Domestic equity markets got off to an encouraging start, only to give into profit-taking pressures in the final hours of trading. Major indexes ended up in red territory as escalating worries that Greece would exit the euro weighted on investors’ confidence. On Wall Street, the S&P 500 Index came out on top, clinching a gain of 0.05% on the day, while the Nasdaq settled in red territory, shedding 0.29% on the day. Gold and oil finished lower as well; futures prices for these commodities settled near $1,565 an ounce and $91.40 a barrel respectively [see also 3 ETF Trading Tips You Are Missing].
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Investors came back in a buying mood after the weekend following last week’s absolutely dismal performance on Wall Street. Major equity indexes managed to snap out of their losing streaks to kick-off the week; the Nasdaq soared ahead, gaining an impressive 2.46% on the day, while the Dow Jones Industrial Average lagged behind, clinching a [...]
Today saw markets turn south as investors continue to lose confidence in general markets. The biggest story on the day was the relatively lackluster performance from Facebook (FB), as the social networking giant made its IPO. While a number of tech IPOs over the last few months have opened with stellar gains, FB finished the [...]
Today was another dismal trading day with markets selling off viciously as the session came to a close. The Dow lobbed off 156 points and the S&P 500 sank by about 1.5%. That marks 11 losing days out of the last 12 for the Dow. Benchmarks were extremely skittish today as it seems more and [...]
The bears strolled through Wall Street yet again as looming uncertainties coupled with fresh worries from the latest Fed minutes paved the way lower for major equity benchmarks. On Wall Street, the Nasdaq led the way lower, shedding 0.68% on the day, while the Dow Jones Industrial Average held its ground best, losing just 0.26% as the [...]
Greek drama is the name of the game. Selling forces prevailed for yet another day on Wall Street as uncertainty climbed following the latest decision to host another round of elections in Greece. On the home front, the S&P 500 Index led the way lower, sinking by 0.57% on the day, while the Nasdaq proved [...]
Stocks on Wall Street extended their losing streak from last week as the ongoing political gridlock in Greece continues to weigh down on investors’ confidence. On the home front, profit taking pressures hit the S&P 500 Index the hardest, dragging it down by 1.11% on the day, while the Dow Jones Industrial Average fared slightly [...]
Markets were on a wild ride today as a number of conflicting data points pushed and pulled major equities in either direction. Eventually, the bears took over and most major benchmarks ended the week down, capping off another losing week on the street. The Dow lost 34 points and the S&P 500 surrendered 0.34% in today’s trading while the [...]
Today’s session was no barn-burner by any means, but at least we got to see major benchmarks finish in positive territory and snap a six day losing streak. The Dow squeezed out gains of 20 points while the S&P 500 jumped by about 0.3%. Markets were lifted upwards by better than expected jobless claims on [...]
The sell-off on Wall Street persisted for another today as ongoing political uncertainty in Greece continues to plague investors’ confidence. At home, major equity indexes tumbled lower across the board as profit taking pressures hit hard right from the opening bell; the Dow Jones Industrial Average was the worst performer on Wall Street, shedding 0.75% [...]
Equity markets took cues from overseas today as Greek elections stole the headlines, forcing investors to brush aside a pair of encouraging economic data releases on the home front. Profit taking pressures took hold of the market right from the opening bell, although major indexes did manage to regain a lot of lost ground by the end of the [...]
