15 Apr 2023 Market Close & Major Financial Headlines: After A Weekend Of Negative World News, Wall Street Opened Sharply Higher, Then began Trading Lower, Closing Moderately Down In The Red At Session Lows
Summary Of the Markets Today:
- The Dow closed down 248 points or 0.65%,
- Nasdaq closed down 1.79%,
- S&P 500 closed down 1.20%,
- Gold $2,4021 up $28.30,
- WTI crude oil settled at $86 down $0.13,
- 10-year U.S. Treasury 4.616% up 0.056 points,
- USD index $106.19 up $0.117,
- Bitcoin $63,512 down $658 (1.05%)
*Stock data, cryptocurrency, and commodity prices at the market closing.
Click here to read our current Economic Forecast – April 2024 Economic Forecast: Economy Marginally Improving But Growth Will Be Weak
Today’s Economic Releases Compiled by Steven Hansen, Publisher:
Advance estimates of U.S. retail and food services sales for March 2024 was up 2.4% above March 2023 (not seasonally adjusted as it is a year-over-year calculation) – and up 0.1% inflation adjusted. The headline numbers which showed a +0.7% month-over-month growth distorts the true growth picture when in fact retail sales is not growing year-over-year when inflation is considered.
The New York Fed’s Empire State Manufacturing Survey Business activity continued to decline in April 2024. The headline general business conditions index rose seven points but remained below zero at -14.3. New orders and shipments both declined significantly, and unfilled orders continued to shrink. My position is that manufacturing in the U.S. remains in a recession.
Here is a summary of headlines we are reading today:
- U.S. CO2 Emissions Down 17% Since 2005, Despite 2022 Increase
- Growing Coal Dependency Puts Central Asian Economies at Risk
- Israeli War Cabinet Vows Response to Iran as Oil Prices Cool Down
- Tesla to Lay Off Over 10% of Global Workforce
- Iran’s Response To Israel’s Strike Was Pure Political Theater
- Small Banks Significantly Boost Loans to Oil And Gas Firms
- U.S. Congress to Vote on Further Iran Sanctions
- S&P 500 and Nasdaq close 1% lower as yields jump, traders await Israel response to Iran: Live updates
- It may be time for investors to sell Nvidia on the next bounce, according to the charts
- Bitcoin struggles to maintain $64,000 amid rising Middle East tensions: CNBC Crypto World
- Retail sales jumped 0.7% in March, much higher than expected
- Here are the stocks set to have the wildest ride this week on earnings
- Trump’s Truth Social shares hit by sale plan
- Long-term Treasury yields end at fresh 2024 highs after March retail-sales data
Click on the “Read More” below to access these, other headlines, and the associated news summaries moving the markets today.