Weaker-than-expected domestic manufacturing data hammered benchmarks yesterday and the markets witnessed their worst selloff in many months. Nine of S&P 500’s industry groups slumped, with this index along with the Dow suffering their worst declines since June 20. Nasdaq had its biggest single-day decline since June 1. The decline on the first trading session of February came right after benchmarks […]
If the January Barometer is any guide, stocks could be in for a rough 2014. The 2013 gain of over 29% in the S&P 500 and the gain of over 26% in the Dow Jones Industrial Average may have simply pulled forward most of the expected gains that could be had in 2014. The Dow is now close to being […]
A more optimistic outlook on emerging markets and promising consumer data helped benchmarks rebound to a positive finish after three consecutive sessions of losses. In fact, the Dow snapped its five-day rout and was 10 points short of a 100-point gain. Pfizer’s earnings beat also helped benchmarks buck the downtrend. Investors will now closely watch what the Federal Reserve has […]
The Dow notched another record high on Wednesday to join the S&P 500 in the green. The index was boosted by gains made by Microsoft, encouraging European economic data and investors’ expectations of the Federal Reserve continuing with its stimulus program. However, Nasdaq finished in the negative zone dragged by a significant drop in Tesla Motors’ shares. Among the S&P […]
According to McKinsey, companies who miss big data opportunities of today will miss the next frontier of innovation, competition, and productivity. To back up these assertions, leading business schools and corporate thought leaders also point out examples and the opportunities at hand. Even with all the buzz, many companies and executives still remain suspicious or even unclear about their ability […]
