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4 Events To Watch Today: S&P 500 In Focus

Posted Thursday, June 15, 2017 by
Arslan Butt • 1 min read

The US stock markets dropped in response to volatility in the oil prices which eventually triggered a dramatic selloff in energy shares. Specifically, the S&P 500 is comprised of 10 sectors, out of which one of the sectors is energy. Energy stocks tripped 1.8% following a swell in crude inventories, which triggered massive selling in the crude oil. The drop in energy prices reduces companies' profit margins.

Being an investor, I definitely will not keep my investments in the shares of a company whose profit margins are declining. That's a full story behind the bearish momentum in the S&P 500.

4 Major Events In Focus  

In the New York trading session, we need to monitor the following events:

  • Unemployment Claims (12:30)
  • Philly Fed Manufacturing Index (12:30)
  • Capacity Utilization Rate (13:15)
  • Industrial Production m/m (13:15)


Three out of four represent production activity, and increased production is a sign of economic growth. Investors from all over the globe are likely to shift their investments into the US stock markets.

S&P 500 - Hourly Chart S&P 500 – Hourly Chart 


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