesday, its highest level since the end of the dollar against the euro has also created a new high this month.
One of the reasons the dollar rose, the government reported that U.S. weekly initial jobless claims drop more than expected.
Hogan said that in the market for "quantitative easing is expected under the influence", since the dollar since the end of September has fallen about 10%. Weakness in the dollar, while U.S. stocks soared.
Hogan said, "has been since September, mostly thanks to the rise in the stock market is giving a weaker dollar."
The Fed last week announced a policy of quantitative easing, plans to buy U.S. treasury bonds by way of reduction of interest rates, stimulating consumption and bank loan growth, the plan led to the U.S. dollar against other major currencies lower, enhancing export competitiveness of U.S. goods.
The Fed's plan was to Germany, Japan and China's opposition, so the plan is likely to be started on Thursday in Seoul from G20 summit on the hot topic.
On the earnings front, Macy (Macys, M) kicked off earnings in the retail trade. The company announced to profitability, but fell 0.1%. Ralph Lauren (RL) rose 6.6% after the company announced that quarterly earnings rose 16%, exceeding market expectations.
Campbell Soup Company (CPB) fell 3.3% after the company cut its full-year profit forecast announced.
In the United States of ING Group (ING) rose 2.2% after the company said it is preparing to split its insurance business into two separately listed.
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