SEBI Reg. Investment Advisor

Download App
Help Center Pricing
Money Works 4 Me Logo MoneyWorks4Me
Login Get Free Account
Sign Up

MoneyWorks4Me

Log In Sign Up Schedule Free 15‑min Call
Login Get Free Account
Sign Up
  1. Home
  2. Stock Market News
  3. US markets snap two day losing streak

US markets snap two day losing streak

08 Jun 2017 Evaluate

The US markets closed higher on Wednesday, halting two days losses ahead of potentially market moving events on Thursday, including the UK election and former FBI director James Comey Senate testimony. Meanwhile, the OECD forecast showed that the global economy is on course this year for its fastest growth in six years as a rebound in trade helps offset a weaker outlook in the United States. The Paris-based Organisation for Economic Cooperation and Development said the global economy is set to grow 3.5 percent this year before nudging up to 3.6 percent in 2018, updating its forecasts in its latest Economic Outlook. The OECD forecast US growth of 2.1 percent this year and 2.4 percent next year, down from estimates in March of 2.4 percent and 2.8 percent, respectively. The OECD also saw a potential for ‘swift snap-back’ in US long-term interest rates when the Federal Reserve decides to reduce the size of its balance sheet, especially if it comes at a time of rising policy rates.

On the economy front, consumer borrowing decelerated in April to the smallest increase in almost six years, suggesting an expected rebound in spending in the second quarter may not be as robust as hoped. Total consumer credit rose $8.2 billion in April to a seasonally adjusted $3.82 trillion, posting an annual growth rate of 2.6%. This is down from a revised $19.5 billion gain in March. The April increase was also well below economist estimates for a $17 billion gain in consumer credit, and is the slowest monthly growth rate since August 2011. Revolving credit, which is mostly made up of credit card loans, increased at an annual rate of 1.8% in April, compared with a rise of 6.5% in March. Consumer spending, which accounts for two-thirds of U.S. economic growth, rose at a 0.6% annual rate in the first quarter, down from fourth-quarter growth of 3.5%.

The Dow Jones Industrial Average added 37.46 points or 0.18 percent to 21,173.69, Nasdaq was up 22.32 points or 0.36 percent to 6,297.38, while S&P 500 edged higher by 3.81 points or 0.16 percent to 2,433.14.


Register Now to get our Free Newsletter & much more!
2026 ©The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me® is a registered trademark of The Alchemists Ark Pvt. Ltd.

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:

×