Benchmarks hit another record high on Friday as investors continued to cheer encouraging economic scenario on the domestic front. However, the trading volume remained low as most of investors were enjoying extended Christmas holiday. The Dow registered 38th record high and the S&P 500 posted 52nd record close on Friday, while the Nasdaq finished at the highest since Mar 2000. […]
Brian RobinsWhat a difference a year makes. The downturn in mining stocks from 2013 saw hot money flow into the biotech sector. But after some spectacular research failures, sentiment soured, leaving the sector firmly in the shadows for much of 2014 so that even the surge in biotech stocks globally bypassed the local players.Alchemia, QRx Pharma and Prana were all […]
Benchmarks rebounded on Thursday propelled by better-than-expected retail sales data and an impressive initial claims report. The indices made a comeback from the slump they suffered a day earlier and in fact the bearish mood that mostly prevailed through this week. However, some of the day’s gains were eroded post noon by the concerns over the US crude futures falling […]
Benchmarks ended Tuesday’s trading session on a mixed note as investors remained concerned about the global economy and political turmoil in Greece. People’s Bank of China’s move to tighten rules on loans and unexpected declaration of presidential elections in Greece dented investor sentiment. However, the S&P 500 and Dow erased much of the initial losses, banking on a rally in […]
Benchmarks settled in the green on Friday boosted by upbeat jobs data. The S&P 500 reached its 49th record high this year and the Dow registered the same for the 34th time this year. The S&P 500 and the Dow also registered their seventh successive week of gains. However, the Nasdaq ended in the red for the week.For a look […]
Benchmarks settled in the green on Wednesday due to gains in technology and telecom stocks. The S&P 500 and the Dow closed at a record level for the 47th and 30th times this year, respectively. Separately, the Nasdaq was boosted by gains in bio-tech stocks. However, the gains were limited by another slump in energy shares. Meanwhile, the day’s discouraging […]
British stock market got talentsComing to the end of 2014 and it has been an exciting year in terms of investment. US stock market is still in bull cycle. Russia Ruble has finally rebounded after depreciated by 40% against the USD since July. China cut 1 year benchmark borrowing rate from 6% to 5.6% to simulate the slowing economy. Japan […]
Friday was a choppy session with little momentum as indexes have now worked off their extreme overbought conditions. The S&P 500 added 0.02% and the NASDAQ 0.18%. U.S. retail sales rose 0.5% last month when stripping out volatile elements like gasoline, autos, building materials and food services, according to the Commerce Department data released on Friday. That was the biggest […]
The Ebola virus has landed in the United States, after Thomas Eric Duncan flew from Liberia to Texas. He was released by a hospital in Dallas, despite telling hospital staff that he came from Liberia. He came in contact with up to 20 people, including 5 schoolchildren since touching down in Dallas. The CDC is monitoring these people, but I have […]
Benchmarks ended mostly in the negative territory on Wednesday after a drop in Apple shares weighed on the broader markets. A possibility of a cease-fire between Ukraine and Russia had initially lifted the markets. Meanwhile, investors were reluctant to bet big bucks ahead of the European Central Bank’s monthly policy meeting on Thursday.For a look at the issues currently facing […]
