Benchmarks were little changed on Wednesday amid discouraging retail sales numbers and rise in bond yields. While disappointing retail sales figures in April dragged the S&P 500 and the Dow into negative territory, gains in bond yields across the U.S. and Europe made investors nervous. Separately, a drop in DuPont’s shares weighed on the Dow. However, the Nasdaq bucked the […]
The bad news is that we just finished lower for a fourth-straight session. The good news: Hey, at least the market didn’t just add another black crow to the flock. Not the “She Talks to Angels” kind. Rather, the kind that pecks away at positions.Here’s how it works: After a decent stretch, the S&P SPX, +0.24% started with three trading […]
Indexes continue to struggle and it remains a period to be cautious. Unlike the prior 2 sessions when we saw serious spikes in the premarket, today the market was down severely premarket and that weakness continued all day until mid afternoon when some buyers showed up to relieve some of the pressure. Still the S&P 500 fell 0.58% and the […]
US stock market hits milestone following surge in economic growthPublished time: December 23, 2014 22:09Get short URLReuters / Hannibal HanschkeTagsEconomy, Inflation , Interest Rates, Investment, Oil, Real Estate, Retail, USAThe US stock market hit a historic milestone on Tuesday, following an announcement that the country’s economy grew five percent between the months of July and October ‒ its fastest pace […]
A spike in crude oil prices and discouraging economic data dragged the benchmarks down on Thursday. Investors were worried about the extent to which the Iraq crisis could affect the nation’s oil supply. Moreover, less-than-forecasted retail sales growth and an unexpected rise in unemployment benefits also dented investor sentiment. The S&P 500 dropped for three-consecutive days for the first time […]
Indexes fought off weakness mid day as the bulls remain in control; the S&P 500 added 0.18% while the NASDAQ fell 0.13%; both were well off their respective lows. There was some negative data in terms of consumer spending but like a lot of bad economic data the past 5 years the market really is not in a mood to […]
We noted a potential change of trend last Thursday when a 2 month downtrend on the NASDAQ had reversed. We also started pointing out in our recaps late last week a lot of broken down areas of the market (momentum / growth type stocks) staged breakouts over long term downtrends. Last Friday was a nice through day but the NASDAQ […]
The Dow and the S&P 500 closed at record highs for the second consecutive session on Tuesday driven by an upward revision of March’s retail sales data and encouraging small-business sentiment. However, the Nasdaq ended in negative territory after Cisco forecasted disappointing fiscal third quarter results. A new deal between Keurig Green Mountain and Coca-Cola was also welcomed by the […]
Benchmarks ended higher on Monday primarily boosted by encouraging retail sales data. Also, Citigroup’s better-than-expected quarterly earnings contributed to the bullish mood. At the same time, investors kept a close eye on recent updates from Ukraine.For a look at the issues currently facing the markets, make sure to read today’s Ahead of Wall Street articleThe Dow Jones Industrial Average (DJI) […]
Rising political tension between Russia and the West over Crimea dragged the benchmarks down to their worst fall in over five weeks. Lingering concerns about a possible slowdown in China also impacted the indices. The S&P 500 fell below a technical level and the year-to-date figure dropped to the red zone. The Dow suffered its fourth straight decline. Encouraging economic […]
