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 […]
Benchmarks dropped sharply on Monday with energy shares leading the decline due to another slump in oil prices. An increase in production of oil and strengthening of the dollar were responsible for dragging oil prices to its lowest level since 2009. Renewed political unrest in Greece that may result in a possible departure of the country from Eurozone also dampened […]
Benchmarks finished the first trading session of 2015 almost unchanged while investors received discouraging economic data. Weaker-than-expected reports on U.S. manufacturing and construction dented investor sentiment. The S&P 500 and the Nasdaq closed in negative territory, but the Dow ended its three-straight session losing streak and closed with meager gains on Friday. Meanwhile, benchmarks snapped a two-week winning streak and […]
Benchmarks ended in the red zone on Tuesday as reignited political turmoil in Greece continued to weigh on investor mood amidst low trading volume. Moreover, disappointing home price data also dented investor sentiment. The benchmarks witnessed their 12th lightest trade volume this year on Tuesday. The Dow finished below the 18k mark for the first time after crossing the same […]
Benchmarks ended Monday’s trading session little changed as investors received news on slump in oil prices and political turmoil in Greece. The S&P 500 was able to notch up another record close this year despite a rally among energy shares losing momentum due to drop in oil prices. However, the Dow settled in the negative territory and the Nasdaq remained […]
Markets ended modestly higher on Wednesday’s abbreviated trading session banking on initial claims dropping to a seven-week low and gains in biotechs. The Dow hit a record high for the 37th session and Nasdaq also ended in the green. However, the S&P 500 erased its initial gains and a late selloff dragged the benchmark into the red.For a look at […]
Benchmarks mostly settled in the green on Tuesday banking on better-than-expected revision to third quarter GDP numbers. The Dow closed above the 18K mark for the first time ever and notched up a record closing level for the 36th time this year. Almost 119 trading sessions have gone by since the index had crossed the 17K mark. The S&P 500 […]
