Benchmarks ended mostly lower on Wednesday after the Federal Reserve indicated it might increase key lending rates sooner than expected. The central bank also said the economic stimulus program may end this fall and the rates will then be raised six months later. These statements from Federal Reserve Chairwoman Janet Yellen dragged benchmarks to their first drop in three trading […]
Escalating political tension between Ukraine and Russia over the Crimean region dragged the benchmarks down to their worst selloffs in about a month. Concerns that the movement of Russian troops in the Crimean region of Ukraine may lead to larger conflict saw investors moving to the safe havens. Encouraging reports on ISM Manufacturing Index, construction spending and personal income failed […]
The Dow ended in negative territory for the second-straight day while the S&P 500 and Nasdaq managed positive closes. As expected, earnings numbers were the dominating factor behind markets’ movement and IBM’s lower-than-expected revenues dragged the blue-chip index lower. Separately, positive numbers from Norfolk Southern and TE Connectivity boosted S&P 500. The tech-laden Nasdaq hit its highest level since 2000.For […]
Chesapeake Energy Corporation (CHK) is involved in the exploration, development and production of natural gas and oil properties throughout the United States. Chesapeake has a market cap of $17 billion and its stock price is around $27.Many investors would like to know if Chesapeake is still a turnaround story or if it is now ready to trade in line with […]
Benchmarks eroded the day’s gains after Federal Reserve minutes suggested that tapering may begin in the in “coming months”. However, the timing of the action depends on what economic conditions suggest going forward. The day marked the S&P 500’s third-straight fall while the blue-chip index moved still further from its 16,000 mark. The healthcare sector was the only gainer among […]
Benchmarks moved higher on Friday, following an unanticipated boost in U.S. jobs growth in October. Consequently, the S&P 500 moved up for the week, following its worst performance in ten weeks on Thursday. The increasing prospect of the Federal Reserve tapering its stimulus program starting December raised bond yields. A few domestic reports were also released on Friday, providing data […]
The Dow notched another record high on Wednesday to join the S&P 500 in the green. The index was boosted by gains made by Microsoft, encouraging European economic data and investors’ expectations of the Federal Reserve continuing with its stimulus program. However, Nasdaq finished in the negative zone dragged by a significant drop in Tesla Motors’ shares. Among the S&P […]
