Profit taking pressures continue to sweep over global markets as investors expressed their concerns over the latest developments in the debt burdened currency bloc. Greece will host another round of elections in an effort to form a ruling coalition, although the bigger question at hand is whether or not the nation will keep its spot in the Euro zone. Amidst the looming uncertainty, major equity indexes on Wall Street closed in red territory for another session, while gold futures plunged over 1% on the day, settling just below $1,545 an ounce [see also Have Gold ETFs Lost Their Luster?]
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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 [...]
Investors got an unfriendly reminder of the looming Euro zone debt woes last week as resurfacing fears surrounding rising yields on Spanish government bonds paved the way for profit taking across the board. Earnings season at home remains a “mixed bag” judging by Wall Street’s movement last week, although surprises have been predominantly upbeat. As [...]
Equity markets turned south on Wednesday as lackluster earnings on the home front paved the way for profit taking pressures. With no economic data releases to overshadow earnings, major indexes oscillated in red territory throughout most of the trading session, broadly finishing the day lower. On Wall Street, the Dow Jones Industrial Average was the [...]
Equity markets regained their footing on Wednesday as bargain buyers swooped in following yesterday’s dismal sell-off. Stocks marched higher thanks to better-than-expected earnings from Alcoa coupled with upbeat commentary from the latest Fed Beige Book report. The Nasdaq led the way higher on the home front, gaining 0.84% on the day, while the Dow Jones [...]
Stocks sank into negative territory right from the opening bell on Tuesday as pre-earnings jitters and lingering Euro zone debt woes helped bring back the bears on Wall Street. Selling pressures accelerated throughout the morning and every sector on the home front finished on a sour note as the trading session drew to a close. [...]
Profit taking pressures swept over Wall Street this past week as the bulls retreated following the latest FOMC meeting. Investors started to scale back on their risk exposure early in the week after the Fed made no hints of an upcoming round of stimulus; with no mention of QE3, investors gave into broad-based selling pressures, [...]
Equity indexes on Wall Street oscillated between gains and losses throughout the majority of the trading week as slightly disappointing economic data releases were enough to encourage broad-based profit taking. Investors were displeased with a slow down in durable goods orders, although better-than-expected consumer sentiment on Friday helped to restore confidence. This week will see a host [...]
Stock markets retreated last week as sparse economic data releases paved the way for profit taking. This week will see a host of important fundamental news on the home front as investors digest durable goods orders, GDP, and consumer spending data. Markets are off to a hot start as Ben Bernanke’s speech on Monday morning lifted hopes [...]
Equity markets continued their trek higher last week as encouraging economic data is a key driver of price action now that Euro zone woes have finally taken a backseat. In light of the positive fundamental improvements on the home front, this week is looking to be fairly uneventful in terms of major data releases aside [...]
Last week saw equities continue their surge, as the Dow made a case to hold well above the 13,000 level and the S&P was able to cross the 1,400 benchmark. While a number of investors are cheering on the rally, the rapid rise has many worried that some kind of pullback is overdue and that [...]
