S&P 500 Snaps Three-Day Skid; Gold Rallies from Three-Week Low; Nikkei Falls to One-Month Low

Daily Data Flow

S&P 500 Snaps Three-Day Skid (Bloomberg)

After declining 1.1% in the past three sessions, the S&P rose Thursday, as better-than-expected Chinese trade data was reported. “It shows that the data is moving in the right direction, so at the end of the day that is a positive catalyst for stocks,” Anastasia Amoroso, Global Market Strategist at JPMorgan Funds, said. “There could be some short-term volatility around how that impacts Fed policy. One thing to keep in mind is if the Fed does actually reduce the pace of purchases that is for some very good reasons.”

Gold Rallies from Three-Week Low (Reuters)

After hitting a three-week low early on Wednesday, Gold rallied more than two percent by closing time on Thursday as the dollar slid to a seven-week low. “The buying today is due to short covering since not much is happening to strengthen the U.S. dollar,” said a Sydney-based precious metals trader. “Investors are selling their long U.S. dollar and buying other currencies and gold.”

Nikkei Falls to One-Month Low (CNBC)

After a Bank of Japan meeting closed without a change in fiscal policy, the Nikkei reversed earlier gains and fell 1.6% on Thursday. Though dwarfed by Wednesday’s 4% loss, the Nikkei’s Thursday decline marked a one-month low. “There are no downside risks emerging — inflation has developed with expectations while long-term interest rates have been very stable so the BOJ has been successful in restoring its credibility,” said Masayuki Kichikawa, chief Japan economist at Merrill Lynch Japan Securities.

share on:

Like This Article?
Now Get Mark's FREE Special Report:
3 Dividend Plays with Sky-High Returns

This newly-released report by a top-20 living economist details three investments that are your best bets for income and appreciation for the rest of the year and beyond.

Get Access to the Report, 100% FREE

share on:


Dr. Mark Skousen

Named one of the "Top 20 Living Economists," Dr. Skousen is a professional economist, investment expert, university professor, and author of more than 25 books.

Product Details

  • Forecasts & Strategies
  • Home Run Trader
  • Fast Money Alert
  • Five Star Trader
  • TNT Trader

Bryan Perry

A former Wall Street financial advisor with three decades' experience, Bryan Perry focuses his efforts on high-yield income investing and quick-hitting options plays.

Product Details

  • Cash Machine
  • Premium Income (exclusively for subscribers of Cash Machine)
  • Quick Income Trader
  • Breakout Options Alert
  • Hi-Tech Trader

Jim Woods

Jim Woods has over 20 years of experience in the markets from working as a stockbroker,
financial journalist, and money manager. As well as a book author and regular contributor to
numerous investment websites, Jim is the editor of:

Product Details

  • Successful Investing
  • High Velocity Options
  • Intelligence Report
  • Bullseye Stock Trader
  • Eagle Eye Opener

Bob Carlson

Bob Carlson provides independent, objective research covering all the financial issues of retirement and retirement planning. In addition, Bob serves as Chairman of the Board of Trustees of the Fairfax County (VA) Employees’ Retirement System, which has over $2.8 billion in assets.

Product Details

  • Retirement Watch
  • Retirement Watch Spotlight Series
  • Lifetime Retirement Protection Program

Jon Johnson

Jon Johnson's philosophy in investing and trading is to take what the market gives you regardless if that is to the upside or downside. For the past 21 years, Jon has helped thousands of clients gain success in the financial markets through his newsletters and education services:

Product Details

  • Investment House Daily
  • Stock of the Week
  • Technical Traders Alert
  • Rapid Profits Stock Trader


Used by financial advisors and individual investors all over the world, DividendInvestor.com is the premier provider and one-stop shop for dividend information and research.

Product Details

Popular tools include our proprietary Dividend Calendar, Dividend Calculator, Dividend Score Card, and many more.

  • Dividend Investor