US markets closed lower; Dow snaps seven days winning streak

14 Oct 2015 Evaluate

The US markets closed lower on Tuesday, snapping a seven-day streak of gains for the Dow industrials and four consecutive days of advances for the S&P 500 and the Nasdaq Composite. Federal Reserve governor Lael Brainard stepped out of the shadow of Fed Chairwoman Janet Yellen and urged the central bank not to hike rates prematurely. Brainard stated that the risks to the US economy are now to the downside and that it is important to nurture the recovery. While the Fed has the tools to combat an inflation shock if it emerges, the central bank can’t do much to support the US economy if international cross currents weigh on demand, given that interest rates are already at zero. The Fed governor refused to discuss the timing of when the central bank will hike rates, but her comments suggest that she is in the minority of officials arguing against a 2015 rate increase. Federal Reserve Governor Daniel Tarullo stated that he doesn’t expect conditions to be appropriate to raise interest rates this year, in the second departure on the Fed’s Board of Governors from the stance of Fed Chairwoman Janet Yellen and Fed Vice Chairman Stanley Fischer this week. Tarullo added that it would be better to look for tangible signs of rising inflation and improving wages, than to rely on historical relationships like the Phillips Curve that link declining unemployment to future rises in inflation.

Meanwhile, James Bullard, the president of the St. Louis Fed stated that the Federal Reserve should gradually raise interest rates. Bullard added that prudent monetary policy suggests gradually edging the policy settings closer to normal, since the goals have been met and policy would still remain very accommodative. The accommodative stance will provide plenty of insurance against any remaining risks to the US economy. Bullard will be a voting member of the Fed policy committee in 2016. Bullard suggested concern about China’s economy might be overstated, saying there was no hard landing being forecast by experts.

On the economy front, small-business owners aren't very optimistic about the next few months. An increasing number expect sales to decline and the highest share since 2007 say they cannot find qualified workers. The National Federation of Independent Business stated that its small business optimism index was little changed in September, edging up 0.2 points to 96.1. That’s still below the 42-year average of 98.

The Dow Jones Industrial Average dropped by 49.97 points or 0.29 percent to 17,081.89, Nasdaq was down 42.03 points or 0.87 percent 4,796.61, while the S&P 500 lost 13.77 points or 0.68 percent to 2,003.69.

Indian ADRs ended in red, HDFC Bank was down by 1.99%, Dr. Reddy’s Lab was down by 0.66%, Infosys was down 0.35%, ICICI Bank was down 0.18% and Wipro was down by 0.10%.

Create stable, long-term investment portfolio with strong, consistent stocks.

Start Research-backed Investing ...Now. Subscribe to Sapphire

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

Fiduciary-first advisory model.
As SEBI-registered IAs, we are legally and ethically bound to act in the best interests of our clients. We do not sell or distribute any financial products. This ensures our guidance is 100% unbiased and conflict-free.
Deep fundamental research + robust valuation discipline.
Built on more than 15 years of equity research, our framework combines quality assessment, intrinsic value estimation, and a sensible margin-of-safety approach.
Process—not predictions.
We don’t rely on guesswork or market timing. Instead, we focus on asset allocation, risk management, and long-term compounding.
Technology + Human Intelligence.
We believe a combination of both is essential for investing success. We constantly innovate and upgrade in-house tools, financial X-rays, and portfolio analytics so that our team of analysts and advisors are equipped with the best.
Partner with Clients.
We follow a DIWM (Do-It-With-Me) approach where we partner clients in setting goals, financial planning, educating on our investing process and share decision-enabling resources transparently with our clients who retain control on execution.

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

MoneyWorks4Me ensures this through:

Investing in stocks, mutual funds, debt, and gold
Quality-at-Reasonable-Price way of investing in stocks
Constructing Direct Stock Portfolios with Core, Booster, and Amplifier stocks
A Mutual Fund Portfolio that delivers consistent out-performance and meaningful diversification (low overlap)
Periodic review and rebalancing
Clear Buy-Sell-Hold, and Position-sizing frameworks

Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
Logo:
Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
Brand Logo:
SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045
Compliance officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com Telephone: +91 98609 19463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com Telephone: +91 91758 99463 Address: Same as IA
Standard Warning:	Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Disclaimer:	Registration granted by SEBI, enlistment with exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.