Macroeconomic variables and stock market: US review

This focus of this paper are the effect, implication, impact and realtionship between selected macroeconomic variables and wider US indices S&P 500 and industrial Dow Jones Industrial Average (DJIA). Considered are inflation, interest rates, money supply, producer price index, industrial production index, oil price and unemployment and their impact on selected stock indices in the USA between 1999 and 2012. The hypotesis of this paper is, that between selected macroeconomic variables, namely producer price index, industrial production index, oil price and Dow Jones index is strongly relationship than between these factors and S&P 500. The paper is organising as follows. First section reviews the related literature. In section two are materials and methods which are use explained. Section 3 provides the empirical results and the last part presents the conslusions