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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
BonaSIMM
23 May 15 06:05:34
RT @iimag: 6 Top Research Analysts Offer Career Tips to Prospective Analysts http://t.co/vDoCE0k8xC $MS $BAC $DB $NMR http://t.co/1ePan7O9Gh
Susan Smith
23 May 15 05:42:19
RT @iimag: 6 Top Research Analysts Offer Career Tips to Prospective Analysts http://t.co/aauDtnVN5j $MS $BAC $DB $NMR http://t.co/dv0ZZIFq9C
Dean Carson
23 May 15 04:36:11
RT @iimag: 6 Top Research Analysts Offer Career Tips to Prospective Analysts http://t.co/aauDtnVN5j $MS $BAC $DB $NMR http://t.co/dv0ZZIFq9C
Dean Carson CPA
23 May 15 04:36:11
RT @iimag: 6 Top Research Analysts Offer Career Tips to Prospective Analysts http://t.co/aauDtnVN5j $MS $BAC $DB $NMR http://t.co/dv0ZZIFq9C
Dean Carson CPA
23 May 15 04:36:11
RT @iimag: 6 Top Research Analysts Offer Career Tips to Prospective Analysts http://t.co/aauDtnVN5j $MS $BAC $DB $NMR http://t.co/dv0ZZIFq9C
DCarsonCPA_MA
23 May 15 04:36:11
RT @iimag: 6 Top Research Analysts Offer Career Tips to Prospective Analysts http://t.co/aauDtnVN5j $MS $BAC $DB $NMR http://t.co/dv0ZZIFq9C
DCarsonCPA_FINRISK
23 May 15 04:36:11
RT @iimag: 6 Top Research Analysts Offer Career Tips to Prospective Analysts http://t.co/aauDtnVN5j $MS $BAC $DB $NMR http://t.co/dv0ZZIFq9C
DCarsonCPA_CATX
23 May 15 04:36:11
RT @iimag: 6 Top Research Analysts Offer Career Tips to Prospective Analysts http://t.co/aauDtnVN5j $MS $BAC $DB $NMR http://t.co/dv0ZZIFq9C
Dean T.Carson II CPA
23 May 15 04:36:11
RT @iimag: 6 Top Research Analysts Offer Career Tips to Prospective Analysts http://t.co/aauDtnVN5j $MS $BAC $DB $NMR http://t.co/dv0ZZIFq9C
Forex Update
23 May 15 04:35:31
RT @iimag: 6 Top Research Analysts Offer Career Tips to Prospective Analysts http://t.co/aauDtnVN5j $MS $BAC $DB $NMR http://t.co/dv0ZZIFq9C
Institutional Invest
23 May 15 04:30:07
6 Top Research Analysts Offer Career Tips to Prospective Analysts http://t.co/aauDtnVN5j $MS $BAC $DB $NMR http://t.co/dv0ZZIFq9C
nicholas
23 May 15 01:39:54
lookn4wins: HNR Harvest Natural Resources, Inc. Financials http://t.co/XBarxh7fHa $HNR $DB $MMTC $OIL #HNR #sto… http://t.co/Z2kvWGlcTg
danrocks
23 May 15 01:38:10
IBB Biotech iShares 52Wk Low http://t.co/RN1g5GN1IY $IBB $CAMP $DB $RGLD #IBB #tradeideas #stock
lookn4wins
23 May 15 01:38:08
HNR Harvest Natural Resources, Inc. Financials http://t.co/6MP3b0FNeu $HNR $DB $MMTC $OIL #HNR #stock #finance
IH News Desk
23 May 15 01:38:07
ICBT ICBS, Ltd. Current Price http://t.co/REfg0W4a0o $ICBT $DB $NSU $WUBA #ICBT #stockmarket #tradeideas
nasdaqfan
23 May 15 01:35:07
EWK Belgium iShares 52Wk High http://t.co/YjMfRQE8JU $EWK $DB $KRNT $JBLU #EWK #stock #finance
clayton
23 May 15 01:35:07
FTG.TO Firan Technology Group Corp. % Change http://t.co/V9boyiVlHL $FTG.TO $PBPB $DB $VZ #FTG.TO #share #finance
Lucky Jimmy
23 May 15 01:33:53
DB Deutsche Bank AG Dividend http://t.co/LSLYnatJlZ $DB $TANH $ASHR $VJET #DB #pennystocks #tradeideas
Tom Loffman
22 May 15 18:58:07
Biggest losers today large caps: $BBDO -14.15% $ROST -4.45% $DB -4.12% $PBR-A -3.75% $PBR -3.58% $ITUB -3.48% $BBD -3.19% $ORAN -3.03%
.
22 May 15 13:48:18
Deutsche Bank suspends Moscow traders for suspected money-laundering $DB | http://t.co/IKilqn9Ahq http://t.co/jFqdWVWsGw
News before its news
22 May 15 13:42:40
Deutsche Bank suspends Moscow traders for suspected money-laundering $DB | http://t.co/zZ4exS6Wko http://t.co/7zhMDTcLyy
.
22 May 15 13:42:39
Deutsche Bank suspends Moscow traders for suspected money-laundering $DB http://t.co/IKilqn9Ahq
BreakingStocksNews
22 May 15 13:13:02
$BAC $DB: America Has Become a “Banana Republic Run by Wall Street ...: http://t.co/sqbndHqCnK
DPK
22 May 15 11:44:01
Global high-yield book running $JPM $DB $GS http://t.co/kL86gN3qUA http://t.co/uT5mLwg3pM
Sicarius
22 May 15 11:08:20
Back in $DB here....☺ http://t.co/zWRr5tk0Cz
BreakingStocksNews
22 May 15 10:40:06
$MRVL $DB: Marvell's Mobile Unit Lifts Hopes After Weak Outlook MRVL: http://t.co/27WREAIdCA
Financial Stocks
22 May 15 09:10:28
FT: Ben Lawsky prepping exit present for banks http://t.co/WeRbuu8IiT $BCS $DB $BNPQF $CS
SA Breaking News
22 May 15 09:10:27
FT: Ben Lawsky prepping exit present for banks http://t.co/64eGtTQ1w6 $BCS $DB $BNPQF $CS
notsofast
22 May 15 09:08:27
Props to @Bleutrade for listing a whack of new coins. Let's trade! $FADE $DB $ARB $BTA
BNK Invest
22 May 15 08:37:47
Deutsche Bank $DB Shares Cross Below 200 DMA $ADRU #dividends http://t.co/mPclsNDke3
ProVesting
22 May 15 08:03:03
$DB: Delay in Fed Rate Hike May Not be Good News for Stocks: http://t.co/3RC9FRS8R8
Shiraz Lakhi
22 May 15 07:28:19
Financial #Stocks Trading DOWN on < 2% GAP-DOWN-OPEN $JGW $DB ++ http://t.co/zU6JC40B2E
Wolf of Altstreet
22 May 15 07:27:45
RT @Bleutrade: #DarkBit [DB] is now live on @Bleutrade! https://t.co/F6ndk9DlO8 $DB $DARKBIT
Bleutrade
22 May 15 07:24:34
#DarkBit [DB] is now live on @Bleutrade! https://t.co/F6ndk9DlO8 $DB $DARKBIT
Cameron
22 May 15 07:06:28
@SteveBurnette Too many internal issues with $DB this week to use it as a tell . Howdy ;)
Stephen Burnette
22 May 15 07:05:45
@BlueFielder what does $DB say to you about today?
Mary
22 May 15 06:21:37
@marlentweets Mizuho & $DB loaned $ON $1B then rate BUY w/ $16-$17 price target. Motivated Self Interest! Scam city http://t.co/4nnCGCmFi2
Gary Kendall
22 May 15 05:01:14
Just when you thought that the #FX issue was settled, NY DFS continues probe into $BARC and $DB electronic platforms http://t.co/6rTzcQBuCX
UBS TrendRadar CH
22 May 15 01:09:34
Mittelfristiges Signal! $DB: Ein Trendkanal wurde bei 28.99 EUR nach unten durchbrochen: http://t.co/kh7JhIRLR3
Institutional Invest
21 May 15 22:30:17
6 Top Research Analysts Offer Career Tips to Prospective Analysts http://t.co/aauDtnVN5j $MS $BAC $DB $NMR http://t.co/gBIvYFoOhE
Joe
21 May 15 15:06:35
$DB Very bullish on this. I think we rally 20-30% with limited downside here.
Roxane Cedano
21 May 15 14:26:44
RT @bronxtrader: $COH , $DB, you are killing my P&L......Mama Mia!
David Doughty
21 May 15 13:44:11
RT @bored2tears: FT: 39% of shareholders vote against Deutsche Bank management at annual meeting. http://t.co/mFU09AXbLy $DB #banks #CorpGov
Octaviano  Tatau
21 May 15 13:23:26
RT @DeutscheBank: Decrease in capacity utilisation has delayed #inflation uptrend, says #TorstenSlok, $DB Chief International Economist. #d…
Octaviano  Tatau
21 May 15 13:23:10
RT @DeutscheBank: Decrease in capacity utilisation may delay 1st #Fed hike, says #TorstenSlok, $DB Chief International Economist. #dbAccess…
Octaviano  Tatau
21 May 15 13:22:59
RT @DeutscheBank: #ECB & #Europe will continue to affect rest of world for foreseeable future. #GeorgeSaravelos, $DB Co-Head #FX Research. …
Julia Große-Berg
21 May 15 13:08:22
RT @CNNMoney: Deutsche Bank warns Britain: If you leave EU, we may take our business elsewhere http://t.co/5v3Hn1SPaS #Brexit $DB http://t.…
bored2tears
21 May 15 12:43:11
FT: 39% of shareholders vote against Deutsche Bank management at annual meeting. http://t.co/mFU09AXbLy $DB #banks #CorpGov
Ricardo Henzler
21 May 15 12:25:18
RT @DeutscheBank: #ECB & #Europe will continue to affect rest of world for foreseeable future. #GeorgeSaravelos, $DB Co-Head #FX Research. …
Zercatto
21 May 15 12:02:48
Deutsche Bank warns U.K.: Don't leave European Union from @ivanakottasova #invest $DB http://t.co/QooH7hteUd http://t.co/EquFKTVLfM
				
				
By  +Follow September 19, 2013 2:02PM
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