16 Jun 2014
Wall street volumes pick up amidst Iraq tensions
FXStreet (Guatemala) - US stocks have been digesting the recent turn in conditions with the market making its first weekly fall in a month. The tensions in Iraq are outweighing economical factors.
The volume of trading was up in the Standard & Poor’s 500 that finished up 0.02% at 1,936.46. The Dow Jones Industrial Average finished up 5.27 points at 16,781.01. From the calendar in the U.S., Industrial Production was the focus for the month of May, month on month. This came in slightly better than the consensus at 0.6% vs 0.5% expected but not solid enough to take the markets attention away from the broader geopolitical scenarios surrounding the middle east. However, that is set to change even if momentarily this week with the FOMC coming together. This will bring economic data back into the picture with a decision around rates and bond purchase due June 18th.
The volume of trading was up in the Standard & Poor’s 500 that finished up 0.02% at 1,936.46. The Dow Jones Industrial Average finished up 5.27 points at 16,781.01. From the calendar in the U.S., Industrial Production was the focus for the month of May, month on month. This came in slightly better than the consensus at 0.6% vs 0.5% expected but not solid enough to take the markets attention away from the broader geopolitical scenarios surrounding the middle east. However, that is set to change even if momentarily this week with the FOMC coming together. This will bring economic data back into the picture with a decision around rates and bond purchase due June 18th.