Stock markets kicked off the week on a fairly dismal note as Euro zone woes resurfaced over the weekend. On the home front, the Dow Jones Industrial Average and Nasdaq both lost 0.13% on the day, while the S&P 500 clawed its way back up, shedding just 0.04% as the trading session drew to a close. Rising tension overseas spilled over into the currency markets, pushing the U.S. dollar higher; likewise, gold prices encountered selling pressures and futures contracts for the precious metal lost about 1% on the day, closing near $1,720 an ounce [see also Thoughts On The New Gold Miners ETF].
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Stocks endured yet another bumpy trading session as indexes oscillated between gains and losses for most of the day thanks to mixed economic developments. On the home front, Exxon Mobil posted strong quarterly earnings, although lackluster home prices data overshadowed the energy giant’s profits. The Nasdaq proved to be most resilient, gaining 0.07% on the [...]
The past few weeks have seen a nice rally to start off the new year. With a number of encouraging earnings and data reports, stocks have been on a tear, with the S&P hitting 1,300 for the first time in several months. But last Friday’s GDP report, though representing strong growth, may have adverse effects [...]
Today saw markets finish off relatively flat as traders mulled over the news of the most recent GDP results. While last quarter saw one of the biggest economic expansions in over a year, it failed to meet expectations, creating an environment of mixed emotions on the Street. Today watched both the euro and gold make [...]
Today marks the end of a major earnings week with stocks managing to finish out the day relatively flat. The S&P 500 finished up by less than a point, while the Dow tacked on 96 points for the session. Today’s flat finish means that the S&P will close out a week above 1,300 for the [...]
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 [...]
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 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 [...]
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 [...]
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 [...]
