Markets added modest gains on Friday amid discouraging economic data. A flurry of weaker-than-expected economic reports increased expectations that the Fed will refrain from raising interest rates in the near term, which eventually helped the S&P 500 and the Dow end marginally higher. The day’s minute gains were enough for the S&P 500 to close at a record level for […]
Benchmarks gained over 1% yesterday on weaker dollar and drop in bond yields. Thursday’s gains were broad based with the S&P 500 closing at an all-time record high and 9 out of 10 sectors of the index ending in positive territory. Economic data was mixed, giving no clear indication to investors on the timing of first rate hike.For a look […]
Benchmarks ended in the red on Monday as investors were concerned about Greece’s debt crisis, while China’s rate cut to lift its economy did little to boost sentiment. Meanwhile, energy shares took a beating due to drop in oil prices. Yesterday’s total composite trading volume turned out to be the fifth lowest for this year.For a look at the issues […]
Markets ended in the red for the second consecutive day following Fed Chair Janet Yellen’s comments that stock valuations are “quite high”. Yellen warned investors of potential dangers they may face due to high equity valuations. Meanwhile, weak private sector hiring numbers added to the bearish sentiment. The soft numbers came in ahead of the much awaited non-farm payrolls report […]
Benchmarks ended in the red on Tuesday, dragged down by losses in technology, biotechnology and small-cap stocks. U.S. trade deficit touched its highest level in almost six and a half years, adding to the bearish sentiment. Meanwhile, investors remained concerned over fresh troubles in Greece and kept an eye on upcoming nonfarm payrolls data to gauge the timing of a […]
Markets made a strong comeback on Friday as investors added beaten down stocks to their portfolios. Moreover, General Motors and Ford posted better-than-expected U.S. auto sales numbers. Economic data was mixed. Each benchmarks gained at least 1%, limiting the weekly losses.For a look at the issues currently facing the markets, make sure to read today’s Ahead of Wall Street articleThe […]
Benchmarks ended the last trading session of the month in the red dragged by losses in technology and biotechnology stocks. While, decline in Apple’s shares weighed on the technology sector, Celegen’s lower-than-expected quarterly revenues had a negative impact on biotech shares. Yesterday’s losses were broad based with all 10 sectors of the S&P 500 ending in the red and 27 […]
Benchmarks ended the first trading session of the week in the red led by losses in biotech shares. Meanwhile, investors refrained from placing big bets ahead of the Federal Reserve meeting, which begins today. Investors also kept an eye on first quarter earnings results.For a look at the issues currently facing the markets, make sure to read today’s Ahead of […]
Benchmarks posted modest gains on Thursday amid gains in energy shares, mixed earnings reports and weak economic data. While, gains among energy shares were able to offset discouraging domestic and overseas economic reports, investors continued to assess a slew of mixed earnings results. Energy shares gained after domestic crude oil price touched its highest level this year on Thursday. Meanwhile, […]
Benchmarks finished Tuesday’s trading session mostly lower following a mixed bag of earnings reports. While, a handful of discouraging quarterly results dragged the Dow and the S&P 500 down, the Nasdaq bucked the trend banking on a new deal in the biotechnology sector.For a look at the issues currently facing the markets, make sure to read today’s Ahead of Wall […]
