Bullish momentum extended into Wednesday as investors rejoiced over encouraging earnings and economic data on the home front. The Nasdaq led the way higher, soaring 1.53% on the day, while the Dow Jones Industrial Average lagged behind, clinching a gain of 0.78%. Investors focused on better-than-expected quarterly results from Goldman Sachs, while Citigroup’s earnings miss received little to no attention on Wall Street. Gold continues to edge higher amidst earnings season euphoria, and futures prices for the precious yellow metal settled near $1,660 an ounce as the trading session drew to a close.
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Tuesday was filled with all sorts of good, bad, and ugly news. At home, investors digested a solid earnings report from Wells Fargo, although Citigroup’s quarterly performance came in below expectations, painting a gloomier outlook for the financials sector as a whole. News from overseas was mixed as well; China posted better-than-expected GDP results while [...]
Friday the 13th reared its unlucky head on markets today as equities took a bit hit on some major events. Despite all of the bad news that plagued markets, equities were able to resist a major sell-off that would be expected given the severity of today’s headlines. The Dow lost about 50 points while the [...]
The tug of war between domestic economic data releases and developments overseas in the debt burdened currency bloc continues. Stocks fluctuated between minor gains and losses on Thursday as investors digested worse-than-expected employment data at home, along with an encouraging debt auction on the other side of the Atlantic. The Nasdaq led the way higher, [...]
The bullish stampede on Wall Street came to a halt today as investors were torn between upbeat economic conditions at home and looming debt woes in the Euro zone. On the home front, the Nasdaq led the way higher with gains of 0.31% on the day, while the Dow Jones Industrial Average slipped into negative [...]
Earnings season is officially underway and U.S. stocks have started off the ceremonies on a fairly strong note. Equity indexes broadly climbed higher as investors rejoiced over better-than-expected earnings results from Alcoa; the Nasdaq led the way higher on the home front, clinching gains of 0.97%, while the Dow Jones Industrial Average lagged behind, gaining [...]
Stocks started off the week on a shaky foot, fluctuating between minor gains and losses in early trading, although optimism prevailed as the trading session drew to a close and indexes clinched gains. The Dow Jones Industrial Average posted a solid 0.26% gain on the day, while the Nasdaq lagged behind in green territory with [...]
Stocks opened up the day with surprising losses given the positive jobs report that hit in the wee hours of the morning. The Dow surrendered 56 points while the S&P 500 lost 0.3%. Both oil and gold finished out relatively flat while the Nasdaq was one of the few winners among major benchmarks. One of [...]
Thursday was a mixed day for the markets as bearish pressures in the morning were overturned thanks to positive employment data on the home front. The Nasdaq led the way higher, clinching gains of 0.81% on the day, while the Dow Jones Industrial Average lagged behind in red territory, shedding 0.02%. Gold continued its ascent [...]
Equity markets endured a rocky day of trading as mixed economic data paved the way for profit-taking and relatively light-volume price action. The Dow Jones Industrial Average proved most resilient, gaining 0.17% on the day, while the Nasdaq lagged behind, slipping into negative territory and closing down 0.01%. Conglomerates and industrial goods stocks led the [...]
Equity markets started off the new year in bright green territory as indexes across the board soared higher, bolstered by returning bulls from holiday break. The Nasdaq led the way higher, clinching gains of 1.67% on the day, while the Dow Jones Industrial Average lagged behind, gaining 1.47%. Basic materials stocks surged ahead alongside financials [...]
