Markets ended in the red as geopolitical tensions in Ukraine and Middle East offset upbeat earnings and weekly jobs data. Decelerating growth in European economy also dented investor sentiment. After adding almost 61 points in the initial hours, the Dow declined to its lowest level since April. The Standard & Poor 500 (S&P 500) has now declined 3.9% from the […]
Global stock markets were ripped in both directions today by various headlines and whispers. Early in the morning, equities rallied on news that Russian President Vladimir Putin had met with the presidents of Belarus and Kazakhstan to discuss ways to end the fighting in Ukraine. However, comments from NATO chief Rasmussen indicated that the organization would stand by Ukraine if […]
* US stock markets sold down again, weigh down by the energy sector, which fell -4.1% last week, due to concern over geopolitics in Europe.* European stock markets edged higher, snapping a four session losing streak, as earnings were better, but there are still concerns over financial contagion and the escalating violence in the Middle East and Ukraine.* Asian stock […]
* US stock markets recovered thanks to corporate earnings and as energy stocks saw some bargain hunting after falling -4.1% last week.* European stock markets eased again overnight, following their worst week in two years, as earnings disappointed, while concerns simmered over financial contagion and the violence in the Middle East and Ukraine escalated.* Asian stock markets rose, led by […]
* US stock markets surged on the open and held on to those gains through to the close, as once again geopolitics took a back seat to the news of better US corporate earnings.* European stock markets rebounded overnight, snapping a three session losing streak, as traders set aside their concerns over the downed Malaysian flight and the Ukraine and […]
Benchmarks ended higher on Wednesday boosted primarily by encouraging minutes of the FOMC meeting. Federal Reserve officials discussed how the central bank will end its easy monetary policy. Policy makers will end the asset purchase program by October provided the economy shows signs of strength. They also clarified that this was not an indication that rates would be hiked immediately. […]
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 […]
If You Sold in May and Went Away, You Missed Quite a Rally in the U.S.
The old adage suggests to stash your cash in the mattress in May, but it appears the bull U.S. equity market has no respect for the calendar, with the S&P returning 2.1% in the month of May and rewarding investors who were along for the […]
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 […]
Benchmarks closed Friday’s trading session with modest gains as optimism from Wednesday’s policy statement spilled over into a second successive day. Friday’s modest gains helped the S&P 500 to close at a record high for the third straight day. The Dow also extended its winning streak to six sessions; it’s longest since December 2013. The blue-chip index also settled at […]
