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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) .

Results for DB
Stock_Tracker
20 Apr 14 11:10:23
Deutsche Bank Ag (DB) 44.29 $DB Rahul Agrawal Joins Advisor Partners PR Newswire - Fri Apr 18, 7:45AM CDT Advi http://t.co/IqSHwAh000
FairOaksTrader
20 Apr 14 11:08:12
April 17 Short Sale List: $EGO $GOOGL $DB (charts included)
Nikolay Ryazantsev
19 Apr 14 21:05:51
RT @DBAmericas: $DB’s Chief US Equity Strategist David Bianco discussed what’s driving the market volatility on @CNBC http://t.co/U0Zudgb6Rx
Jamie
19 Apr 14 06:47:09
RT @prudencehardi: #EpicMobClothing ☯Gain Followers ☯RT This ☯MUST FOLLOW ME I FOLLOW BACK ☯Follow everyone who rts ☯Gain #BELIEBER $db=
mainer4444
19 Apr 14 06:47:05
RT @prudencehardi: #EpicMobClothing ☯Gain Followers ☯RT This ☯MUST FOLLOW ME I FOLLOW BACK ☯Follow everyone who rts ☯Gain #BELIEBER $db=
Onlayder8a
19 Apr 14 06:46:01
RT @prudencehardi: #EpicMobClothing ☯Gain Followers ☯RT This ☯MUST FOLLOW ME I FOLLOW BACK ☯Follow everyone who rts ☯Gain #BELIEBER $db=
Jacqueline
19 Apr 14 06:46:00
RT @prudencehardi: #EpicMobClothing ☯Gain Followers ☯RT This ☯MUST FOLLOW ME I FOLLOW BACK ☯Follow everyone who rts ☯Gain #BELIEBER $db=
Likolmop43194
19 Apr 14 06:42:00
RT @prudencehardi: #EpicMobClothing ☯Gain Followers ☯RT This ☯MUST FOLLOW ME I FOLLOW BACK ☯Follow everyone who rts ☯Gain #BELIEBER $db=
Courtney
19 Apr 14 06:41:50
RT @prudencehardi: #EpicMobClothing ☯Gain Followers ☯RT This ☯MUST FOLLOW ME I FOLLOW BACK ☯Follow everyone who rts ☯Gain #BELIEBER $db=
Oilklolmfa9
19 Apr 14 06:41:48
RT @prudencehardi: #EpicMobClothing ☯Gain Followers ☯RT This ☯MUST FOLLOW ME I FOLLOW BACK ☯Follow everyone who rts ☯Gain #BELIEBER $db=
Nilkongaig9813
19 Apr 14 06:41:43
RT @prudencehardi: #EpicMobClothing ☯Gain Followers ☯RT This ☯MUST FOLLOW ME I FOLLOW BACK ☯Follow everyone who rts ☯Gain #BELIEBER $db=
Miguafi8
19 Apr 14 06:41:39
RT @prudencehardi: #EpicMobClothing ☯Gain Followers ☯RT This ☯MUST FOLLOW ME I FOLLOW BACK ☯Follow everyone who rts ☯Gain #BELIEBER $db=
Limponfa8
19 Apr 14 06:41:07
RT @prudencehardi: #EpicMobClothing ☯Gain Followers ☯RT This ☯MUST FOLLOW ME I FOLLOW BACK ☯Follow everyone who rts ☯Gain #BELIEBER $db=
Jeff Lewis
18 Apr 14 15:41:50
RT @RudyHavenstein: *Analysis: Deutsche Bank to divest Las Vegas Cosmopolitan Hotel to concentrate on gambling business. http://t.co/FKtqL…
Brewokr
18 Apr 14 12:35:37
Limit a for each loop in a #tag #cloud: I have the following tag cloud. $rows = $db->… http://t.co/4uxPzhwEdY
Carl Rahn Griffith
18 Apr 14 11:54:52
RT @RudyHavenstein: *Analysis: Deutsche Bank to divest Las Vegas Cosmopolitan Hotel to concentrate on gambling business. http://t.co/FKtqL…
Rudolf E. Havenstein
18 Apr 14 11:50:45
*Analysis: Deutsche Bank to divest Las Vegas Cosmopolitan Hotel to concentrate on gambling business. http://t.co/FKtqLwZNFS $DB
HovnoKod.cz
18 Apr 14 05:35:00
#php Len tak si citam zdrojak, jedneho menej uspesneho projektu. - HovnoKod 2280: do { $db_connect=MySQL_C... http://t.co/jAAzwWTCBc
TACHIRA LIBRE !!!
18 Apr 14 02:41:36
RT @DBAmericas: $DB’s Chief US Equity Strategist David Bianco discussed what’s driving the market volatility on @CNBC http://t.co/U0Zudgb6Rx
iskender halil
18 Apr 14 02:26:31
RT @DBAmericas: $DB’s Chief US Equity Strategist David Bianco discussed what’s driving the market volatility on @CNBC http://t.co/U0Zudgb6Rx
Deutsche Bank
18 Apr 14 02:25:58
RT @DBAmericas: $DB’s Chief US Equity Strategist David Bianco discussed what’s driving the market volatility on @CNBC http://t.co/U0Zudgb6Rx
ronin245
17 Apr 14 22:54:40
$ATHN 3/3 was upgraded to $224 @ $DB those pimps Duetsch bank, have pumped the tops just about everything out there, lol
Stock Herald
17 Apr 14 20:01:04
$DB: Todays Top Performers In Banking http://t.co/h7s4J4z317
Informer
17 Apr 14 19:45:12
$DB: Todays Top Performers In Banking http://t.co/mfkoi2zDfz
MarketNews
17 Apr 14 19:40:30
$DB - Todays Top Performers In Banking -> http://t.co/eaRFQHcyAT #stock #stocks #stockaction
Stock Herald
17 Apr 14 17:52:06
$DB: Moodys ABCP rating actions ending April 14, 2014 http://t.co/8tqNPSpl3e
MarketNews
17 Apr 14 17:40:19
$DB - Moodys ABCP rating actions ending April 14, 2014 -> http://t.co/khyldkfeko #stock #stocks #stockaction
Olikmnof8a
17 Apr 14 15:38:44
☯Gain Followers ☯RT This ☯MUST FOLLOW ME I FOLLOW BACK ☯Follow everyone who rts ☯Gain #Love #FOLLOWBACK #FOLLOWBACK $db-
Deutsche Bank
17 Apr 14 13:00:16
$DB’s Chief US Equity Strategist David Bianco discussed what’s driving the market volatility on @CNBC http://t.co/U0Zudgb6Rx
Informer
17 Apr 14 10:22:36
$DB: A Wall Street Transcript Interview with Randall Abramson, CFA, CEO and... http://t.co/7qMmZ42lfF
matt
17 Apr 14 10:03:55
RT @macroaxis: $DB Fairly down. Lost over 1% after closing. Reports 69.50 times book value per share http://t.co/QtDVMVPESq
Macroaxis
17 Apr 14 10:01:06
$DB Fairly down. Lost over 1% after closing. Reports 69.50 times book value per share http://t.co/QtDVMVPESq
SNN Team
17 Apr 14 09:53:19
$DB - A Wall Street Transcript Interview with Randall Abramson, CFA, CEO and... -> http://t.co/NmPp0rXAsT #stock #stocks #stockaction
Jacob Hamblin
17 Apr 14 09:42:46
@investmonger “@valuewalk: Credit Suisse Group AG (ADR) (CS) Posts Dismal Q1 Earnings http://t.co/E9ekJyHEQv $CS $BCS $DB $HDB”
ValueWalk.com
17 Apr 14 09:34:20
Credit Suisse Group AG (ADR) (CS) Posts Dismal Q1 Earnings http://t.co/4BhlQxco2U $CS $BCS $DB $HDB
BradTrader
17 Apr 14 09:22:04
$DB A Wall Street Transcript Interview with Randall Abramson, CFA, CEO and Portfolio Manager of Trapeze Asset Management Inc.: A...
Jake13
17 Apr 14 08:29:08
$TZA Buy or Sell Opinion Click here to find out if $TZA is a buy hold or sell. Watching these stocks. $IWM $DB http://t.co/creGdIYR8G
BradTrader
17 Apr 14 08:27:34
$DB Credit Suisse Posts Dismal Q1 Earnings http://t.co/o4K1SsDjHO
Stock Herald
17 Apr 14 08:18:34
$DB: Deutsche Asset & Wealth Management Hires Chris Guttilla http://t.co/f20WJT9TCa
MarketNews
17 Apr 14 08:10:21
$DB - Deutsche Asset & Wealth Management Hires Chris Guttilla -> http://t.co/5jm0h7oT7z #stock #stocks #stockaction
Stock Herald
17 Apr 14 08:06:23
$DB: Credit Suisse Posts Dismal Q1 Earnings http://t.co/i1mnbEfxIX
MarketNews
17 Apr 14 07:55:30
$DB - Credit Suisse Posts Dismal Q1 Earnings -> http://t.co/0xq7vtzYsm #stock #stocks #stockaction
BradTrader
17 Apr 14 07:21:02
$DB Deutsche Asset & Wealth Management Hires Chris Guttilla http://t.co/wx9bF0FWh2
Sammy Lee
17 Apr 14 06:19:38
RT @valuewalk: Deutsche Bank Seeking To Exit Casino Business... In Las Vegas http://t.co/771rvLaNdB $DB
Alan Arturo Day G.
17 Apr 14 06:17:49
Deutsche Bank is looking to sell the @Cosmopolitan_LV - super beautiful property on the strip with lots of appeal. $DB $DBK #vegas
Mark Melin
17 Apr 14 06:03:32
RT @valuewalk: Deutsche Bank Seeking To Exit Casino Business... In Las Vegas http://t.co/771rvLaNdB $DB
ValueWalk.com
17 Apr 14 06:03:12
Deutsche Bank Seeking To Exit Casino Business... In Las Vegas http://t.co/771rvLaNdB $DB
BradTrader
17 Apr 14 04:12:35
$DB Is Deutsche Bank's Huge Forex Business in Trouble? http://t.co/BGCGM4dqOo
BradTrader
17 Apr 14 04:12:34
$DB Will This Price Target Reduction Hurt P.H. Glatfelter (GLT) Stock Today? http://t.co/26LTv3d2V8
Andreas Cseh
17 Apr 14 04:10:30
@Lavorgnanomics Deutsche $DB is TRYING to Sell Sell Sell it's Las #Vegas #casino http://t.co/b7yQYV256i @GazdasagTV http://t.co/VKCJGZkwl0
				
				
By  +Follow September 19, 2013 2:02PM
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