Markets

Stocks Reject Post-Claims Low But Remain Defensive on Fed Policy

Stocks are off their worst levels of the day, but still in negative territory after weekly employment data corroborated the sluggish August payroll report. Investors are also on edge into next week's Federal Open Market Committee meeting as uncertainty surrounding Fed monetary policy is encouraging a more defensive bias in the financial markets. The S&P 500 is below 2000 for the second straight day and the Dow Jones Industrial Average slipped below 17,000 for the third day in row. Biotechs and semiconductor stocks are once again weighing on the Nasdaq Composite, although there are pockets of strength from names like BlackBerry (BBRY, BB.TO), EBay ( EBAY ) and Twitter ( TWTR ).

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

EBAY

Other Topics

Commodities