S&P 500 Index Falls the Most in Three Months as Concerns Mount Regarding Effectiveness of Stimulus Measures
September 28 2012 - 8:20AM
Marketwired
The S&P 500 Index has risen roughly 15 percent year-to-date on
a string of better-than-estimated earnings. The index on Tuesday
experienced its biggest slide in three months after comments made
by a Fed official criticized the effectiveness of recent stimulus
measures. The Paragon Report examines investing opportunities in
the S&P 500 Index and provides equity research on Kraft Foods
Inc. (NASDAQ: KFT) and FedEx Corporation (NYSE: FDX).
Access to the full company reports can be found at:
www.ParagonReport.com/KFT
www.ParagonReport.com/FDX
"We are unlikely to see much benefit to growth or to employment
from further asset purchases," Plosser said in a speech today at
the district bank in Philadelphia. "Conveying the idea that such
action will have a substantive impact on labor markets and the
speed of the recovery risks the Fed's credibility." stated Federal
Reserve Bank of Philadelphia President Charles Plosser.
Wednesday was the fifth consecutive day of losses for the
S&P 500 Index, the longest streak since July, as concerns
regarding Europe's debt crisis continue to grow. Anti-austerity
protests in Spain and Greece and an unexpected decline in German
consumer confidence in September have suggested that the euro-zone
debt crisis is far from under control.
Paragon Report releases regular market updates on the S&P
500 Index so investors can stay ahead of the crowd and make the
best investment decisions to maximize their returns. Take a few
minutes to register with us free at www.ParagonReport.com and get
exclusive access to our numerous stock reports and industry
newsletters.
Kraft Foods will complete the spin-off of Kraft Foods Group,
Inc. (which will hold the North American grocery business) at 5
p.m. EDT on Oct. 1, 2012. It was recently reported that Kraft Foods
Group will replace Alpha Natural Resources in the S&P 500.
Kraft Foods, which will change its name to Mondelez International,
will remain a member of the S&P 100 and the S&P 500.
FedEx shares fell sharply last week after the company slashed
their full year fiscal 2013 profit targets, citing a weak global
economy. "Weak global economic conditions dampened revenue growth
(and) drove a shift by our customers to our deferred services,"
Chief Financial Officer Alan Graf said in a statement.
The Paragon Report has not been compensated by any of the
above-mentioned publicly traded companies. Paragon Report is
compensated by other third party organizations for advertising
services. We act as an independent research portal and are aware
that all investment entails inherent risks. Please view the full
disclaimer at: http://www.paragonreport.com/disclaimer
Add to Digg Bookmark with del.icio.us Add to Newsvine
Kraft (NASDAQ:KFT)
Historical Stock Chart
From Jan 2025 to Feb 2025
Kraft (NASDAQ:KFT)
Historical Stock Chart
From Feb 2024 to Feb 2025