Markets were closed on Monday due to the Martin Luther King Jr. Day holiday. Investors will thus have Tuesday as the first trading day of the week, and would look forward to snap a four-week losing streak. Markets had ended in the green last Friday. But these gains, that ended a five-day losing run, could not help benchmarks close in […]
Benchmarks ended in negative territory for the third-straight session on Tuesday erasing solid initial gains as another slump in oil prices weighed on energy shares. In the opening hours, markets were boosted by Alcoa’s encouraging earnings results and possibility of implementation of monetary stimulus in the Eurozone. The Dow declined around 400 points from its day’s high yesterday, witnessing its […]
Markets ended in the red zone for the second-consecutive day on Monday as oil price slide continued to dent investor sentiment. Moreover, dismal earnings outlook also dragged down benchmarks yesterday. However, some merger and acquisition news limited day’s losses. More than 75% of the Dow components ended in negative territory on Monday.For a look at the issues currently facing the […]
Benchmarks snapped two-straight days of solid gains to end in the red on Friday as decline in average hourly wages dented investor sentiment despite strong nonfarm payroll data. Moreover, slump in oil prices after gaining for two-consecutive days also dampened investor confidence. Benchmarks also ended the volatile week in the negative territory.For a look at the issues currently facing the […]
Benchmarks turned positive for the year on Thursday after investors welcomed firming up of oil prices and accommodative monetary policies by the Fed and ECB. Charles Evans’ comment that the Fed may not hit 2% inflation rate target until 2018 also boosted investor sentiment. The S&P 500 posted its biggest one-day percentage gain since Dec 18, 2014. The Dow also […]
Benchmarks continued to suffer losses on Tuesday due to another slump in oil prices. Political uncertainty in Greece and Bill Gross’ dismal outlook for 2015 also dented investor mood. Further, data showing weaker-than-expected growth in the U.S. service sector and a drop in factory orders for four consecutive months weighed on investor sentiment.For a look at the issues currently facing […]
The biotech sector has started 2015 with the announcement of several deals. Both Kite Pharma (KITE – Snapshot Report) and Isis Pharmaceuticals (ISIS – Analyst Report) saw their share prices increasing on collaboration agreements with major companies. Meanwhile, Alkermes (ALKS – Analyst Report) has also started the year on a positive note with encouraging pipeline data.Recap of the Week’s Most […]
Benchmarks settled in the green for the fourth-straight session boosted by gains made by large-cap technology stocks. The S&P 500 closed at a record level for the 50th time in 2014, its highest number of record closings in a year since 1995. The Dow too posted a record close for the 35th time this year. Gains in technology shares offset […]
Benchmarks ended a turbulent week on a positive note as investors continued to welcome Fed’s decision to remain ‘patient’ before raising the interest rate from near zero level. Moreover, rebound in oil prices helped energy shares post solid gains. The Dow and the S&P 500 posted their biggest three-day gain on Friday. The indexes also registered their biggest weekly advance […]
Benchmarks enjoyed their best day this year on Wednesday as the Fed issued encouraging statements regarding economic growth in the U.S. and a rate hike. Fed’s statement that it would remain “patient” before raising the interest rate boosted investor confidence. Moreover, rebound in oil prices helped energy shares post solid gains yesterday. The S&P 500 registered its best one-day gain […]
