Benchmarks started the second half of 2014 on a positive note after economic data showed manufacturing activity picked up in U.S and Asia. Gains in health-care, technology and consumer discretionary sectors also propelled the S&P 500 and the Dow to close at record highs. Bio-tech stocks primarily boosted the Nasdaq. Upbeat U.S. auto sales in June also boosted investor sentiment.For […]
Benchmarks finished mostly lower on Monday following mixed economic numbers. A gauge of pending home sales numbers hit its highest level in eight months in May. However, data from the Institute for Supply Management showed Chicago PMI numbers dropped more than expected. For the month, the S&P 500 settled in the green and recorded its best quarterly gains since 1998. […]
Gains in media stocks helped benchmarks shrug off weak economic data and settle in the green. Investors ignored the biggest contraction of the U.S. economy in the first quarter since early 2009 and also overlooked an unexpected fall in durable goods order. Broadcaster stocks rose on Wednesday after Supreme Court ruled in their favor over start-up online-video service provider, Aereo […]
Benchmarks ended in the red on Tuesday following a late selloff primarily due to mounting tension in Iraq. The blue-chip index suffered its biggest drop in over a month. The S&P 500 settled in negative territory after touching an intra-day all time high of 1968.17. The day’s initial gains, largely a result of encouraging home sales data and an improvement […]
By David A. Schweidel and Wendy W. MoeJournal of Marketing ResearchPublished online June 19, 2014Does brand sentiment vary by social media platform? According to research by David Scweidel and Wendy Moe, the answer appears to be yes. The authors discuss the results of their 2014 study, in which they modeled previous data collected from different social media venues (blogs, Facebook, Twitter, […]
Benchmarks had a volatile run through the session, rebounding from a mid-day slump to settle in the green powered by new deals and upbeat economic reports. New deals between Medtronic and Covidien, Williams Companies and Access Midstream Partners, Level 3 Communications and TW Telecom, and SanDisk and Fusion-io boosted sentiment. Encouraging data on manufacturing activity in the New York region, […]
President Barack Obama’s decision to refrain from sending in ground troops to Iraq helped benchmarks end in the positive zone on Friday. His comments partially eased concerns about oil supply disruption due to the ongoing Iraqi sectarian clash. Intel’s second-quarter revenue forecast hike also helped benchmarks shrug of early jitters caused by weak consumer sentiment data. Nonetheless, the Iraqi situation, […]
The U.S. equity markets have lately been testing uncharted territories, with two out of three major indices scaling record highs amid questionable fundamentals. Both S&P 500 and Dow Jones closed at new lifetime highs last Monday.In the face of a mixed bag of economic news, and continued uncertainty in overseas markets, Bullish traders remain at the helm in shaping the […]
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 […]
Benchmarks ended Tuesday’s trading session little changed after investors took a breather. However, the minute gains helped the blue-chip index close at a record level for the tenth time this year. The S&P 500 snapped a four-day winning streak and ended in the red as investors focused on stock valuations. An increase in job openings and a rise in U.S […]
