Market Commentary: Markets Open Up On Wonderful GDP News

July 30th, 2014
in Gary's blogging, syndication

Written by

Opening Market Commentary For 07-30-2014

Gary is off , and the market open comes from our syndication partner

U.S. stocks opened higher on Wednesday after the first read on second-quarter economic growth came in much stronger than expected, overshadowing a weak report on the labor market.

Follow up:

The Dow Jones industrial average rose 56.48 points or 0.33 percent, to 16,968.59, the S&P 500 gained 7.75 points or 0.39 percent, to 1,977.7 and the Nasdaq Composite added 27.91 points or 0.63 percent, to 4,470.61.

The euro hit an eight-month trough against the dollar on Wednesday and German bond yields were at record lows ahead of inflation data expected to boost the case for further European Central Bank policy easing.

Investors were also awaiting a statement from the Federal Reserve following its policy meeting that some expect to signal a more hawkish policy outlook, and data likely to show the U.S. economy bouncing back strongly in the second quarter. European shares dipped after French oil major Total was hit by concerns over its investments in Russia following Tuesday's tightening of European sanctions on Moscow after the downing of an airliner in neighboring Ukraine. The euro fell to $1.3395, its lowest since November 2013, before recovering to $1.3400, down around 0.1 percent on the day after data showing Spanish consumer prices fell 0.3 percent in July from a year before. The surprisingly big fall came even though figures released at the same time showed Spanish economic growth hit its fastest since before the financial crisis in the second quarter.

Live Global Market Situation

Live World Indices are powered by



Major Stock Closings

Leading Stock Quotes powered by




Current Commodity Prices

Commodities are powered by

Current Currency Crosses

The Forex Quotes are powered by


To contact me with questions, comments or constructive criticism is always encouraged and appreciated:

Written by Gary


Make a Comment

Econintersect wants your comments, data and opinion on the articles posted. You can also comment using Facebook directly using he comment block below.

 navigate econintersect .com


Analysis Blog
News Blog
Investing Blog
Opinion Blog
Precious Metals Blog
Markets Blog
Video of the Day


Asia / Pacific
Middle East / Africa
USA Government

RSS Feeds / Social Media

Combined Econintersect Feed

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution



  Top Economics Site Contributor TalkMarkets Contributor Finance Blogs Free PageRank Checker Active Search Results Google+

This Web Page by Steven Hansen ---- Copyright 2010 - 2018 Econintersect LLC - all rights reserved