US Stocks Flat Even After Big Mergers Announced

July 29, 2014 Share Print 0

It was another merger Monday on Wall Street. But that didn’t excite investors too much.
The Dow eked out a slight gain while the S&P 500 finished right where it started. The Nasdaq dipped into negative territory. Investors are probably focused more on the deluge of economic reports coming later this week: a read on gross domestic product (GDP) for the second quarter, a meeting from the Federal Reserve’s policy committee and the July jobs report.

“I think the market is somewhat apprehensive coming into this week because of the amount of data that we’re likely to see going into the week,” said Tom Beevers, chief executive officer of StockViews.

via CNN

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Alfonso Esparza

Senior Currency Analyst at Market Pulse

Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.