US Stock Market Update - 28th January 2015

Jan. 28, 2015 - PRLog -- Capetian Asset Management is a world-wide private equity firm with the resources and expertise to source, evaluate, and manage private investments globally in both developed and developing markets and across many industrial and commercial sectors.

US Stock Market Update - 28th January 2015

The major indexes in the US retreated yesterday despite the storm that was predicted to be the worst on record, barely covering the sidewalks with snow.

Key factors to the decline were seen as the strength of the USD and the uncertainty on whether the Federal Reserve will make any statements which provide a clear indication on a rate increase.

Currently, June has been the longstanding month many believed would see a rate movement yet now the Dollar is continuing to see gains and global growth being called further into question, a rate increase may not be on the cards. Many analysts will be waiting to see whether an indication on when and even if there is a rate increase will have to wait until later this afternoon.

The Dollar has been blamed for poor earnings by some of the major corporations reporting this week. Both Microsoft and Caterpillar came in well under expectations, Microsoft claimed that profits had fallen 10% in the last quarter of 2014, seeing their stock lose over 9% on the day. Caterpillar, a company that is used by some as a gauge to the global economy saw it shares drop 7% on its reporting.

The S&P 500 dropped 1.34% with the technology index losing 3.3%, its largest drop since November 2011.

It wasn’t all bad news however, especially if you’re an Apple investor. The company reported 4th quarter profits of $18bn for 2014. That is the largest reported quarterly profit of any Public company, ever. apple stock was up 5% after hours on the news and the profits were seen to come from their huge expansion into China late last year.

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DISCLAIMER  The views, opinions, findings, and conclusions or recommendations expressed on this service are those of the author(s) and do not necessarily reflect the views of the Capetian Asset Management. All market data within this release is for your general information and enjoys indicative status only. Capetian Asset Management does not accept any responsibility for its accuracy or for any use to which it may be put. All share prices and market indexes delayed at least 15 minutes. 52 week high and low values are calculated from close price data.