Dow dips, but movements are slight

US share prices have toggled up and down without much purpose today, despite a steady stream of earnings reports and a resumption of government economic reports.

The strong momentum from the end of last week has failed to carry through into trading today, with the major US stock indices crawling sideways for the most part.

The Dow was down just 0.1% with under an hour of trading to the close on Wall Street, moving in tandem with the S&P 500. The NASDAQ 100 was well off its highs for the day, but managed to stay in positive territory, helped by a 2.7% jump in the share price of Apple, the stock with the heaviest weighting in the index.

Apple’s rating was raised from a ‘hold’ to a ‘buy’ by SocGen ahead of tomorrow’s launch event being held by Apple in San Francisco. Newer versions of Apple’s iPad and mini iPad are widely expected to be unveiled at the event. Sales of iPads made up around 18% of Apple’s revenue in the quarter for which it most recently reported.

Netflix and Texas Instruments report after the market closes tonight and tomorrow we have the delayed jobs report from September. 185,000 jobs are expected to have been added to non-farm payrolls in September, while the unemployment rate is expected to remain at 7.3%.

This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.

CFD’s zijn complexe instrumenten en brengen vanwege het hefboomeffect een hoog risico mee van snel oplopende verliezen. 79% van de retailbeleggers lijdt verlies op de handel in CFD’s met deze aanbieder.
Het is belangrijk dat u goed begrijpt hoe CFD's werken en dat u nagaat of u zich het hoge risico op verlies kunt permitteren.
CFD’s zijn complexe instrumenten en brengen vanwege het hefboomeffect een hoog risico mee van snel oplopende verliezen.