SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

US markets end lower on getting some weak economic data

30 May 2015 Evaluate

The US markets ended lower on Friday on getting some weak economic data, all the major averages remained in red throughout the trading session. The weakness also reflected continued concerns about the outlook for the ongoing debt negotiations for Greece. On the domestic economic front, the Commerce Department reported that economic activity in the US contracted for the first time in a year in the first quarter of 2015. The gross domestic product fell by 0.7 percent in the first quarter compared to the previously reported 0.2 percent uptick. The drop came on the heels of a 2.2 percent increase in the fourth quarter. A separate report from MNI Indicators showed an unexpected contraction in Chicago-area business activity, while the University of Michigan said consumer sentiment fell by less than previously estimated. Chicago business barometer tumbled to 46.2 in May from 52.3 in April, with a reading below 50 indicating a contraction in regional business activity.

The Dow Jones Industrial Average lost 115.44 points or 0.64 percent to 18,010.68, the Nasdaq declined by 27.95 points or 0.55 percent to 5,070.03 and the S&P 500 dropped 13.40 points or 0.63 percent to 2,107.39.

Indian ADRs made a mixed closing on Friday, HDFC Bank was up by 0.40%, ICICI Bank was up by 0.02%, Infy gained 0.33%, Wipro ended higher by 0.19%. On the other hand, Dr Reddy’s was down by 0.07% and Tata Motors lost 0.07%.

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×