Benchmarks ended mostly lower yesterday, dragged down by weak corporate earnings results. A drop in the initial claims numbers failed to lift benchmarks to the green and the S&P 500 had to retreat from an all-time high. The index returned to the red zone considering the year-to-date period. Financials were among the biggest decliners, dragged by weak results from behemoths […]
NOAH, Bloomberg, ReutersAmong Wall Street’s 2014 forecasts, Emad Mostaque’s clearly stands out.The overwhelming consensus prediction on Wall Street for 2014 is that this will be the year the U.S. economy finally takes off, which should translate to a more gains in the stock market and more pain for holders of gold and U.S. Treasuries.
Emad Mostaque, a strategist at NOAH Capital […]
Stocks declined for the third consecutive day after strong retail sales data caused profit booking and heightened concerns regarding a near term tapering of the Fed’s stimulus program. The S&P 500 closed at a one month low and the Dow dropped by more than hundred points for the second consecutive day. The energy sector was one of the biggest gainers […]
Benchmarks ended in negative territory on Monday as Thanksgiving weekend sales failed to ignite bullish sentiment among investors. Retail stocks were sold heavily, thereby dragging the retail sector and the broader markets. Meanwhile, the upbeat ISM manufacturing report was ignored as investors cautiously await key labor data on Friday. The drop on Cyber Monday comes after the benchmarks notched a […]
The Nasdaq crossed the 4,000 mark yesterday for the first time in over a decade as strong housing data and positive retail earnings reports improved sentiment. The Dow and S&P 500 also finished in the green, extending their respective record highs. The consumer discretionary sector was the biggest gainer among the S&P 500 industry groups, while utilities stocks lost the […]
