Stock markets headed south last week as uncertainty over the political situation in Greece led many investors to question the health of the fragile currency bloc as a whole. Amidst the flurry of volatile trading on Wall Street, profit taking pressures also spread to commodities; futures prices for gold and oil both traded lower, settling below $1,600 an ounce and $96 a barrel respectively. The coming week appears to be stacked with key economic releases from both sides of the Atlantic ocean, and as such, investors will look for signs to bolster confidence in the global recovery [see also 3 ETFs For A Euro Zone Double-Dip].
With no shortage of worries spilling over from the Euro zone, increasing uncertainty on Wall Street turned into a dismal multi-day sell-off to start the week. The political situation in Greece remains turbulent as the debate whether or not to implement austerity continues to wage between opposing parties. Economic data releases on the home front have been [...]
U.S. stocks staged an impressive recovery last week as major indexes held above key technical resistance levels, 1,360 for the S&P 500 Index, bolstered by upbeat earnings results. Investors also reacted positively following the latest FOMC announcement which reaffirmed the Fed’s commitment to keeping interest rates low until late 2014. Confidence in the domestic recovery is growing judging from the [...]
After taking a dip lower last week, equity markets will look to shake off profit taking pressures and resume the bull-run on Wall Street. With corporate earnings season on tap to kick-off with Alcoa on Tuesday, investors will have platefuls of fresh economic data to digest throughout the trading week. In international developments, the China GDP release [...]
Domestic equity indexes staged an impressive comeback on Thursday as stocks climbed out of a hole in the final hours of trading. Mixed economic reports played a key part in paving the way for back-and-forth trading throughout most of yesterday. Weekly jobless claims were encouraging, although the figure ultimately missed estimates; 359,000 people filed for [...]
For many investors, March 9, 2009 was a major turning point; on that day the Dow Jones Industrial Average closed below 6,550, capping a disastrous stretch that had erased billions of dollars from portfolios around the world. Fortunately, that proved to be the low point of the recent recession; the next day markets rallied, and [...]
After back-and-forth price action throughout most of last week, equity indexes managed to end on a high note as good news from the Greek debt swap deal restored confidence in the debt burdened currency bloc. Bullish euphoria has remained strong on Wall Street thanks to an overwhelming majority of better-than-expected economic data releases in 2012. [...]
Last week got off to a rocky start as continuing fears over the security and stability of Greece intensified. As the week wore on, equities were able to recover amid a Greek deal as well as an upbeat jobs report on Friday, marking a third straight month with jobs growth. As the economic recovery gains [...]
Markets broadly climbed higher last week amidst ongoing uncertainty stemming from the Euro zone, although this week should offer investors more concrete insights on just how the Greek bailout negotiations are moving along. Wall Street is taking the day off today in observance of Presidents Day. With no major economic data releases due out this week on the home [...]
Last week’s bull-run on Wall Street came to a halt screeching halt on Friday as investors expressed their concerns over the looming, unresolved Euro zone debt crisis. Greek leaders and European policymakers have been battling it out in the negotiations room, although it appears that the drama may be nearing a climax as the debt burdened [...]
Equity markets soared to multi-month highs last week as investors digested encouraging economic data on the home front coupled with positive corporate performance surprises. Wall Street ended the week on a high note after the unemployment rate fell to 8.3%, paving the way for the bulls before Superbowl weekend. Looking forward, with earnings seasons dwindling [...]
