The rough start to the week had a number worried over the fate of Q2, but the past two days have seen the bull train get back on track, as investors have cheered on positive data and earnings releases. Today saw Google beat estimates after the bell as well as announce an essential stock split, as they will be offering a new, non-voting share class; shares rose more than 6% in after hours trading. The Dow finished off the day with a jump of 180 points, while the S&P 500 tacked on 1.4% in one of the best sessions in recent memory [see also Defensive Equity ETFs For Earnings Season]. [click to continue…]
Equity markets regained their footing on Wednesday as bargain buyers swooped in following yesterday’s dismal sell-off. Stocks marched higher thanks to better-than-expected earnings from Alcoa coupled with upbeat commentary from the latest Fed Beige Book report. The Nasdaq led the way higher on the home front, gaining 0.84% on the day, while the Dow Jones [...]
Stocks sank into negative territory right from the opening bell on Tuesday as pre-earnings jitters and lingering Euro zone debt woes helped bring back the bears on Wall Street. Selling pressures accelerated throughout the morning and every sector on the home front finished on a sour note as the trading session drew to a close. [...]
Equity indexes tumbled lower across the board as selling pressures spilled over from last week. Investors expressed their concerns over last Friday’s employment report, which came in worse-than-expected, despite the fact that Wall Street was on break in observance of Good Friday. On the home front, the S&P 500 Index led the way lower, shedding [...]
Stocks finished the day off relatively flat as the S&P 500 posted its worst week of the year, granted markets are closed tomorrow in observance of Good Friday. After shying away for several weeks, European fears heated up again on the day as investors worry over the mounting debts and solvency of varying regions of [...]
Stocks extended their losses from yesterday as the bears stuck around on Wall Street. Selling pressures carried over as investors were quite displeased to hear from the FOMC on Tuesday that additional stimulus measures would be unlikely at this time. Profit taking continued as investors dialed back their risk appetites even further; the Nasdaq led the way [...]
Bearish pressures took hold of Wall Street on Tuesday as investors broadly pulled the sell trigger following the latest FOMC meeting. The Fed minutes revealed that central bank members “generally agreed that the economic outlook, while a bit stronger overall, was broadly similar to that at the time of their January meeting”. Equity markets were [...]
The final trading session of the quarter saw major equity benchmarks leap forward, closing out the week on a high note. “Friday’s gains capped a stellar three months for stocks, with the Dow and S&P posting the biggest first-quarter gain since 1998. Despite Friday’s decline, the Nasdaq had its best first quarter since 1991, according [...]
After charging forward on Monday, stocks have been turning in sour performances, as it seems that there is no positive news to keep investors upbeat enough to buy. While the end of today’s session saw a fair amount of buying activity, it was likely due to major indexes sinking nearly 1% intraday, before they rose [...]
Bearish pressures prevailed on Wednesday as major equity indexes on Wall Street fell victim to profit taking after a less-than-stellar durable goods data release. The Dow Jones Industrial Average led the way lower for a second trading session in a row, shedding 0.54% on the day, while Nasdaq and S&P 500 tied, each losing 0.49% [...]
Domestic equities gave up gains from Monday’s steep rally today as disappointing economic data sparked concerns and profit taking pressures followed. Selling pressures accelerated towards the end of the trading session and major equity indexes finished the day in red territory. The Nasdaq proved most resilient, shedding 0.07% on the day, while the Dow Jones Industrial Average [...]
