Markets rebounded on Friday to register solid gains as Eurozone’s officials approved a four-month extension to Greece’s bailout program. However, another decline in oil prices weighed on energy shares, which in turn eroded some gains. The Dow finished at a record high for the first time this year, while S&P 500 hit the same for the third time. Meanwhile, the […]
Benchmarks finished Thursday’s session mostly in the red as oil prices dropped and deadlock over Greek debt deal continued. While decline in oil prices dragged energy shares down, Germany’s rejection of Greece’s request for loan extension unnerved investors. However, the Nasdaq settled in positive territory banking on gains among chipmakers and bio-tech stocks. Priceline’s upbeat quarterly results also helped the […]
Benchmarks started the holiday-shortened week on a positive note banking on encouraging news from Greece. Indications that the Greek government intends to seek an extension of the country’s loan agreement program improved sentiment. While the S&P 500 closed at an all-time record high, the Dow closed at the highest level so far this year. Markets were closed on Monday for […]
Benchmarks ended in the green on Thursday after a ceasefire agreement between Russia and Ukraine boosted investor confidence. Moreover, encouraging earnings results including those from Cisco and TripAdvisor helped markets register solid gains. A rally in oil prices also boosted energy shares. However, disappointing economic data on the domestic front eroded some of the day’s gains. The Nasdaq reached its […]
Benchmarks ended Wednesday’s choppy session almost unchanged as uncertainty regarding bailout negotiations between Greece and its creditors dented investor sentiment. Moreover, renewed worries about the Russia-Ukraine crisis also dampened investor sentiment. Meanwhile, another decline in oil prices following rise in crude inventories dragged down energy shares. However, encouraging earnings results including those from Pepsico and Mondelez limited losses yesterday.For a […]
Rise in oil prices, new deals and upbeat quarterly results helped benchmarks settle in the green on Thursday. While rise in crude oil prices fueled gains in material and energy shares, Pfizer’s plan to acquire Hospira boosted healthcare stocks. Encouraging earnings results from O’Reilly Automotive and Estée Lauder Cos also added to the bullish sentiment. Meanwhile, investors shrugged off discouraging […]
Benchmarks eroded initial gains to end in the red as another decline in oil prices offset the positive impact of Apple’s record earnings results and the Fed’s encouraging view on economy and labor market. After concluding its two-day meeting on Wednesday, the Federal Open Market Committee (FOMC) provided a positive picture regarding economic growth and labor market, and also maintained […]
Disappointing earnings results dragged down benchmarks on Tuesday to their biggest one-day losses in three weeks. Major market movers including Microsoft and Caterpillar reported dismal earnings reports that dented investor sentiment yesterday. Moreover, discouraging durable order report also had a negative impact on the markets.For a look at the issues currently facing the markets, make sure to read today’s Ahead […]
Benchmarks ended mostly in the red after gaining for four consecutive days as materials stocks finished in the negative territory. Moreover, dismal outlook from United Parcel Service had a negative impact on benchmarks. However, benchmarks ended in the green over the week for the first time in four weeks mainly due to the European Central Bank’s announcement of monetary stimulus […]
Benchmarks turned positive for the year on Thursday after ECB announced a large-scale bond buying program to revive the near-stagnant Eurozone economy. The European Central Bank (ECB) announced a quantitative easing program worth about 1.1 trillion euros to address the risks of deflation in Eurozone. Additionally, upbeat quarterly results by banks and transportation companies boosted investor sentiment. The S&P 500 […]
