Markets rebounded to the green on the sixth anniversary of the bull market boosted by mergers and acquisition activity, and gains in industrial and technology stocks. Benchmarks started the week on an encouraging note after a dismal Friday, when positive jobs data had sparked fears of a sooner-than-expected rate hike. Investors also found a buying opportunity yesterday, after the sell […]
Benchmarks ended higher on Wednesday boosted primarily by encouraging minutes of the FOMC meeting. Federal Reserve officials discussed how the central bank will end its easy monetary policy. Policy makers will end the asset purchase program by October provided the economy shows signs of strength. They also clarified that this was not an indication that rates would be hiked immediately. […]
Believe it or not, earnings season begins again next Tuesday with Alcoa’s (AA) report after the close. Below is a look at the number of stocks reporting earnings by day this season through the start of August. As shown, things don’t really kick into gear until the back half of July, with the two biggest days coming on […]
Benchmarks soared on Wednesday primarily boosted by the encouraging minutes from the central bank’s policy meeting. Fed officials are said to be in favor of hiking rates only when they are sure about the economic recovery. Alcoa’s positive quarterly numbers boosted its share price, somewhat driving the broader market as well.For a look at the issues currently facing the markets, […]
