A very interesting day in the markets as the S&P 500 fell 1.46% and the NASDAQ 2.37%. Biotechs were crushed today – we’ve been saying the higher they go the more risk they get as they have been on a mostly interrupted run for 4+ years. That said you just never know when they will correct and even if it’s […]
U.S. indexes were generally positive until the closing minutes when some sort of selling program pushed indexes into the red. The S&P 500 fell 0.17% and the NASDAQ 0.32%. News flow was quiet as existing home sales in February were up 1.2%, to an annual rate of 4.88 million units, slightly below expectations.Fun fact: The S&P 500 has gone 24 […]
TOKYO (AP) — Asian stock markets sagged Tuesday as a manufacturing survey underlined that China’s economic growth is losing momentum.KEEPING SCORE: China’s Shanghai Composite shed 1.3 percent to 3,637.21 and Japan’s Nikkei 225 dropped 0.2 percent to 19,718.56. South Korea’s Kospi lost 0.1 percent to 2,034.38. Hong Kong’s Hang Seng sank 0.6 percent to 24,351.20. Australia’s S&P/ASX 200 rose 0.2 […]
Benchmarks ended in the green on Friday as weaker dollar and encouraging earnings results from Nike boosted investor sentiment. Weaker dollar had a positive impact on oil prices, which in turn helped energy shares move up. The Nasdaq reached a 15-year high and finished above 5k mark on Friday. Moreover, the S&P 500 registered weekly gains for the first time […]
Benchmarks finished mostly lower on Thursday after stronger US dollar adversely affected oil and other commodity prices, dragging down energy and material stocks. The U.S dollar rebounded on Thursday after a sharp decline on Wednesday. While the S&P 500 and the Dow ended in negative territory, gains among bio-tech stocks and Facebook helped the Nasdaq close in the green.For a […]
Benchmarks finished mostly lower on Tuesday as investors grew jittery ahead of FOMC’s statement regarding rate hike. Investors are looking for clues as to when the Federal Reserve will start hiking rates. The Federal Open Market Committee meeting kicked off on Tuesday. Fed officials are expected to begin the rate hike process by dropping the “patient” phrase. While the S&P […]
Strengthening U.S. dollar and a slump in oil prices dragged benchmarks lower on Friday. US crude prices dropped to their lowest levels since Jan 28. Meanwhile, declines in producer prices and consumer confidence added to the bearish sentiment. Benchmarks also posted losses for the third straight week, mostly spooked by sooner-than-expected rate hike fears.For a look at the issues currently […]
Markets extended Tuesday’s losses to end in negative territory yesterday as investors remained concerned about the possibility of a mid-year interest rate hike. Moreover, U.S. dollar continued to gain strength against euro and its other rivals. While, the S&P 500 and Dow finished at their lowest level since Feb 2, the Nasdaq declined to its lowest level since Feb 11.For […]
Benchmarks suffered huge losses on Tuesday as rate hike fears strengthened the U.S. dollar to a multi-year high against major currencies including the euro. Last week’s strong U.S. job numbers injected fears among investors that the Fed may raise interest rate sooner-than-expected. Moreover, stronger dollar had a negative impact on oil prices yesterday. The blue-chip index witnessed its biggest one-day […]
Sellers woke up from the weekend and hit the market hard today with volume soaring along with the US Dollar. The Dow Jones Industrial average fell more than 300 points leading all indexes lower with the Russell 2000 holding up the best. Biotech stocks held up relatively well despite the selling in the broader market. Clearly many traders are worried […]
