In US data, consumer spending in August rose more than expected, adding to the case for an interest rate increase this year.
Federal Reserve chair Janet Yellen said last week she expects rates to be raised this year. New York Federal Reserve President William Dudley on Monday added to the expectations of an early rate increase, suggesting the central bank could pull the trigger as soon as in October.
Several other Federal Reserve officials are scheduled to speak during the week, including Yellen on Wednesday.
The Fed held off from raising rates at its September meeting, citing concerns about the health of the global economy among other factors.
“(The Fed) is concerned that the decelerations of global GDP will have a significantly higher effect on the US than the markets are pricing,” said Omar Aguilar, chief investment officer of equities at Charles Schwab Investment Management in San Francisco.
Facebook Inc (NASDAQ:FB) declined -3.59% and is at $89.43 in the Real-Time trading session. Its overall volume is 20.65 million shares right now, and average trading volume of 33.08 million. The stock is ranging from $88.93 to $92.29, and is market capitalization right now is $261.56 billion. The beta value for this stock stands at 0.76 points. The stock has a P/E ratio of 93.89.
QUALCOMM, Inc. (NASDAQ:QCOM) moved -0.64% down right now and is at $52.87. Stock is trading in the real-time trading session with the total volume of 4.98 million shares, as compared to its average volume of 13.34 million shares. The 52-week range of the share price is from $52.39 – $78.53. The beta value for this stock stands at 1.27 points, while its earnings per share(EPS) was $3.64. The company has total market capitalization of $83.78 billion and a total of 1.57 billion outstanding shares.
Texas Instruments Incorporated (NASDAQ:TXN) is trading at $47.16, losing -0.02%. Trading volume recorded for this company is about 3.92 million shares as compared to its average volume of 8.77 million shares. The share price plunged almost -1.63% in the last one month while its 52 week high is $59.99. The company has the total of 1.03 billion outstanding shares right now, while its market capitalization is about $48.50 billion. The stock has a P/E ratio of 16.96.