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Last week, all eyes were on the Federal Reserve as Chairwoman Janet Yellen testified on the Semiannual Monetary Policy Report before the House and Senate. After Yellen stated that she expects a great deal of continuity in the Fed’s approach to monetary policy, the Dow snapped its four-day losing streak, rallying 193 points. In other economic news, retail sales and industrial production fell more than expected in January, while initial jobless claims came in at 339,000 versus the expected 331,000. U.S. The Thomson-Reuters/UoM consumer sentiment index, however, came in at 81.2, above the expectations of 80. [click to continue…]

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Wall Street marked its second-straight weekly decline, as investors continued to weigh the possibility of the Federal Reserve tapering its bond buying purchases in the near future. Last week, investors paid close attention to speeches by Federal Reserve bank presidents James Bullard and Richard Fisher, which indicated that tapering could begin as early as this month. On the economic front, U.S. initial jobless claims rose by 68,000 to 368,000 in the latest week; analysts had expected the figure to come in at 328,000. The Labor Department also reported that the producer-price index fell 0.1% in November. [click to continue…]

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U.S. equities slipped into red territory for most of last week, as investors weighed the latest economic reports against the prospect of the Fed tapering its bond purchases soon. U.S. factory orders declined 0.1%, while ISM non-manufacturing PMI rose to 55.4 from 54.4 in October. U.S. GDP for the third quarter was reported to grow 2.8%, […]

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Investors were finally able to focus on Wall Street last week, after Senate leaders managed to reach a last minute deal on Wednesday to reopen the government and suspend the debt ceiling. On the earnings front, Goldman Sachs (GS) reported disappointing Q3 results, missing revenue estimates, while JP Morgan (JPM) reported a loss in the third […]

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Wall Street saw U.S. equities rallying to all-time highs last week, after the Federal Reserve announced that it would not begin tapering its bond purchases. Following the FOMC meeting, the Fed stated that “The tightening of financial conditions observed in recent months, if sustained, could slow the pace of improvement in the economy and labor market. The [Fed] […]

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Over the past few years, the world economy has undeniably struggled against significant headwinds after the unprecedented financial crisis rocked the markets in 2008. But while the U.S. has seemingly stayed on track to economic recovery, the eurozone has struggled to overcome its debt burdens. Until recently, most investors have remained understandably bearish on the […]

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Wall Street was in for yet another round of lackluster trading sessions last week, as investor concerns over a pullback and looming Fed taper fears weighed heavily on U.S. equities. In economic news, initial jobless claims fell for the week, while the Federal Reserve Bank of New York’s Empire State Manufacturing Survey showed a sharp improvement […]

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U.S. equity benchmarks opened in green territory yesterday only to make way for profit-taking during the day and close out the session with mixed results thanks to choppy trading. The main culprits behind the back-and-forth price action were hesitant traders looking to position themselves ahead of Friday’s monthly employment report; May’s labor data will likely […]

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U.S. equity markets started off with a bang last week, with both the Nasdaq and S&P 500 indexes pushing into uncharted territory. Several disappointing earnings and economics report managed to curb momentum on Wednesday, though equity markets bounced right back after encouraging labor data and a rate cut by the European Central Bank sent stocks […]

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It was a tug-of-war between the bulls and the bears on Wall Street last week, as investors digested the slew of mixed economic and earnings reports. Gold dominated the headlines earlier in the week after the precious metal tumbled over 9% last Monday to mark its biggest one-day percentage drop in 30 years. Meanwhile, disappointing reports from China weighed […]

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To put it mildly, European stocks have had a rough couple of years, as the eurozone sovereign-debt crisis continues to plague the continent. And with many economies in the eurozone continuing to teeter on the edge of default (or forced bailouts), investors around the globe have remained understandably leery of any investments made within the shaky […]

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Data Heavy Week Could Spur Volatility

by on April 1, 2013

U.S. equity indexes extended their gains last week as Cyprus bailout woes took a backseat and buying pressures returned on Friday after a brief profit taking period. With the S&P 500 now sitting on 5-year highs, bears are once again lurking and will surely look to take profits at the first sign of pessimistic news […]

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