Massive decline in technology stocks following earnings releases from Apple and Microsoft dragged major benchmarks to negative territory for the second-consecutive day. Meanwhile, another slump in oil prices also weighed on energy shares, which in turn had a negative impact on markets. However, encouraging existing home sales data boosted housing stocks on Wednesday.For a look at the issues currently facing […]
Benchmarks ended marginally higher on Thursday following mixed economic data. While reports on housing, manufacturing and labor market were discouraging, Conference Board’s leading economic index was up for April. The day’s mostly weaker-than-expected economic data increased expectations of delayed rate hike, which eventually helped the S&P 500 to close at a record high.For a look at the issues currently facing […]
Benchmarks ended mixed yesterday after Fed minutes showed officials looked past a June rate hike amid slow economic growth. While the S&P 500 and Dow ended in negative territory, Nasdaq ended in the green boosted by gains in biotech stocks. These three benchmarks had briefly touched their respective closing highs before settling lower.For a look at the issues currently facing […]
Benchmarks were little changed on Wednesday amid discouraging retail sales numbers and rise in bond yields. While disappointing retail sales figures in April dragged the S&P 500 and the Dow into negative territory, gains in bond yields across the U.S. and Europe made investors nervous. Separately, a drop in DuPont’s shares weighed on the Dow. However, the Nasdaq bucked the […]
Benchmarks ended in the green for the second straight session on Monday boosted by a handful of upbeat earnings results. Meanwhile, investors continued to focus on economic data to gauge the timing of an interest rate hike. An expansion in the Eurozone’s manufacturing activity in April also boosted investor sentiment. The S&P 500 touched its highest level since Apr 28 […]
Benchmarks finished in negative territory on Wednesday on weak GDP report while Fed retained the data-dependent stance regarding rate hike. The U.S. economy expanded at a slower pace in the first quarter due to severe winter weather, major disputes in ports and stronger dollar that adversely affected export-oriented companies. Meanwhile, investors continued to keep an eye on first quarter earnings […]
Benchmarks ended higher on Friday boosted by upbeat quarterly results from Amazon and Microsoft. Friday’s gains helped the S&P 500 and the Nasdaq close at record high levels. Benchmarks also ended the week on a positive note with the Nasdaq registering its biggest weekly gain since Oct 2014.For a look at the issues currently facing the markets, make sure to […]
Benchmarks ended higher on Friday boosted by upbeat quarterly results from Amazon and Microsoft. Friday’s gains helped the S&P 500 and the Nasdaq close at record high levels. Benchmarks also ended the week on a positive note with the Nasdaq registering its biggest weekly gain since Oct 2014.For a look at the issues currently facing the markets, make sure to […]
Benchmarks ended Thursday’s choppy trading session slightly lower following mixed economic data and Fed officials comments on interest rate hike. Upbeat earnings results, well received initial public offerings and rise in oil prices failed to help benchmarks close in the green. While, about two third of the Dow components ended in the red, seven out of ten sectors of the […]
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 […]
