Benchmarks started the week on a dismal note after a slump in oil prices and disappointing overseas economic data dented investor sentiment. Energy shares were hit hard after oil prices plunged to a five-year low over continued concerns of oversupply. Moreover, discouraging China’s trade numbers, contraction of Japan’s economy and less-than-expected expansion in Germany’s industrial output has raised concerns of […]
Benchmarks settled in the green on Friday boosted by upbeat jobs data. The S&P 500 reached its 49th record high this year and the Dow registered the same for the 34th time this year. The S&P 500 and the Dow also registered their seventh successive week of gains. However, the Nasdaq ended in the red for the week.For a look […]
Benchmarks ended slightly lower on Thursday after hitting record highs on the previous day after the European Central Bank failed to provide solid clues about further monetary stimulus. Moreover, investors were also cautious ahead of Friday’s nonfarm employment report. However, encouraging jobless claims report limited some of the losses on Thursday.For a look at the issues currently facing the markets, […]
Strong service sector numbers and modestly impressive job data helped benchmarks to finish in the green zone on Wednesday. This was the second consecutive day of gains for the indices. Moreover, rally in energy shares following rebound in oil prices and solid gains in materials stocks also boosted investor confidence. The S&P 500 reached its 48th record high this year […]
Benchmarks ended in the green as healthcare and energy shares rallied on Tuesday to post solid gains. Moreover, merger and acquisition news involving Japan based Otsuka Pharmaceuticals and Avanir Pharmaceuticals, and Cypress Semiconductor and Spansion Inc. also boosted investor confidence. Additionally, encouraging reports of domestic vehicle sales and construction spending had positive impact on benchmarks. The S&P 500 posted its […]
Markets ended Friday’s holiday-shortened session on a mixed note following decline in oil prices that dragged down energy shares. However, slide in oil prices boosted airlines and retail shares on Black Friday. Moreover, major benchmarks registered weekly gains for the sixth consecutive week and also managed to finish in positive territory in November.For a look at the issues currently facing […]
Benchmarks settled in the green on Wednesday due to gains in technology and telecom stocks. The S&P 500 and the Dow closed at a record level for the 47th and 30th times this year, respectively. Separately, the Nasdaq was boosted by gains in bio-tech stocks. However, the gains were limited by another slump in energy shares. Meanwhile, the day’s discouraging […]
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 settled in the green as investors continued to be encouraged by efforts from China and Europe to boost their economies. Retail stocks surged as investors believe lower gasoline prices will boost retail sales this holiday season. The S&P 500 and the Dow yet again closed at record highs. Separately, a rally among bio-tech stocks and tech-giant Apple boosted the […]
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 […]
