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US economy experiencing change amid fragile stock market
(MENAFN- Kuwait News Agency (KUNA)) The US stock market experienced dramatic losses Wednesday in the retail sector while US unemployment applications fell to the lowest level in 14 years, and indication that the job market is strengthening.
Apple experienced a 1.2 percent drop in its stocks Wednesday. This statistic alarmed economists yesterday as a negative indicator of the stock market going forward. While Thursday, the company released two new products this afternoon that could help its stock to rebound.
At one point Wednesday the Dow was down 460 points to the lowest level since February. Netflix decreased 18.9 percent due to the company's low subscriber growth. Yet, the S&P 500 was up 1.1 percent for the year and the Nasdaq wass in the positive by 1.3 percent.
Due to increased concerns over Ebola and air travel, Delta Airlines experienced plummets this past week but beat forecasts with a rise of 5.3 percent.
The Federal Reserve indicated that US factory production improved by 0.5 percent in September from August. Its yearly growth has increased by 3.5 percent.
The behavior of the stock market Thursday indicates that it has begun to recover from a day that greatly concerned investors.
Apple experienced a 1.2 percent drop in its stocks Wednesday. This statistic alarmed economists yesterday as a negative indicator of the stock market going forward. While Thursday, the company released two new products this afternoon that could help its stock to rebound.
At one point Wednesday the Dow was down 460 points to the lowest level since February. Netflix decreased 18.9 percent due to the company's low subscriber growth. Yet, the S&P 500 was up 1.1 percent for the year and the Nasdaq wass in the positive by 1.3 percent.
Due to increased concerns over Ebola and air travel, Delta Airlines experienced plummets this past week but beat forecasts with a rise of 5.3 percent.
The Federal Reserve indicated that US factory production improved by 0.5 percent in September from August. Its yearly growth has increased by 3.5 percent.
The behavior of the stock market Thursday indicates that it has begun to recover from a day that greatly concerned investors.
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