Benchmarks posted modest gains on Thursday amid gains in energy shares, mixed earnings reports and weak economic data. While, gains among energy shares were able to offset discouraging domestic and overseas economic reports, investors continued to assess a slew of mixed earnings results. Energy shares gained after domestic crude oil price touched its highest level this year on Thursday. Meanwhile, […]
Benchmarks finished Tuesday’s trading session mostly lower following a mixed bag of earnings reports. While, a handful of discouraging quarterly results dragged the Dow and the S&P 500 down, the Nasdaq bucked the trend banking on a new deal in the biotechnology sector.For a look at the issues currently facing the markets, make sure to read today’s Ahead of Wall […]
Benchmarks ended Thursday’s choppy trading session slightly lower following mixed economic data and Fed officials comments on interest rate hike. Upbeat earnings results, well received initial public offerings and rise in oil prices failed to help benchmarks close in the green. While, about two third of the Dow components ended in the red, seven out of ten sectors of the […]
Benchmarks finished mostly in the green on Tuesday, banking on gains in energy shares which were powered by a rise in oil prices. However, the Nasdaq settled in the red due to overall weakness in the technology sector. Meanwhile, investors remained focused on mixed earnings results and weaker than expected retail sales.For a look at the issues currently facing the […]
Benchmarks posted modest gains on Thursday helped by gains in energy shares due to rise in oil prices. The day’s gains were limited as investors remained concerned about first quarter earnings results. A stronger U.S. dollar may negatively impact multinationals’ earnings results while overall weakness in oil prices will weigh on energy shares. Meanwhile, the first quarter earnings season kicked […]
Benchmarks ended in the red for the fourth-straight session after escalating tensions in the Middle-East following an air strike in Yemen dampened investor sentiment. Additionally, the crisis in Yemen drove oil prices higher on Thursday on concerns that it may lead to reduction in oil supply. However, upbeat initial claims data limited some of the day’s losses. The S&P 500 […]
Benchmarks ended in the green on Friday as weaker dollar and encouraging earnings results from Nike boosted investor sentiment. Weaker dollar had a positive impact on oil prices, which in turn helped energy shares move up. The Nasdaq reached a 15-year high and finished above 5k mark on Friday. Moreover, the S&P 500 registered weekly gains for the first time […]
Benchmarks suffered huge losses on Tuesday as rate hike fears strengthened the U.S. dollar to a multi-year high against major currencies including the euro. Last week’s strong U.S. job numbers injected fears among investors that the Fed may raise interest rate sooner-than-expected. Moreover, stronger dollar had a negative impact on oil prices yesterday. The blue-chip index witnessed its biggest one-day […]
Benchmarks ended mostly in the red on Thursday as mixed economic data and another decline in oil prices dampened investor sentiment. However, Avago Technologies’ encouraging deal news and strong earnings results from Salesforce.com boosted technology shares. Meanwhile, small cap stocks outpaced large cap stocks, which in turn helped the Russell 2000 Index reach a record high for the eighth time […]
Markets remained almost unchanged as Janet Yellen concluded her two-day Congressional testimony before the House Financial Services Committee on Wednesday. In her testimony, Yellen failed to provide enough clues to investors regarding rate hike. Meanwhile, decline in Apple’s shares and dismal earnings results from Hewlett-Packard dragged down technology shares. However, encouraging earnings results from retailers including TJX and Dollar Tree […]
