Benchmarks settled in the green for the fourth-straight session boosted by gains made by large-cap technology stocks. The S&P 500 closed at a record level for the 50th time in 2014, its highest number of record closings in a year since 1995. The Dow too posted a record close for the 35th time this year. Gains in technology shares offset […]
Benchmarks ended a turbulent week on a positive note as investors continued to welcome Fed’s decision to remain ‘patient’ before raising the interest rate from near zero level. Moreover, rebound in oil prices helped energy shares post solid gains. The Dow and the S&P 500 posted their biggest three-day gain on Friday. The indexes also registered their biggest weekly advance […]
Benchmarks enjoyed their best day this year on Wednesday as the Fed issued encouraging statements regarding economic growth in the U.S. and a rate hike. Fed’s statement that it would remain “patient” before raising the interest rate boosted investor confidence. Moreover, rebound in oil prices helped energy shares post solid gains yesterday. The S&P 500 registered its best one-day gain […]
With the holiday season coming up, it’s been a relatively quiet week for the biotech sector with very few pipeline and regulatory updates. However, companies like Sophiris (SPHS – Snapshot Report) and Cyclacel saw their shares plunging on disappointing pipeline updates.Recap of the Week’s Most Important Stories1. Sophiris faced a major pipeline setback following an interim analysis of an ongoing […]
With the holiday season coming up, it’s been a relatively quiet week for the biotech sector with very few pipeline and regulatory updates. However, companies like Sophiris (SPHS – Snapshot Report) and Cyclacel saw their shares plunging on disappointing pipeline updates.Recap of the Week’s Most Important Stories1. Sophiris faced a major pipeline setback following an interim analysis of an ongoing […]
Markets finished a choppy session in the negative territory on Monday as yet another slide in oil prices dented investor sentiment. Moreover, mixed economic data on the domestic front weighed on the benchmarks. The Dow had gained more than 100 points in the initial session, but lost all the gains by the closing bell.For a look at the issues currently […]
Benchmarks finished in the red as decline in oil prices dragged down energy shares on Friday, offsetting positive consumer sentiment data. Moreover, dismal economic data from China also dented investor confidence. The S&P 500 and the Dow registered their biggest weekly losses since May 2012 and Sep 2011, respectively.For a look at the issues currently facing the markets, make sure […]
Benchmarks rebounded on Thursday propelled by better-than-expected retail sales data and an impressive initial claims report. The indices made a comeback from the slump they suffered a day earlier and in fact the bearish mood that mostly prevailed through this week. However, some of the day’s gains were eroded post noon by the concerns over the US crude futures falling […]
Benchmarks suffered their biggest drop in two months on Wednesday after a slump in oil prices dragged energy shares down. Oil prices took a beating after OPEC lowered its oil production forecast for 2015. The S&P 500 registered its worst one-day percentage decline since Oct 13. All 10 sectors of the S&P 500 index also posted a decline of more […]
Benchmarks ended Tuesday’s trading session on a mixed note as investors remained concerned about the global economy and political turmoil in Greece. People’s Bank of China’s move to tighten rules on loans and unexpected declaration of presidential elections in Greece dented investor sentiment. However, the S&P 500 and Dow erased much of the initial losses, banking on a rally in […]
