Stocks oscillated between positive and negative territory on Thursday as investors reacted to mixed economic data. Despite the early morning rally, investors gave into selling pressures following a number of disappoint earnings reports; AT&T and SanDisk both missed analyst expectations, tipping the tech sector lower for the day. Bearish sentiment was rekindled after the latest new home sales report came in worse-than-expected; analysts had predicted 325,000 new sales for the month of December, however, the figure came in at 307,000, which was also below the previous reading of 314,000. Gold continued its winning streak and futures prices for the precious yellow metal settled near $1,720 an ounce for the day.
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As we dive further into earnings season, investors will do their best to focus on relatively strong U.S. data, as opposed to decisions by the Fed, the Greek debt crisis, and other factors hindering the recovery. On Tuesday, investors saw Apple (AAPL) crush market estimates with their quarterly earnings. The shares soared the most in [...]
Stellar earnings from Apple and a pledge from the Fed to keep interest rates low until 2014 were enough to spark a broad-based rally on Wall Street today. Euphoria from Apple’s impressive quarterly results carried the tech sector higher and the Nasdaq led the way, clinching gains of 1.14% on the day. The Dow Jones [...]
Stocks are on a roll. Equity indexes climbed higher for a third day this week as bullish momentum kept the winning streak alive on Wall Street. Investors were cheerful to see Bank of America swing a fourth-quarter profit, although Morgan Stanley on the other hand missed estimates. Nonetheless, optimism prevailed thanks to encouraging data from [...]
The tug of war between the bulls and bears continues on Wall Street as investors digested yet another plateful of mixed earnings results coupled with encouraging economic data. The Nasdaq remains at the front of the pack for the week, gaining 0.67% on the day, while the Dow Jones Industrial Average lagged behind, clinching gains [...]
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 [...]
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 [...]
Equity indexes tacked on minor gains as back-and-forth trading prevailed throughout most of Thursday. Investors on Wall Street shrugged off worse-than-expected jobless claims data on the home front as encouraging debt auction news from overseas stole the spotlight. Euro zone woes cooled off as investors rejoiced over the successful bond auction of Spanish and Italian [...]
The year 2011 is without a doubt going down in the books as one of the most tumultuous periods in recent financial history, with everything from natural disasters to looming debt drama sparking waves of uncertainty throughout the year. Despite its safe haven reputation, even gold fell victim to volatile trading; the precious metal has [...]
Equity markets posted mixed results on Thursday as earnings worries in the morning translated into selling pressures on Wall Street, although euphoria returned to the markets after a better-than-expected employment report. The Nasdaq led the way higher in green territory on the home front, while stocks overseas faced headwinds as European banks came under pressure [...]
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 [...]
