Benchmarks settled in the red on Monday as investors remained cautious about Israel’s ground invasion in Gaza and possible tougher sanctions against Russia. The day was devoid of any major economic data and corporate earnings results that could have impacted the markets.For a look at the issues currently facing the markets, make sure to read today’s Ahead of Wall Street […]
Upbeat earnings results coupled with gains in bio-tech and Internet stocks helped benchmarks rebound to the green on Friday. Meanwhile, investors kept an eye on developments related to the MH17 crash and Israel’s invasion of Gaza that had compelled investors to take money out of equities on Thursday. Friday’s broad-based gains helped benchmarks end the volatile week with modest gains.For […]
Benchmarks snapped a four-day winning streak and ended in the red on Wednesday after investors took a breather and retail stocks declined.The day was devoid of any economic data that could impact markets. Investors now await the GDP report scheduled for release on Thursday. For a look at the issues currently facing the markets, make sure to read today’s Ahead […]
Benchmarks ended higher on Wednesday boosted primarily by the encouraging minutes from the FOMC meeting. Fed officials discussed monetary tightening while remaining flexible on such a measure. They also discussed approaches to hiking rates, but clarified this was not an indication that rates would be hiked immediately. Meanwhile, gains from consumer discretionary and energy stocks also helped benchmarks finish in […]
Benchmarks snapped a two-session winning streak and ended in the red on Tuesday due to declines in retail stocks. Disappointing earnings results by Staples, TJX, Dick’s Sporting Goods and Urban Outfitters led the selloffs. Caterpillar’s disappointing sales figures also weighed on the benchmarks. Meanwhile, investors assessed Philadelphia Fed President Charles Plosser’s comments as the day was devoid of any economic […]
It seems that the Global X Social Media Index ETF (SOCL) has fallen on hard times. The fund started the year on weak footing thanks to a massive sell-off in momentum stocks. After that, many of its components like Twitter (TWTR) and LinkedIn Corp. (LNKD) came up with downbeat Q1 results (read: After LinkedIn’s Slump, Connect with the Social Media […]
Benchmarks finished Thursday’s choppy run mostly lower as investors took a cautious approach ahead of Friday’s nonfarm payroll report. While the day’s mixed economic reports had some negative impact on the S&P 500 and the Dow, the Nasdaq ended in positive territory due to gains in Internet stocks.For a look at the issues currently facing the markets, make sure to […]
Benchmarks ended in the green zone yesterday as investors were encouraged by better-than-expected corporate earnings results. Halliburton, Hasbro, Kimberly-Clark and SunTrust Banks reported upbeat quarterly results. Also, an increase in Conference Board’s leading economic index somewhat added to the bullish mood. The S&P rose for five straight sessions, its longest winning streak since October 2013.For a look at the issues […]
Benchmarks finished hardly changed on Thursday as investors received mixed corporate results as well as encouraging economic data. Morgan Stanley, General Electric, Goldman Sachs and Pepsi reported upbeat quarterly results. However, the Dow closed in negative territory following IBM and UnitedHealth Group’s dismal earnings report. Google’s disappointing earnings also weighed on the markets. Positive economic data on […]
Benchmarks ended higher on Wednesday primarily boosted by encouraging industrial production data and better-than-expected Chinese economic data. Yahoo’s higher revenues also contributed to the bullish mood. Fed Chairwoman Janet Yellen’s speech in New York was another positive factor yesterday.For a look at the issues currently facing the markets, make sure to read today’s Ahead of Wall Street articleThe Dow Jones […]
