(INDEXSP:INX) closed down 0.6% t oday as volatility finally
returned to equity markets.
The international trade deficit came in narrower than anticipated
at -$34.2 billion vs. the -$44.1 consensus. Federal Reserve Bank of
Chicago President Charles Evans said that he expects QE3 to be
completely finished by mid-2014, with total purchases of $1.2
trillion between January 2013 and then.
Correspondingly, the resurgent 'taper talk' had a negative impact
on European stocks, which declined on speculation that the Fed may
cut its QE activities sooner than expected. The
(INDEXDB:DAX) traded down 1.17%.
Gold dropped 1.6% to $1,281 per ounce. Crude fell 1.1% to
$105.37 per barrel.
SPDR S&P Homebuilders ETF
(NYSEARCA:XHB) was a notable underperformer today, closing down
Jeff Bezos, CEO of
) purchased the
for $250 million yesterday afternoon.
JC Penney Company, Inc.
) plunged more than 6% after an analyst at
) downgraded the stock.
American Eagle Outfitters
) tumbled 14.5% after missing earnings estimates.
Tesla Motors Inc
Tomorrow's Financial Outlook
Green Mountain Coffee Roasters Inc.
Ralph Lauren Corp
Time Warner Inc
(TWX) are the notable companies reporting earningstomorrow .
The President of the Federal Reserve Bank of Philadelphia, Charles
Plosser, will be speaking in Washingtontomorrow at 12:30 p.m. EDT .
The President of the Federal Reserve Bank of Cleveland, Sandra
Pianalto, will be speaking in Cleveland at1:40 p.m.