Benchmarks ended in the negative territory on Thursday as encouraging economic reports once again intensified apprehensions that Federal Reserve’s tapering may happen sooner than expected. The economy was reported to have expanded at a faster rate and the initial claims number dropped. Now, Friday’s nonfarm payroll report will be keenly watched for further hints on Fed’s taper decision. The Dow […]
The Dow finally recorded its first close above the 16,000 mark yesterday driven by encouraging jobs data. The Nasdaq too finished in the green while the S&P 500 snapped its three-day losing streak. Meanwhile, annual inflation rate came in lower than the Federal Reserve’s target. President of the Federal Reserve Bank of St. Louis and a voting member of the […]
The Dow and S&P 500 hit new highs on Friday, notching up their sixth consecutive week of gains riding high on Federal Reserve chair nominee Janet Yellen’s recent comments supporting the Central Bank’s stimulus program. Shares of Exxom Mobil Corp. moved higher after Warren Buffett’s Berkshire Hathaway Inc. revealed that it had acquired an additional stake worth $3.45 billion in […]
The Dow and S&P 500 finished Thursday’s trading on new highs following Janet Yellen’s comments during her Senate confirmation hearing. Yellen suggested that the Federal Reserve’s soft monetary policy could continue until the economy shows signs of significant strength. A couple of economic reports were released yesterday. Initial claims slipped, declining for the fifth time in a row. Among the […]
Dismal corporate earnings reports and lower oil prices dragged the major indices into negative territory on Tuesday. Among the S&P 500 industry groups, the technology sector gained the most. Financials, followed by utilities stocks ended on the losing side.For a look at the issues currently facing the markets, make sure to read today’s Ahead of Wall Street articleThe Dow Jones […]
