U.S. Stocks Decline as Morgan Stanley Slides Amid Profit Miss
Monday, 19 October 2015 21:10 WIB |
MARKET UPDATE |Saham AS
U.S. stocks slipped from an eight-week high amid corporate earnings reports, as Morgan Stanley joined banks posting results this season that disappointed investors.
The Standard & Poor’s 500 Index lost 0.4 percent to 2,025.86 at 9:33 a.m in New York, after rising for a third straight week. Morgan Stanley fell 6.2 percent.
The S&P 500 is rebounding from its worst quarter in four years, even as investor sentiment swings between concern over China’s slowdown and optimism that the Federal Reserve is in no hurry to raise interest rates. The probability of a U.S. rate increase this year has diminished to 40 percent, from 64 percent before the Fed’s September meeting, with March the first month for which traders price in at least even odds of a rate boost.
Federal Reserve Governor Lael Brainard, a permanent voter on the FOMC, is due to give a speech on regulation at 10 a.m. Richmond Fed chief Jeffrey Lacker, an FOMC voter for the next two meetings, speaks on education and gives a Q&A at 12 p.m. John Williams, San Francisco Fed chief and also an FOMC voter until January, is due to speak on Bloomberg TV at 2 p.m.
Source : Bloomberg