Equity markets around the globe plunged lower as ongoing Euro zone debt woes continue to weigh down on investor’s confidence, while resurfacing deficit drama in the U.S. only added to the growing cloud of uncertainty. The Dow Jones Industrial Average led the way lower, plunging 2.11% on the day, while the S&P 500 was the most resilient of the domestic equity indexes, shedding 1.87%. Profit taking was abundant across every corner of the market and even gold failed to take on safe haven appeal. Futures prices for the precious yellow metal broke below the $1,700 level, settling near $1,680 an ounce as the trading session drew to a close.
[click to continue…]
American equity markets were crushed in Thursday’s trading session as fears of a double-dip recession hit the market hard. The Dow finished the day down just over 3.5% while the broader indexes managed to post slightly better days, losing 3.3% for the Nasdaq and 3.2% for the S&P 500. Obviously, losses were pretty bad all [...]
Job creation–or the lack thereof–has taken center stage throughout much of the developed world, emerging as one of the most substantial hurdles to economic growth and potential catalysts of a double dip recession. The jobs situation in the U.S. is shaping up to be the central issue in the next presidential election, sticking out as [...]
Markets ended a four week losing streak as Bernanke’s speech at Jackson Hole, Wyoming calmed investor fears and sent many rushing into equities. Although the Chairman didn’t announce further easing measures, he did note that the FOMC would consider all the options at a two day meeting of the board in September. Thanks to hopes [...]
American markets were rangebound for much of the day until shortly before the close when Moody’s downgraded Ireland to ‘junk‘ sending equities plunging to finish Tuesday trading. The Dow and the Nasdaq led on the downside as the DJIA fell by 0.5% and the Nasdaq sank by 0.7% while the broader S&P 500 managed to [...]
American stock markets slumped again in Friday trading, marking the sixth straight week of losses for the Dow, the longest weekly streak in nine years. The 30 stock benchmark finished the day down 172 points while the broader indexes suffered similar losses as well, as the S&P 500 fell by 1.4% and the Nasdaq slid [...]
Stock markets carried their momentum from Wednesday trading into today’s session as all of the major benchmarks managed to finish in the green once again, thanks to strength from the tech sector. The Dow gained just 0.1%, and was largely outshadowed by the 0.4% gain in the S&P 500 and the 0.8% jump in the tech-heavy Nasdaq [...]
U.S. equity markets sank across the board as fears over the Euro zone and debt in Spain and Italy led to a broad sell off. The Dow finished the day down 131 points while the S&P 500 and the Nasdaq slumped by 1.2% and 1.6%, respectively, as a 3.2% loss from tech giant Oracle pushed [...]
U.S. equities were fairly flat on Wednesday but managed to post a respectable gain for the day after lunchtime following the FOMC meeting. Fed officials were divided on when and just how aggressively to start tightening monetary policy, nonetheless the FOMC was unanimous in its decision to complete its $600 billion bond-buying program in June [...]
U.S. equity markets stormed back in Wednesday trading, reclaiming much of the ground lost in a massive sell-off sparked by S&P’s negative outlook for the U.S. earlier in the week. All major indexes finished sharply higher, with the S&P 500 gaining 1.4% and the tech-heavy NASDAQ climbing by 2.1%. The NASDAQ should start Thursday trading [...]
U.S. equity markets managed to bounce back after Tuesday’s slide, with most major indexes finishing in positive territory as strength in the technology and some basic material names helped to carry equities higher. The Dow rose by a modest seven points while the S&P 500 finished flat and the Nasdaq led the way, posting a [...]
