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 Standard & Poor’s cut the credit rating of the European Financial Stability Facility, the region’s bailout fund [see ETF Insider: Euro Woes Weigh On Earnings].
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Earnings season is officially underway and U.S. stocks have started off the ceremonies on a fairly strong note. Equity indexes broadly climbed higher as investors rejoiced over better-than-expected earnings results from Alcoa; the Nasdaq led the way higher on the home front, clinching gains of 0.97%, while the Dow Jones Industrial Average lagged behind, gaining [...]
Today left investors with little information to chew on going into the weekend. The past week has been dominated by European woes as well as speculation over the US. The Congress “Super Committee” has until Wednesday to pass and important budget deficit plan that will aim to trim $1.2 trillion. So far, it would seem that [...]
The bulls came rushing back last week and equity indexes soared, bolstered by solid corporate earnings at home coupled with encouraging developments in the Euro zone. Investors were more than cheerful to see EU leaders take the first steps towards negotiating on a viable “rescue plan” to ensure stability in the financially fragile currency bloc. [...]
Domestic equity indexes started the week off with fresh multi-month highs as investor optimism from last week carried over. Stock markets were quick to give up gains on Tuesday however, after disappointing corporate earnings results weighted down on investor confidence, while continuing Euro zone debt woes didn’t do much to remedy the situation. Wednesday proved [...]
Domestic equity equity indexes struggled near technical resistance levels all of last week, however, the bulls prevailed on Friday. The S&P 500 Index opened and closes every single day above the key resistance level at 1,200; quite a technical feat, given that it failed to break this this level three times in the past three [...]
American equity markets experienced another choppy session on Thursday as France and Germany announced that a second summit would take place next week, suggesting that a resolution to the crisis would not come this weekend. Nevertheless, both the Dow and the S&P 500 managed to rise modestly on the day as the indexes gained, respectively, [...]
American stocks slipped in Wednesday trading as disappointing earnings and more concerns over Europe plagued the markets once again. The Dow fell by about 0.6% on the day while the broader indexes saw more significant losses as the S&P 500 fell by 1.3% and the Nasdaq sank by 2% in the session. Banks were again [...]
American equity markets experienced another choppy session as traders stayed on the sidelines ahead of the fall earnings season which unofficially began after the bell with Alcoa’s report. The Dow finished the day lower by about 0.2% while the the broader indexes managed to hold on to the positives, gaining 0.05% for the S&P 500 [...]
In yet another session plagued by European doubts, American equity markets slumped in Wednesday’s trading as more worries over a Greek default hit markets. The Dow finished the session down about 1.6% while the broader indexes saw worse days as the S&P 500 and the Nasdaq fell by 2.1% and 2.2%, respectively. These heavy losses [...]
American stocks plunged in Thursday trading as fears over Europe and uncertainty over Bernanke’s speech plagued equities throughout the session. The Dow sank by 1.5% while the S&P 500 slumped by 1.6%, however, losses in the tech-heavy Nasdaq were even worse as that index fell by just under 2% on the day. The biggest losses seemed [...]
