Epic US Markets Update

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Epic Research
The S&P retail sector index slipped 0.2 percent after a number of retailers, including Bed Bath & Beyond and Family Dollar, slashed their earnings forecasts.

The Dow Jones industrial average fell 17.98 points or 0.11 percent, to end at 16,444.76. The S&P 500 inched up just 0.64 of a point, or 0.03 percent, to finish at 1,838.13. The Nasdaq Composite dropped 9.41 points or 0.23 percent, to close at 4,156.19.
 
EPIC INDIAN RUPEE UPDATE

The Indian rupee gained in early trade against the dollar. The Indian rupee opened higher by 30 paise at 61.59 per dollar against 61.89 Friday.
 
EPIC US MARKETS UPDATE

The Dow Jones industrial average fell 179.11 points or 1.09 percent, to 16,257.94, the S&P 500 lost 23.17 points or 1.26 percent, to 1,819.2 and the Nasdaq Composite dropped 61.36 points or 1.47 percent, to 4,113.30.

The S&P 500%u2032s jump of almost 30 percent last year, its forward price-to-earnings ratio is the highest in nearly seven years and investors are weighing the risk of paying such a high premium for earnings that may see growth stall.
 
EPIC US MARKETS UPDATE

The S&P 500 companies having reported quarterly results, 53.8 percent have beaten earnings expectations, according to Thomson Reuters data, below the 63 percent historical average. About 62 percent have beaten on revenue, above the long-term 55 percent average.

The Dow Jones industrial average rose 115.92 points or 0.71 percent, to 16,373.86, the S&P 500 gained 19.68 points or 1.08 percent, to 1,838.88, and the Nasdaq Composite added 69.71 points, or 1.69 percent, to 4,183.01.
 
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