24 Jul 2014
US stocks turn negative, Europe ends higher
FXStreet (Córdoba) - Equities in Wall Street lost momentum during the last hours pushing main indexes to the negative side. In Europe stocks closed higher supported by economic data from the Eurozone and China.
Among country indexes the FTSE 100 rose 0.34% despite a weak reading in UK retail sales, while the Dax gained 0.41% and the Cac 40 climbed 0.79%. In the US, the Dow Jones was falling a modest 0.06% while the Nasdaq was near the lows, down 0.17%.
Economic reports in the US showed that initial jobless claims dropped by 19,000 to the lowest levels since February 2006 while new home sales fell 8,1% in June, to 3-month lows.
Among country indexes the FTSE 100 rose 0.34% despite a weak reading in UK retail sales, while the Dax gained 0.41% and the Cac 40 climbed 0.79%. In the US, the Dow Jones was falling a modest 0.06% while the Nasdaq was near the lows, down 0.17%.
Economic reports in the US showed that initial jobless claims dropped by 19,000 to the lowest levels since February 2006 while new home sales fell 8,1% in June, to 3-month lows.