U.S. Stocks Fluctuate as Russia Concerns Offset EBay
Tuesday, 30 September 2014 21:03 WIB |
MARKET UPDATE |Saham AS
U.S. stocks fluctuated, with the Standard & Poor’s 500 Index headed toward a seventh straight quarterly gain, as a rally in EBay Inc. offset concerns that Russia may introduce capital controls.
EBay jumped 6.7 percent after the world’s biggest online marketplace said it will separate from its payments unit PayPal next year.
The S&P 500 added less than 0.1 percent to 1,978.29 at 9:36 a.m. in New York.
Russia’s central bank is weighing the introduction of temporary capital controls if the flow of money out of the country intensifies, according to two officials with direct knowledge of the discussions.
The S&P 500 fell 0.3 percent yesterday as Hong Kong protests spurred political concern and a rebound in consumer spending fueled speculation the Federal Reserve may raise interest rates sooner than anticipated. The gauge has lost 1.3 percent in September with the Fed on course to end its monthly bond-buying program, known as quantitative easing, in October.