The bears strolled through Wall Street yet again as looming uncertainties coupled with fresh worries from the latest Fed minutes paved the way lower for major equity benchmarks. On Wall Street, the Nasdaq led the way lower, shedding 0.68% on the day, while the Dow Jones Industrial Average held its ground best, losing just 0.26% as the closing bell rang. Gold and oil followed stocks lower for another session; futures prices for these two commodities settled near $1,540 an ounce and $92.60 a barrel respectively as the trading session drew to a close [see also 3 ETFs For A Euro Zone Double-Dip].
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Today’s session was no barn-burner by any means, but at least we got to see major benchmarks finish in positive territory and snap a six day losing streak. The Dow squeezed out gains of 20 points while the S&P 500 jumped by about 0.3%. Markets were lifted upwards by better than expected jobless claims on [...]
Equity markets took cues from overseas today as Greek elections stole the headlines, forcing investors to brush aside a pair of encouraging economic data releases on the home front. Profit taking pressures took hold of the market right from the opening bell, although major indexes did manage to regain a lot of lost ground by the end of the [...]
Today saw a conflicting swirl of data that ultimately brought markets down. April retail results came in lower than expected as many blamed the cooler than average temperatures for warding off shoppers and consumers willing to open their wallets. The disappointing results came from Target, Costco, and Macy’s among several other names. General Motors, though [...]
Equity markets opened in red territory on Wednesday morning as investors expressed their concerns over the latest economic data releases, which included ADP employment and factory orders data. On the home front, the S&P 500 lagged behind, shedding 0.25% on the day, while the Nasdaq pulled ahead, managing to clinch a 0.31% gain during an [...]
Equity markets rallied on Tuesday as investors rejoiced over encouraging manufacturing data on the home front. Major indexes started off the day with a bang and climbed higher throughout the session, only to give into a wave of profit-taking in the final hour of trading before the closing bell. On Wall Street, the S&P 500 [...]
Despite Friday’s relatively large miss in GDP, stocks were able to post a week in the black as strong earnings helped major indexes make a run higher. Unfortunately, it seems that we are still at the mercy of Europe as any news about Spanish debts will rock markets. The coming week features the tail end [...]
Friday’s trading session saw stock uphold their bullish momentum despite a rather substantial miss in GDP. U.S. GDP for the first quarter of the year came in at 2.2, down from the anticipated 2.5. While this news would typically hammer markets, positive earnings kept the bull run alive and overshadowed this miss. The Dow closed [...]
Wall Street enjoyed its third consecutive win despite a mixed bag of earnings on the day. The most notable report from today was from Exxon Mobil (XOM) who’s profit was 11% off of original targets, prompting the stock to dip during the day. Traders also cheered on better-than-expected housing data, a rare win considering the [...]
Markets were able to finish the week out with mild gains as strong earnings from General Electric and McDonald’s gave a much needed push to equities. The Dow jumped by 65 points while the S&P 500 gained a meager 0.1% as a late day sell-off put early gains in check. All in all, this was [...]
Stocks finished the day off relatively flat as the S&P 500 posted its worst week of the year, granted markets are closed tomorrow in observance of Good Friday. After shying away for several weeks, European fears heated up again on the day as investors worry over the mounting debts and solvency of varying regions of [...]
