Stock Market Today

Euro exchange rate fell also inhibited the buyer power. Exchange rate of the euro against the dollar fell below 1.22 In the morning,then the U.S. stock market gains began to narrow, Exchange rate of the euro against the dollar fell to 1.2182 at present ,but it remained above the minimum level of 1.2111 created by 4 years on june 1, Euro exchange rate has been considered as measure of market confidence in the European economic outlook indicator.
the volatility of today’s market is large,it continue the recent pattern of broader market turmoil, U.S. stocks close suddenly diving on Monday,then sharp rise before the close on Tuesday, U.S. investors are still confused about the speed of economic recovery, and attempt to determine if the decline trend after the market reached a new high this year will continue.
Bond prices fall, yields rise. 10-year yields rose to 3.37%.

Although there are some bright spots of today’s economic data, but not enough to maintain the buyer’s interest. The Labor Department report showed that the the number of first time retrenched workers in United States reduced , The Labor Department announced that initial claims for unemployment benefits declined by 1 million last week, the total dropped to 45.3 million, basically consistent with economists average expected a decline to 45 million people .

ADP employment report showed private sector employment last month increased 55,000, although this result was lower than economists expected an increase of 6 million people, the number of jobs created in April will be revised up to 6.5 million people, more than double the previous estimate.