Benchmarks finished almost flat on Friday as Eurozone’s soft GDP data offset encouraging economic reports. Decline in healthcare stocks also eroded some of Friday’s gains. However, higher crude oil prices boosted energy shares. The meager gains helped the S&P 500 extend its record high. Moreover, benchmarks managed to register weekly gains for a fourth straight week.For a look at the […]
Benchmarks finished Wednesday’s choppy trading session little changed as investors weighed a series of new developments. Global regulators fines on major banks, drop in oil prices, and the U.S and China’s effort to curb carbon emissions had a negative impact on financial, energy and utility sectors, respectively. On the other hand, upbeat earnings from retailers helped the consumer discretionary sector […]
Benchmarks were little changed on Tuesday as investors hardly found any reason to place big bets. The day was devoid of any major news that could move the markets significantly on either side. Trading volumes were light and the bond market was closed due to the U.S. Veterans Day holiday. However, the S&P 500 and the Dow posted modest gains […]
Last week, earnings remained in focus with several companies reporting their third quarter results. While AbbVie’s (ABBV – Analyst Report) results remained strong with the company raising its outlook, companies like Regeneron (REGN – Analyst Report) and Aegerion (AEGR – Analyst Report) narrowed their sales outlooks for their key products.Among all this, Geron (GERN – Analyst Report) made it to […]
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 […]
Markets ended mostly in the red on Friday as both US Fed chairwoman Janet Yellen and ECB President Mario Draghi’s speeches at Jackson Hole, Wyo failed to encourage investors. Escalating tensions between Russia and Ukraine also dragged the benchmarks down. Markets also witnessed the year’s lowest intraday composite traded volume for NYSE and Nasdaq.For a look at the issues currently […]
Positive economic reports propelled benchmarks to record highs on Thursday. Economic data on manufacturing, existing home sales, initial claims and leading economic indicators all came in positive. The four-day rally in S&P 500 boosted it to a record close. While Nasdaq closed at its highest level since Mar 31, 2000, Dow closed at the best level since Jul 24. Investors […]
Encouraging housing data and upbeat earnings results ensured a positive finish for benchmarks on Tuesday. The positives offset negative sentiment arising from ongoing geopolitical tensions in Ukraine. Meanwhile, Apple hit a record split-adjusted closing high, which also contributed to the bullish mood. The S&P 500 is now 10 points away from its record high. The Nasdaq closed above 4,500 points […]
Benchmarks ended Friday’s session on a mixed note after renewed tension between Ukraine and Russia unnerved investors. Ukraine forces destroyed part of a Russian armored column after it entered Ukrainian soil. However, benchmarks recorded their second-straight week of gains.For a look at the issues currently facing the markets, make sure to read today’s Ahead of Wall Street articleThe Dow Jones […]
Benchmarks ended in the green as gains in biotech stocks offset discouraging retail sales numbers. Disappointing retail sales also negated concerns about a sooner-than-expected interest rate hike. Healthcare and technology stocks helped the S&P to hit a two-week high. However, disappointing earnings from Macy’s eroded some of yesterday’s gains.For a look at the issues currently facing the markets, make sure […]
