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Stocks Pare Back, Gold Surges in Thursday Trading

By  +Follow September 19, 2013 2:02PM
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Unable to maintain the ecstatic momentum unleashed by outgoing Fed Chairman Ben Bernanke’s announcement ahead of Wednesday’s closing bell that the Central Bank’s fiscal stimulus program was to remain unchanged for the time being, stocks ended the day mostly lower on Thursday.

The Standard & Poor’s 500 index was off by 0.18 percent to 1,722.34 points, while the Dow Jones Industrial Average closed 0.25 percent lower at 15,636.55. The NASDAQ added a modest but respectable 0.15 percent, finishing the day at 3,789.38.

Sept. 18's unexpected announcement of the continuance of the quantitative easing program also sent gold on a path to its highest one-day gain in nearly five years, while Treasury yields plummeted from recent two-year highs.

While Bernanke’s announcement about the Fed move, or lack thereof, was widely seen as surprising, it was largely keeping in line with statements the Chairman has been making all year, to the effect that only a substantial improvement in the US economy would provide the proper context in which to commence the “taper.”

As if on cue, the day’s only economic data was the Housing Department’s August existing home sales figures, which rose 1.7 percent during the recently ended month, the highest level in almost 7 years, and besting expectations of a 2.6 percent drop.

On the S&P 500, regional and money center bank stocks took a hit from the Fed’s announcement, with Region’s Financial Corp. (RF) , Huntington Bancshares ($HBAN), and Wells Fargo ($WFC) all ending the day lower on heavy trading. JPMorgan Chase (JPM) dropped over a percent after announcing that it would pay nearly $1 billion to settle claims related to last summer’s “London Whale” trading scandal.

The Dow saw most components in the red, with Unitedhealth Group (UNH) taking the heaviest loss, down over 3 percent. Home Depot (HD) ended 1.5 percent higher in reaction to the housing sales news.

The NASDAQ was higher by the closing bell, with tech shares taking the lead; Groupon Inc (GRPN) , Apple (AAPL) , and Yahoo! (YHOO) all added substantially. Meanwhile, Tesla Motors (TSLA) ended the day another 7 percent higher after an upgrade from Deutsche Bank (DB) .

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer


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Results for DB
James Stanhope
28 Aug 15 05:32:28
RT @rcwhalen: U.S. Puts Deutsche Bank, UBS Pension Businesses on Notice http://t.co/g5hLm1kDf1 via @business $DB, $UBS
Jeff Lee
28 Aug 15 05:28:34
RT @rcwhalen: U.S. Puts Deutsche Bank, UBS Pension Businesses on Notice http://t.co/g5hLm1kDf1 via @business $DB, $UBS
Christopher Whalen
28 Aug 15 05:27:26
U.S. Puts Deutsche Bank, UBS Pension Businesses on Notice http://t.co/g5hLm1kDf1 via @business $DB, $UBS
Market Int Center
28 Aug 15 05:24:50
Potential Deutsche Bank $DB Trade Has 7.82% Downside Protection ( http://t.co/kZITtSANLm )
FinBUZZ Just-IN
28 Aug 15 05:24:39
These assets are seeing a jump in tweets $DB $FTSE 100 $GBPUSD $SENSEX $USDCAD http://t.co/xcnFSucitF http://t.co/Gk3GcNLiHH
FinBUZZ Just-IN
28 Aug 15 05:05:24
Tickers trending on TWTR in last 1 hour $DB $FTSE 100 $GBPUSD $SENSEX Greece + Europe http://t.co/XU7kUppRz0 http://t.co/t3i4E9bLXM
FinBUZZ Just-IN
28 Aug 15 04:46:40
Track trending assets in 1 watchlist $AAPL $BSE Sensex $DB $FTSE 100 Greece + Eurozone http://t.co/umDulH9Mxt http://t.co/cFOkGuJPzy
FinBUZZ Just-IN
28 Aug 15 04:29:23
See why these assets are trending in 1 watchlist $ARO $BSE Sensex $DB $EXXI $LKOD http://t.co/y14F3PI03J http://t.co/lRbWAatmRG
FinBUZZ Just-IN
28 Aug 15 04:07:27
Gain from movement in these buzzing assets $ARO $DB $EXXI $LKOD $SENSEX http://t.co/7ZqiYCp2eQ http://t.co/KNijyyqWee
FinBUZZ Just-IN
28 Aug 15 03:46:41
These assets are seeing a jump in tweets $ARO $DB $EURGBP $LKOH $SENSEX http://t.co/wKL9eceWuO http://t.co/SuOhFddN8V
FinBUZZ Just-IN
28 Aug 15 03:26:23
Tickers trending on TWTR in last 1 hour $BSE Sensex $DB $EURGBP $FTSE 100 $USDJPY http://t.co/s2x4e8DXQr http://t.co/2XqbsukoXN
FinBUZZ Just-IN
28 Aug 15 03:07:06
Track trending assets in 1 watchlist $DB $EURGBP $FTSE 100 $GBPUSD $SENSEX http://t.co/HRkrPrBeNi http://t.co/SKMPDXBURm
FinBUZZ Just-IN
28 Aug 15 02:20:29
Gain from movement in these buzzing assets $DB $EURGBP $FTSE 100 $GBPUSD $SENSEX http://t.co/HRkrPrBeNi http://t.co/wexjiq4dsA
FinBUZZ Just-IN
28 Aug 15 01:57:31
These assets are seeing a jump in tweets $DB $EURGBP $FTSE 100 $GBPUSD $SENSEX http://t.co/HRkrPrBeNi http://t.co/AxlvcAKnoz
PHP Guru
28 Aug 15 01:50:59
Unable to connect to MSSQL Server: I am trying to connect to MS SQL Server as follows: try { $db = mssql_conne... http://t.co/Y0d5uNGZrI
FinBUZZ Just-IN
28 Aug 15 01:39:15
Tickers trending on TWTR in last 1 hour $DB $EURGBP $IBEX $IHG $RRS http://t.co/zA1kw5dvjw http://t.co/Z4ufwN1wAS
DailyStockPicks
27 Aug 15 23:29:16
$ANFI huge bounce play as short attack put in doubt. 100%-200% upside potential $OCR $HEDJ $DB investors read http://t.co/L1jwUVoc1O
James Sleeman
27 Aug 15 17:49:11
RT @RaoulGMI: I stare often at the chart of Deutsche Bank and wonder what happens if the wedge breaks...#germanbailoutcrisis $DB http://t.c…
OTPicks.com
27 Aug 15 15:38:06
http://t.co/stbZjDAnbM leahanne: Volume Alert - DB 29.92 Deutsche Bank Ag $DB Hit: leahanne http://t.co/iBOBM3N8g5 http://t.co/stbZjDAnbM
OTPicks.com
27 Aug 15 15:38:03
http://t.co/QkCFZ8H3V8 leahanne: Volume Alert - DB 29.92 Deutsche Bank Ag $DB Hit: leahanne http://t.co/H0ryG2oZ1H http://t.co/QkCFZ8H3V8
PHP Digest
27 Aug 15 15:00:24
RT @cogitoergor00t: Remote $db_passwd exfiltration. Just playin with some of my latest findings w/ @f_roncari. #php #truelit #comingsoon ht…
Filippo Roncari
27 Aug 15 14:53:00
RT @cogitoergor00t: Remote $db_passwd exfiltration. Just playin with some of my latest findings w/ @f_roncari. #php #truelit #comingsoon ht…
Andrea Palazzo
27 Aug 15 13:01:11
Remote $db_passwd exfiltration. Just playin with some of my latest findings w/ @f_roncari. #php #truelit #comingsoon http://t.co/B54jckR2i0
FinBUZZ Just-IN
27 Aug 15 11:20:20
Track trending assets in 1 watchlist $DB $FTSE 100 $SBER $SPX Greek + crisis http://t.co/6M4qrXSAm4 http://t.co/hoUeEXYMvs
John Constantine
27 Aug 15 11:10:05
$YM_F $ZB_F $DAX $FTSE $CAC $EURUSD HFTS made 4500 DOW Points - FLASH CRASH II? The NEW NORMAL? $GS $JPM $BCS $DB $CS http://t.co/OtX3zxImmw
FinBUZZ Just-IN
27 Aug 15 10:59:03
See why these assets are trending in 1 watchlist $AAPL $DB $FTSE 100 $SBER Greek + exit http://t.co/8DrTS7LrfW http://t.co/kJ2i5c5xRy
Investors Hangout
27 Aug 15 09:22:38
leahanne: Volume Alert - DB 29.92 Deutsche Bank Ag $DB Hit http://t.co/m2WfqK2I5b
Investors Hangout
27 Aug 15 09:22:38
leahanne: Volume Alert - DB 29.92 Deutsche Bank Ag $DB Hit http://t.co/a2Nj4gJ4jM
Extreme Stocks
27 Aug 15 09:08:12
leahanne: Volume Alert - DB 29.92 Deutsche Bank Ag $DB Hit http://t.co/oDjjKaE2Gh
leahanne
27 Aug 15 09:01:17
Volume Alert - DB 29.92 Deutsche Bank Ag $DB Hit a high today of 29.96 Closing the day 10:30 at 29.92 +0.12 +0 http://t.co/0hsJ8OhPMK
Investors Hangout
27 Aug 15 08:56:09
jim50: DB Gapped up +0.03 $DB Last Price 29.83 Day High http://t.co/SW26YRJds0
Investors Hangout
27 Aug 15 08:56:07
jim50: DB Gapped up +0.03 $DB Last Price 29.83 Day High http://t.co/CR87aUAgsv
FinBUZZ Just-IN
27 Aug 15 08:53:14
Gain from movement in these buzzing assets $DB $GBPUSD $TSLA Greek + crisis chinese stocks http://t.co/OW2vgk0ON1 http://t.co/hLh9h5dWBQ
jim50
27 Aug 15 08:47:23
DB Gapped up +0.03 $DB Last Price 29.83 Day High 29.86 Day Low 29.81 Change +0.03 Volume 423,465 Today 99 stoc http://t.co/YTd9t5HPVk
FinBUZZ Just-IN
27 Aug 15 08:28:26
These assets are seeing a jump in tweets $DB $TSLA $USDRUB Greek + crisis Shanghai Stocks http://t.co/8QHPlyd4nz http://t.co/WSAHy9XRcY
ProTradersNews
27 Aug 15 08:17:03
$DB $BK: Exclusive: Market Regulators Probing Chaotic ETF Trades: http://t.co/Om3YpXrbc1
FinBUZZ Just-IN
27 Aug 15 07:12:51
Gain from movement in these buzzing assets $DB $NQ $PHM $SDRL $WDAY http://t.co/Vp8LLOtvrE http://t.co/9i8aZkt0JS
FinBUZZ Just-IN
27 Aug 15 06:52:12
These assets are seeing a jump in tweets $DB $NFLX $NQ $SDRL $WDAY http://t.co/rfw7SGG4wa http://t.co/6juwxmIlUc
FinBUZZ Just-IN
27 Aug 15 06:33:01
Tickers trending on TWTR in last 1 hour $AUDUSD $DB $GBPUSD $WDAY Dollar General http://t.co/Wpo2v4MYBD http://t.co/MIvb8MkBvl
FinBUZZ Just-IN
27 Aug 15 06:17:50
Track trending assets in 1 watchlist $DB $GBPUSD $WDAY Dollar General Greece + Europe http://t.co/64Y5D2TYc5 http://t.co/bpT2eKratA
Luke Carrier
27 Aug 15 05:51:56
RT @mudrd8mz: If there is `global $DB` in your #moodle plugin's renderer.php, you know you are doing it wrong #moodledev
Moodle Development
27 Aug 15 05:49:07
RT @mudrd8mz: If there is `global $DB` in your #moodle plugin's renderer.php, you know you are doing it wrong #moodledev
David Mudrák
27 Aug 15 05:48:53
If there is `global $DB` in your #moodle plugin's renderer.php, you know you are doing it wrong #moodledev
i. burak demirtaş
27 Aug 15 02:51:56
@IvanBarayev direkt pdox metotları ile kullanırsanız, inj koruması var. pdo'nun ham metotları için; $db = new PDOx(); $db->pdo->prepare(..);
$Stocknewsalerts
27 Aug 15 01:27:15
$DB Deutsche Bank hires Kinner Lakhani From our Stock News Alerts App
FinBUZZ Just-IN
26 Aug 15 13:50:01
Tickers trending on TWTR in last 1 hour $CA $DB $DJIA $PVH Varoufakis http://t.co/OkdwV7bb63 http://t.co/TTxM36nRe4
FinBUZZ Just-IN
26 Aug 15 13:32:31
Track trending assets in 1 watchlist $CA $DB $FL $PHM $PVH http://t.co/fHWbX1mCgV http://t.co/kGDg9Pf1C0
DeutscheBank Careers
26 Aug 15 08:09:07
RT @DBAmericas: Interested in a financial services career in Jacksonville? Join $DB on 9/15 at 60 Wall St to hear about opportunities http:…
Omar G. Huerta
26 Aug 15 07:52:35
RT @DBAmericas: #EzraWube explores belonging to two worlds, connecting multiple realities #FaceToPlaceExhibit #60Wall $DB http://t.co/4bOIF…
DeutscheBankAmericas
26 Aug 15 07:51:50
#EzraWube explores belonging to two worlds, connecting multiple realities #FaceToPlaceExhibit #60Wall $DB http://t.co/4bOIFsGikA
				
				
By  +Follow September 19, 2013 2:02PM
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