Source: blogs.wsj.com - Monday, December 01, 2014
Agence France-Presse/Getty Images Market Snap: At the New York close: S&P 500 down 0.6% to 2056. DJIA fell 0.2% to 17799. Nasdaq Comp off 1.2% to 4734. Treasury yields rose; 10-year at 2.220%. Nymex crude oil up 4.31% at $69/barrel. Gold down 3.64% at $1,218/ounce. To receive this morning newsletter via email, click here: http://on.wsj.com/MoneyBeatAsiaSignup How We Got Here: Crude oil rebounded — a bit. It was the rest of the capital markets that took a header. U.S. stocks fell as energy companies continued to get hit and retailers fell on news that the holiday weekend wasn’t very good. The four days from Thursday through Sunday saw sales fall 11% from a year ago. While there’s a sense that people are just finding other avenues for their shopping – like online – that’s still a big drop. It’s also a bad start for the holiday shopping season, one that some thought would be the best in years. Commodities, in general, rebounded on Monday, none sharper that WTI crude. The U.S. benchmark rose 4.3%, its best one-day jump in percentage terms in two years. “Today’s a little bit more of a rebound from Friday’s plastering,” rather than a long-lasting change in direction, said Kyle Cooper, analyst at IAF Advisors in Houston. Coming Up: South Korea on Tuesday will release its consumer price index for November. Some market watchers fear the nation is heading down the Japan path of entrenched deflation. Even if such views are premature, anothe
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Agence France-Presse/Getty Images Market Snap: At the New York close: S&P 500 down 0.6% to 2056. DJIA fell 0.2% to 17799. Nasdaq Comp off 1.2% to 4734. Treasury yields rose; 10-year at 2.220%. Nymex crude oil up 4.31% at $69/barrel. Gold down 3.64% at $1,218/ounce. To receive this morning newsletter via email, click here: http://on.wsj.com/MoneyBeatAsiaSignup How We Got Here: Crude oil rebounded — a bit. It was the rest of the capital markets that took a header. U.S. stocks fell as energy companies continued to get hit and retailers fell on news that the holiday weekend wasn’t very good. The four days from Thursday through Sunday saw sales fall 11% from a year ago. While there’s a sense that people are just finding other avenues for their shopping – like online – that’s still a big drop. It’s also a bad start for the holiday shopping season, one that some thought would be the best in years. Commodities, in general, rebounded on Monday, none sharper that WTI crude. The U.S. benchmark rose 4.3%, its best one-day jump in percentage terms in two years. “Today’s a little bit more of a rebound from Friday’s plastering,” rather than a long-lasting change in direction, said Kyle Cooper, analyst at IAF Advisors in Houston. Coming Up: South Korea on Tuesday will release its consumer price index for November. Some market watchers fear the nation is heading down the Japan path of entrenched deflation. Even if such views are premature, anothefrom Top News on RSS Feeds http://ift.tt/11Lp5DU
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