Benchmarks ended Friday’s trading session on a mixed note. The S&P 500 and Dow gained modestly on the back of better-than-expected nonfarm payroll data. These marginal gains were strong enough for the S&P 500 to hit another record high for the second consecutive day. Investors were also kept on the edge by recent developments in the Crimea region; leading to […]
Escalating political tension between Ukraine and Russia over the Crimean region dragged the benchmarks down to their worst selloffs in about a month. Concerns that the movement of Russian troops in the Crimean region of Ukraine may lead to larger conflict saw investors moving to the safe havens. Encouraging reports on ISM Manufacturing Index, construction spending and personal income failed […]
Benchmarks ended higher on Thursday and the S&P 500 closed at a record high after the Federal Reserve Chairwoman Janet Yellen blamed the harsh winter climate for the recent weakness in the economy. Retailer J C Penny and drug maker Mylan’s upbeat earnings reports were welcomed by investors. The […]
Stock Market Strike Three-You’re Out!……Well, Maybe……Stock-Markets / Stock Markets 2014Feb 27, 2014 – 12:08 PM GMTBy: Jack_Steiman
Three consecutive days have come and gone, with each day testing above 1850 on the S&P 500 intraday. Each day the S&P 500 failed to complete the breakout. Normally, when a key index fails for three straight days the bulls give […]
Merger and acquisition activities and a rally in health insurers took benchmarks to their record highs on Monday. A buoyant German confidence report also had a positive impact on the markets. The benchmarks ended in the green with the S&P 500 briefly reaching its all-time high. The Nasdaq ended the day at a fourteen-year high.For a look at the issues […]
Today marks Verizon Communications Inc.’s (VZ) first day of trading after it completed the acquisition of its remaining shares from Vodafone Group Plc (VOD). The company’s stock price is trading 0.78% lower as of 3:29 PM EST, after being down more than 1% earlier.The company gave guidance on its performance expectations after completing a deal that enables the largest wireless […]
By George LeongAt the beginning of the year, I thought the technology sector would deliver some of the top potential for gains this year.Nearly two months into the year, the technology sector has, so far, made the biggest strides in what has been a relatively cautious start to the year.So far this February, the technology sector is leading the broader […]
Investors refrained from placing big bets on Monday ahead of Federal Reserve Chair Janet Yellen’s first testimony before lawmakers. As a result, benchmarks closed almost at the same levels at which they opened the trading session. A lackluster quiet trading session saw hardly any action on the economic front. No major economic reports which could influence benchmarks were released.For a […]
A drop in initial claims and encouraging results from Disney helped benchmarks achieve their best single-day performance since Dec 18. The gains somewhat offset weekly losses and Friday’s session will be crucial to help benchmarks post a rare weekly gain. Consumer discretionary sector was the best performer for the day among the S&P industry groups.For a look at the issues […]
Favorable service sector data failed to add enough strength to the benchmarks yesterday as they suffered another round of losses. A choppy session saw the benchmarks open lower, followed by S&P 500 and Dow’s momentary halts in the green zone, after ultimately closing in the red. Separately, private employers were reported to have added lesser jobs than expected.The Dow Jones […]
