Previous close | 3.2700 |
Open | 3.2000 |
Bid | 3.1100 x 3100 |
Ask | 3.1900 x 3100 |
Day's range | 3.1300 - 3.2400 |
52-week range | 1.8150 - 4.4900 |
Volume | |
Avg. volume | 4,744,058 |
Market cap | 1.557B |
Beta (5Y monthly) | 2.89 |
PE ratio (TTM) | N/A |
EPS (TTM) | N/A |
Earnings date | N/A |
Forward dividend & yield | N/A (N/A) |
Ex-dividend date | N/A |
1y target est | N/A |
U.S. stocks ended lower on Tuesday as markets weighed economic data showing rising labor costs and deteriorating consumer confidence on the eve of a key Federal Reserve policy meeting to decide the direction of interest rates. Data showed on Tuesday that U.S. labor costs rose by a more-than-expected 1.2% last quarter, indicating an uptick in wage pressures. A survey also found that U.S. consumer confidence worsened in April, dropping to its lowest level in more than 1-1/2 years.
U.S. equity markets closed sharply lower on Tuesday, joining their global counterparts in the monthly loss column as investors await crucial economic data and the Federal Reserve convenes for its two-day policy meeting. Gold sank, the dollar rebounded and benchmark U.S. Treasury yields ticked higher after the U.S. Labor Department reported hotter-than-expected first-quarter employment cost growth, which is unlikely to alter the Fed's restrictive stance. "The sell-off was triggered by the higher-than-expected employment cost index," said Jay Hatfield, portfolio manager at InfraCap in New York.
The Nasdaq Composite fell 2%. Bond yields spiked in Tuesday morning trading after the employment cost index rose more than expected. The consumer confidence index, meanwhile, fell more than economists had anticipated, while the Chicago Business Barometer dropped unexpectedly.