Equities started the day in green territory and gave into selling pressures throughout the day as investors digested less-than-stellar economic and earnings reports. The S&P 500 sat at the bottom of the barrel, clinching a 0.58% loss on the day, while the Dow Jones Industrial Average proved to be most resilient, finishing with a minor 0.18% loss. Gold extended its rally from yesterday as investors were prompted to reallocate assets to safer corners of the market amidst the disappointing data releases. Futures prices for the precious yellow metal settled near $1,720 an ounce as the trading session drew to a close.
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The bulls took charge on Wall Street last week as investors reacted positively after a number of encouraging economic data releases. Home builders confidence and existing sales continue to point towards signs of a recovery in the battered down U.S. housing market. Better-than-expected jobless claims also helped restore confidence in the domestic economic recovery. Earnings [...]
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 [...]
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 [...]
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 [...]
Bullish momentum propelled stocks higher last week, although the French credit downgrade drama on Friday was enough to rekindle Euro zone woes and spark a broad-based sell-off before the weekend. Standard & Poor’s credit downgrade of France and Austria sparked volatile trading to start the week across European and Asian markets; investors on Wall Street [...]
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 [...]
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 [...]
Domestic equity markets staged a solid comeback today following yesterday’s dismal sell-off. Better-than-expected housing market data bolstered markets higher on the second to last trading day of the year; the Dow Jones Industrial Average led the way higher, gaining 1.12% on the day, while the Nasdaq lagged behind, posting gains 0.90%. Upbeat economic data on [...]
Investors rejoiced as Tuesday turned out to be a massive day for most asset classes. The Dow racked up an impressive 340 point gain while the S&P jumped by nearly 3%. 10 year bond prices saw a stellar jump of nearly 6.2% on euro hopes as well as better than expected housing starts, bringing markets [...]
Selling pressures tipped the market south right from the opening bell as ongoing Euro zone woes made way for the bears on Wall Street. Investors’ sentiment declined as worries overseas intensified after ECB President Mario Draghi put a damper on hopes that the central bank would extend its bond purchasing program to help out the [...]
