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US stocks dipped on Thursday as all three major indices closed lower.
Profit-taking was apparent as the indices continued to set record highs this week. The Nasdaq closed 5% lower, whilst the S&P and Dow fell by over 3%.
Apple shares were the worst hit as a slide of 8% translated to a $180 billion cost. The largest one-day loss in value ever for any company.
Is this just a minor blip on the continuation to further record highs?
A Welcome Relief for the Greenback
The US index bounced back on Thursday as it closed higher for the third consecutive day.
Data from the labor department showed there was a decrease in the number of people filing for unemployment. This helped propel the index towards the 93 handle.
With the NFP figures out later today, will the market finally turn bullish?
Tourism and Deflation Hinder Eurozone
The euro closed indecisively below 1.19 as retail sales fell for the first time in three months.
A north/south divide on the pace of the economic recovery was highlig...
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