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Macroeconomic Variables and Stock Market: US Review

Author(s): Martin Sirucek

Journal: International Journal of Computer Science and Management Studies
ISSN 2231-5268

Volume: 12;
Issue: 03;
Start page: 01;
Date: 2012;
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Keywords: Macroeconomic factors | correlation | co-integration

This focus of this paper are the effect, implication, impact andrealtionship between selected macroeconomic variables andwider US indices S&P 500 and industrial Dow Jones IndustrialAverage (DJIA). I Consider inflation, interest rates, moneysupply, producer price index, industrial production index, oilprice and unemployment and their impact on selected stockindices in the USA between 1999 and 2012. The hypotesis of thispaper is, that between selected macroeconomic variables, namelyproducer price index, industrial production index, oil price andDow Jones index is strongly relationship than between thesefactors and S&P 500. The paper is organizing as follows. Firstsection reviews the related literature. In section two are materialsand methods which are use explained. Section 3 provides theempirical results and the last part presents the conclusions.
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