SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

US markets end sharply lower on profit taking

11 Jun 2016 Evaluate
US markets extended their losses on Friday with the major averages pulled back further off Wednesday’s highs. Profit taking mainly contributed to the weakness on Wall Street, while a drop in global bond yields also weighed on the markets, as sovereign debt yields from Japan to Germany hit record lows, reflecting trepidation ahead of next week's Federal Reserve meeting as well as Britain's referendum later this month on whether to stay in the European Union.

On the economic front, the University of Michigan released a report showing a modest drop in consumer sentiment in the month of June. The report said the preliminary reading on the consumer sentiment index for June edged down to 94.3 compared to the final May reading of 94.7. Economists had expected the index to dip to 94.0. The modest decrease by the consumer sentiment index came after it reached its highest level since June of 2015 last month.

The Dow Jones Industrial Average declined by119.85 points or 0.67 percent to 17,865.34, the Nasdaq tumbled 64.07 points or 1.29 percent to 4,894.55 and the S&P 500 ended lower by 19.41 points or 0.92 percent to 2,096.07.

Indian ADRs ended mostly in red, HDFC Bank was down by 0.85%, ICICI bank was down by 0.27%, Tata Motors was down by 1.05% and Infy ended lower by 0.15%.

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:

×