American equities struggle for direction

American equities struggle for direction

On Friday, American equities struggled for direction due to the fact market participants sorted through a number of economic reports, which painted rather a mixed picture of the American economy. Key indexes were mostly braced for a losing week, although they have performed well for the quarter and the month.

The Dow Jones Industrial Average DJIA managed to acquire 20 points trading at 26,460. As for the S&P 500 SPX, it didn’t manage to defend most gains, diving to 2,913. Besides this, the Nasdaq Composite Index COMP declined by 5 points coming up with an outcome of 8,036.

For the last three months, the S&P has rallied over 7% that would be its greatest quarterly jump since the fourth quarter of 2013. As for the Dow, it has gained more than 9%. Additionally, both the S&P and the Dow have added in 11 of the last 12 quarters. Meanwhile, over the quarter the Nasdaq has rallied over 7%.

In the USA, in August, consumer spending acquired 0.3%, thus demonstrating the slowest tempo since February. As for personal income, it also jumped by 0.3%.

Meanwhile, in September, the Chicago Purchasing Manager’s Index slumped to a five-month minimum of 60.4, which is below estimates for an outcome of 62. In September, a reading of consumer sentiment accounted for 100.1, which is a bit below estimates.

The equities of Tesla Inc. TSLA, -13.57% headed south by 13% right after the Securities and Exchange Commission had Elon Musk sued, who appears to be the electric-car maker’s chief executive officer and chairman.

Additionally, Facebook Inc sank by 3.1% because the social media company told it has recently discovered a security vulnerability, which impacted almost 50 million accounts. The given bug enabled hackers to steal Facebook access tokens that could be utilized for hijacking folks’ accounts.


Apple event surprised traders
Apple event surprised traders

Every year in early autumn Apple holds its event where it presents new iPhones, Apple Watches, and iPads. This year wasn’t an exclusion. But yesterday’s presentation didn’t result in Apple stock growth, and here’s why.

Latest news

Where is Dogecoin?
Where is Dogecoin?

Did the era of the Dogecoin, the most famous cryptocurrency, come to its end, or it is just a calm before the storm? Let’s find out!

Key Market Driver: FOMC Statement
Key Market Driver: FOMC Statement

The FOMC, a committee within the Federal Reserve, will hold an important meeting and press conference on September 22 at 21:00 MT time (GMT+3).

What will move the markets on September 20-24
What will move the markets on September 20-24

Quadruple witching is gone and now there are no reasons for the market to hinder. From banks statements and economic data to gas storage reading and Fed’s Powell speech – get ready for active trading.

Deposit with your local payment systems

Be on top of your game

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera