Benchmarks finished almost unchanged on Tuesday as investors received mixed economic data while a slump in oil prices dragged energy shares down. While revised third-quarter GDP came in better-than-expected, data on consumer confidence and home prices were discouraging. The S&P 500 and the Dow snapped a three-session winning streak and ended in the red, but the Nasdaq settled in the […]
Benchmarks ended higher on Friday after China’s central bank and ECB’s efforts to stimulate their economies boosted investor sentiment. The S&P 500 and the Dow finished at record levels for the 45th and 28th times this year, respectively. The Nasdaq also gained, but its advance was limited due to declines in large-tech companies. Meanwhile, all the three indexes recorded gains […]
Markets retreated from record highs on Wednesday to finish in the red as Fed minutes failed to provide any clear indications about a possible rate hike. Moreover, mixed housing data also weighed on investor sentiment. However, upbeat earning results helped retail stocks to post solid gains on Wednesday.For a look at the issues currently facing the markets, make sure to […]
Rally in healthcare stocks and easing global growth worries boosted benchmarks to finish in the green on Tuesday. Improved investor confidence data from Germany and positive news from Japan reduced worries about the global growth. Encouraging economic data also lifted investor confidence. The S&P 500 and Dow finished at a record high yesterday.For a look at the issues currently facing […]
It was all about earnings last week with several biotech companies reporting third quarter results. While it was a “beat and raise” quarter for quite a few companies, some companies narrowed their outlooks for the year.Recap of the Week’s Most Important Stories1. Companies like Celgene (CELG – Analyst Report), Biogen (BIIB – Analyst Report), Alexion (ALXN – Analyst Report), Cubist […]
Benchmarks ended mostly in the negative territory on Wednesday after a drop in Apple shares weighed on the broader markets. A possibility of a cease-fire between Ukraine and Russia had initially lifted the markets. Meanwhile, investors were reluctant to bet big bucks ahead of the European Central Bank’s monthly policy meeting on Thursday.For a look at the issues currently facing […]
Benchmarks began September mostly in the red after a drop in crude oil prices impacted the energy sector. The day’s upbeat manufacturing data was overshadowed by the fall in crude prices. The S&P 500 lost initial gains, but was able to settle above the 2k mark.For a look at the issues currently facing the markets, make sure to read today’s […]
Markets ended in the red and the S&P fell below the record 2k mark as concerns about Russia-Ukraine tension overshadowed encouraging U.S. economic data. Dismal inflation rate data from Eurozone also dragged down the benchmarks.For a look at the issues currently facing the markets, make sure to read today’s Ahead of Wall Street articleThe Dow Jones Industrial Average (DJI) declined […]
Benchmarks ended a listless trading session nearly flat following mixed earnings reports. Investors were reluctant to bet big bucks on a day devoid of any major economic data or news. The S&P 500 was able to end above the 2K mark, but the index witnessed its lowest intra-day trading range, swinging by only 4.54 points.For a look at the issues […]
The S&P 500 ended above the 2k mark for the first time following encouraging economic data on Tuesday. Merger and acquisition news between Burger King and Tim Hortons also helped the benchmarks end higher. The Dow hit a record intraday level of 17,153.80, but shed some of the gains by the end of the day.For a look at the issues […]
