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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) .

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Results for DB
NASDAQ
18 Apr 15 11:39:01
$DB - Deutsche Bank Leaning Toward Disposing of Postbank -- Update http://t.co/gzOInmFlI8
NASDAQ
18 Apr 15 10:57:01
$DB - Deutsche Bank Leaning Toward Disposing of Postbank http://t.co/wNLaLCwAVH
#
18 Apr 15 10:34:56
Battle Of The Investment Banks: Goldman Sachs Vs. Deutsche Bank $DB $GS via @benzinga http://t.co/cAro3Zleps
Thudder & Wicks
18 Apr 15 09:10:37
Deals of the Day: #ANA to buy stake in #Skymark, #UniCredit close to deal with $SAN on asset management units, $DB http://t.co/5YIkZEEy21
BreakingStocksNews
18 Apr 15 07:29:09
$GS $DB: Battle Of The Investment Banks: Goldman Sachs Vs. Deutsche Bank: http://t.co/P2NdccpOr7
YIANNIS PATRIKAKIS
18 Apr 15 07:28:29
RT @Benzinga: Battle of the Investment Banks: Goldman Sachs vs. Deutsche Bank $DB $GS http://t.co/czE72s8IPP
Quantpost Financial
18 Apr 15 07:26:31
$GS News: "Battle of the Investment Banks: Goldman Sachs vs. Deutsche Bank $DB $GS" http://t.co/GzJO09F5zg Analyze: https://t.co/ctZJLVmTaz
Benzinga.com
18 Apr 15 07:26:30
Battle of the Investment Banks: Goldman Sachs vs. Deutsche Bank $DB $GS http://t.co/czE72s8IPP
Market Parse
18 Apr 15 06:02:32
@DeutscheBank $DB Your tweet has been featured on Market Parse, for iPhone. http://t.co/YHInvBCk4m
Market Parse
18 Apr 15 06:02:32
@morganbaz $DB Your tweet has been featured on Market Parse, for iPhone. http://t.co/YHInvBCk4m
Market Parse
18 Apr 15 06:02:32
@jeepdrew22 Your tweet about $DB had a sentiment of 5 and was featured on Market Parse. http://t.co/5WyUW5R8WJ
Market Parse
18 Apr 15 06:02:32
@DeutscheBank Your tweet about $DB had a sentiment of 5 and was featured on Market Parse. http://t.co/5WyUW5R8WJ
Market Parse
18 Apr 15 06:02:32
@DBAmericas $DB Your tweet has been featured on Market Parse, for iPhone. http://t.co/YHInvBCk4m
Patrick Baynes
18 Apr 15 05:59:24
RT @blane9171: For the 2nd time in my career, a firm is touting its position as the largest RE owner in the world. It didn't end well last …
Bill Lane
18 Apr 15 05:52:37
For the 2nd time in my career, a firm is touting its position as the largest RE owner in the world. It didn't end well last time $DB $BX
Rosner Stocks
17 Apr 15 22:28:28
$DB Stock Message Board Click Here: http://t.co/nxTS79ajJC Also See: $CHPFF $CESDF $CNO $BSRAE ~
dailystockplays.com
17 Apr 15 17:38:25
$DB 50 SMA Support http://t.co/7IC0WK1KoN
UBS TrendRadar CH
17 Apr 15 15:15:51
Mittelfristiges Signal! $DB: Eine Doppeltop wurde bei 30.93 EUR nach unten durchbrochen: http://t.co/quweO8nhr1
Libertad
17 Apr 15 14:50:30
RT @Frances_Coppola: RT @cr_harper: Deutsche Bank said to seek partial or full retail bank exit http://t.co/FeT9WgF3Vk via @ElisaMartinuzzi…
Luís Vilela
17 Apr 15 14:46:03
RT @Frances_Coppola: RT @cr_harper: Deutsche Bank said to seek partial or full retail bank exit http://t.co/FeT9WgF3Vk via @ElisaMartinuzzi…
ubaldo
17 Apr 15 14:44:04
RT @Frances_Coppola: RT @cr_harper: Deutsche Bank said to seek partial or full retail bank exit http://t.co/FeT9WgF3Vk via @ElisaMartinuzzi…
Frances Coppola
17 Apr 15 14:40:55
RT @cr_harper: Deutsche Bank said to seek partial or full retail bank exit http://t.co/FeT9WgF3Vk via @ElisaMartinuzzi @business $DB
SwingTradeBot
17 Apr 15 14:33:40
Scan results - 50 DMA Support today: $CDK $CMCSA $MYGN $DB $GLF $CHTR $CMA $EXAS $FHN $CLDX ... http://t.co/ZtYPLvk3aY
John Glover
17 Apr 15 14:15:36
RT @cr_harper: Deutsche Bank said to seek partial or full retail bank exit http://t.co/UnsE02wB3d via @ElisaMartinuzzi @business $DB
Christine Harper
17 Apr 15 14:15:14
Deutsche Bank said to seek partial or full retail bank exit http://t.co/UnsE02wB3d via @ElisaMartinuzzi @business $DB
Jim Johnson
17 Apr 15 13:47:57
RT @DividendMaster: $DB economists shocked to see probability of a rate hike even by September now plunging ! @tweetstar10 growls http:/…
Martha Rowe Anderson
17 Apr 15 13:08:41
RT @krollbondrating: #KBRA Affirms COMM 2014-CCRE17 https://t.co/RercJZVajJ #CMBS $DB
Kroll Bond Ratings
17 Apr 15 12:53:04
#KBRA Affirms COMM 2014-CCRE17 https://t.co/RercJZVajJ #CMBS $DB
Stock Option Finder
17 Apr 15 12:46:27
$DB option vol ~22k vs ~6k normal most in May 34 calls. Stock held at 50 day MA and still above 200 day MA, looking for rebound next week
NASDAQ
17 Apr 15 12:07:03
$DB - Prospectus Filed Pursuant to Rule 424(b)(2) (424b2) http://t.co/SWTGE4RRL9
OptionsPlay
17 Apr 15 11:00:30
$DB gapped down 3.50% below its $33.81 support today, which now becomes resistance. http://t.co/A7EPjSqnWJ
Heard on the Street
17 Apr 15 10:40:31
RT @Spencerjakab: Sirens Blare in Europe http://t.co/AVkSFwFuew via @WSJMoneyBeat $DB #greece http://t.co/tbAYTJ7mIg
Dividend Master
17 Apr 15 10:31:37
Nasty day for $DB ....... they still the most levered major bank in world ?
StockNewsWires
17 Apr 15 09:42:03
$DB: Sirens Blare in Europe: http://t.co/mOfwedtImb
Steve Cortes
17 Apr 15 09:41:13
Deutsche Bank off 5% in just 2 days. Not so sure Europe is "fine" $DB
L Príncipe
17 Apr 15 09:39:41
$DB$ https://t.co/hQPSngqlgr
Spencer Jakab
17 Apr 15 09:39:22
Sirens Blare in Europe http://t.co/AVkSFwFuew via @WSJMoneyBeat $DB #greece http://t.co/tbAYTJ7mIg
Open Outcrier
17 Apr 15 09:22:35
$DB May 34 Calls very busy, over 15k trade today
Sunrise Trader
17 Apr 15 09:16:07
hmmm $DB telling us something? observation no position
Sicarius
17 Apr 15 09:04:37
@timseymour Sell $DB ?
Sentinus
17 Apr 15 08:57:53
RT @DividendMaster: $DB economists shocked to see probability of a rate hike even by September now plunging ! @tweetstar10 growls http:/…
Dividend Master
17 Apr 15 08:50:14
$DB economists shocked to see probability of a rate hike even by September now plunging ! @tweetstar10 growls http://t.co/6y5eY3CuDl
Nick Crepas
17 Apr 15 08:37:51
The market will realize a book value of 0.6 on $DB is a great value. All the Greek chatter matters little long-term. $EUFN $VGK $VEU $HSBC
REDLEAF
17 Apr 15 08:16:01
$NBG $DB $SPY $GREK Times are so bad no one is dancing and breaking dishes in Greece How times have changed in the great city states.
Breaking News
17 Apr 15 07:47:04
$DB: Exane BNP Paribas Rating on Deutsche Bank AG (NYSE:DB): http://t.co/eqXouOwmuL
BTC WILL SAVE US
17 Apr 15 07:43:02
$DB near SMA200, earnings 04/29, should be 5% up in a couple of weeks, GO GO GO GO GO GO
Financial Stocks
17 Apr 15 07:25:59
Deutsche reportedly decides to sell Postbank http://t.co/efSNPzsbk2 $DB
SA Breaking News
17 Apr 15 07:25:58
Deutsche reportedly decides to sell Postbank http://t.co/xblkoZRri3 $DB
Nicholas Van Orton
17 Apr 15 07:24:20
RT @andreascseh: Where to go? No confidence in Deutsche Bank $DB http://t.co/WkkKB6bsMA @InvestorHU @puszipajtas @pesterlloyd @wiblatt http…
Andreas Cseh
17 Apr 15 06:40:02
Where to go? No confidence in Deutsche Bank $DB http://t.co/WkkKB6bsMA @InvestorHU @puszipajtas @pesterlloyd @wiblatt http://t.co/wLgtAE8dO4
				
				
By  +Follow September 19, 2013 2:02PM
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