Stocks staged an impressive rally on Wall Street yesterday as optimism bolstered indexes higher following encouraging economic data releases. The latest ISM figure painted a bullish picture as manufacturing data, which is considered to be a leading indicator, came in stronger-than-expected; growth among U.S. manufacturers increased as the ISM came in at 54.8% for April, beating expectations of 53.3% as well as last month’s reading of 53.4% [see Free Report: How To Pick The Right ETF Every Time].
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Stocks got off on the wrong foot this week as it was announced that the Spanish economy had entered another recession on top of their already threatening debt crisis. While investors would like to focus on the generally positive earnings on the home front, any news about Spanish debts will trump all else in the [...]
Despite Friday’s relatively large miss in GDP, stocks were able to post a week in the black as strong earnings helped major indexes make a run higher. Unfortunately, it seems that we are still at the mercy of Europe as any news about Spanish debts will rock markets. The coming week features the tail end [...]
Equity markets turned higher on Thursday as an upbeat housing report helped to restore investors’ confidence and continue the bull-run from earlier in the week. Major equity indexes finished in green territory, with the Dow Jones Industrial Average leading the way, as investors digested better-than-expected pending home sales data; the figure came in at 4.1% [...]
Markets opened higher yesterday as strong earnings from Apple (AAPL) and others brought some much needed momentum to major benchmarks. While most investors are hoping for bad news in the euro-zone to subside, that may not be realistic. It seems that Spain may be the next Greece and any developments in the debts of those [...]
Stocks bounced all over the place yesterday as dismal housing data kept a lid on optimism. Major equity indexes managed to hold onto modest gains as the closing bell rang, except for the Nasdaq; shares of Apple shed another 2% on the day as pre-earnings jitters dragged down the entire tech sector [see also High-Tech [...]
After a choppy week of trading, markets stumbled out of the gate yesterday, as more European fears and sour earnings led to a massive sell-off. After one of the strongest opening quarters in 14 years, investors are beginning to doubt the strength of stocks and many are pricing in a pullback similar to the ones [...]
Stocks struggled to recoup losses from the previous sessions on Thursday as worse-than-expected economic data releases overshadowed earnings season, including an upbeat report from Ebay. Investors fretted over the latest labor market data as 386,000 people filed for unemployment benefits over the past week, versus analyst estimates of 374,000. Data from the housing market was [...]
Earnings season is well underway and for the most part, the results have been positive. Of the S&P 500 companies that have reported, nearly 75% have beat or met their analyst expectations. Tuesday saw markets cheer on good news regarding Spanish debts, as major benchmarks had one of their best days of the year. But [...]
Bullish momentum quickly returned to Wall Street following Monday’s rampant sell-off. Stocks broadly marched higher on Tuesday as investors were pleased to hear that the International Monetary Fund (IMF) had raised its global growth forecast. The IMF expects for global economic growth in 2012 to come in at 3.5%, a modest improvement from the previous [...]
Earnings got off to a rocky start this week as Citigroup missed analyst expectations, casting doubt on what will be a busy end to the week as dozens of blue chip firms will report earnings. Investors are looking to earnings season to revamp the bull run that has faltered in recent weeks, as less-than-encouraging data [...]
