Denial ain’t just a river in Egypt.
–Mark TwainSo let me get this straight: The GDP revision for first quarter came in far worse than economist estimates, and the stock market simply doesn’t care? Enough with the weather excuse. Enough with the Russia excuse. The bond market since day one of this year has been pessimistic on the economy. So far, […]
The Dow and the S&P 500 closed at record highs for the second consecutive session on Tuesday driven by an upward revision of March’s retail sales data and encouraging small-business sentiment. However, the Nasdaq ended in negative territory after Cisco forecasted disappointing fiscal third quarter results. A new deal between Keurig Green Mountain and Coca-Cola was also welcomed by the […]
The question of the day is relatively straightforward at this time: Will we see a meaningful decline (defined as a loss of -10 percent or more) on the S&P 500 (NYSE: SPY) in the near term or not?
From the bears’ perspective, the answer is an unequivocal “yes.” Our furry friends cite the ongoing mo-mo meltdown (Social Media (NASDAQ: SOCL), Internet […]
The question of the day is relatively straightforward at this time: Will we see a meaningful decline (defined as a loss of -10 percent or more) on the S&P 500 in the near term or not?From the bears’ perspective, the answer is an unequivocal “yes.” Our furry friends cite the ongoing mo-mo meltdown [Social Media (SOCL), Internet (FDN), and Biotech […]
Benchmarks ended Thursday’s choppy session mostly lower, dragged down by late selloffs in the utilities and energy sectors. The S&P 500 and the Nasdaq closed in the red, while Dow managed to finish in the green. The late selloff eroded the day’s earlier gains that came on the back of encouraging initial claims data and dovish comments from ECB President […]
* US stock markets finished higher again, for the easiest trade in the past three months on “turnaround Tuesday”.* European stock markets continued to find support rising to three week highs overnight, on the back of M&A activity and corporate earnings.* Asian stock markets generally rose spurred on by gains in China, as it found support at its key level.* […]
European markets and select Asian markets were closed today for holidays. This led to a much more subdued trading day than usual. Trading volume on the NYSE Composite was about 77% of its average from the last 10 days, and futures volumes were even less. The S&P 500 (INDEXSP:.INX) opened near the flat-line and traded up about 0.3% […]
REUTERSStocks are in the red in the U.S. And once again, the momentum names of the Nasdaq are leading the way down.
The Dow is down 153 points, or 0.9%.The S&P 500 is down 22 points, or 1.1%.The Nasdaq is down 70 points or 1.7%.This extends the big sell-off we saw on Friday.Amazon.com, Google, and Facebook are among the underperformers.According to […]
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 […]
