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The major US equity indices are down around 1.5% across the board as investors ponder the latest round of news and numbers

Jay Soloff

Argonath Financial

The major US equity indices are down around 1.5% across the board as investors ponder the latest round of news and numbers. Apple (AAPL) is dragging tech stocks down after having an uncharacteristically buggy rollout of its iOS 8 update. Meanwhile, Russia is apparently contemplating seizing foreign assets, causing a ripple of concern among some investors. From an economic standpoint, durable goods followed its biggest month ever with its worst month ever, down 18.2% in August. However, stripping out transportation (aircraft in particular) new orders for large, high-priced products actually climbed 0.7%, just a bit under expectations. Finally, jobless claims continue their positive trend, beating expectations and coming in at 293,000 compared to the 300,000 predicted. The closely-watched 4-week moving average also dropped 1,250 to 298,500. (VIEW LINK) (VIEW LINK)


Jay Soloff
Jay Soloff
Research Analyst
Argonath Financial

I'm an investments analyst for a US-based independent investment research firm. My focus is on economics, options, and all types of stocks, but especially tech, Internet, and renewable energy companies. I have experience as a options market...

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