Benchmarks ended mostly in the red after gaining for four consecutive days as materials stocks finished in the negative territory. Moreover, dismal outlook from United Parcel Service had a negative impact on benchmarks. However, benchmarks ended in the green over the week for the first time in four weeks mainly due to the European Central Bank’s announcement of monetary stimulus […]
Shares of brokerage firm – E*TRADE Financial Corporation (ETFC – Analyst Report) rose 4.24% in after hours trade following the release of its impressive fourth-quarter 2014 results on Jan 22, after the market closed. Driven by strong trading activity, E*TRADE delivered a positive earnings surprise of 13% in the quarter, marking the fourth straight quarter of earnings beat.Earnings per share […]
Benchmarks gained for the third-straight session on speculation that ECB might provide more stimulus measures to boost the Eurozone economy. The European Central Bank’s (ECB) executive board has proposed a bond-buying program of about 50 billion euros per month in order to combat concerns over deflation in the Eurozone. ECB is expected to unveil a large-scale bond-buying program on Thursday […]
Benchmarks ended Tuesday’s choppy trading session in the green led by gains from technology shares. Investors also remained focused on ECB’s meeting scheduled for Thursday. ECB is expected to unveil a bond-buying program in order to boost Eurozone’s economy. Investors also kept an eye on fourth-quarter earnings results of major companies including Halliburton, Baker Hughes, Johnson & Johnson, Morgan Stanley […]
Benchmarks ended in negative territory for the third-straight session on Tuesday erasing solid initial gains as another slump in oil prices weighed on energy shares. In the opening hours, markets were boosted by Alcoa’s encouraging earnings results and possibility of implementation of monetary stimulus in the Eurozone. The Dow declined around 400 points from its day’s high yesterday, witnessing its […]
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 […]
Benchmarks finished almost unchanged on Tuesday as investors received mixed economic data while a slump in oil prices dragged energy shares down. While revised third-quarter GDP came in better-than-expected, data on consumer confidence and home prices were discouraging. The S&P 500 and the Dow snapped a three-session winning streak and ended in the red, but the Nasdaq settled in the […]
Markets retreated from record highs on Wednesday to finish in the red as Fed minutes failed to provide any clear indications about a possible rate hike. Moreover, mixed housing data also weighed on investor sentiment. However, upbeat earning results helped retail stocks to post solid gains on Wednesday.For a look at the issues currently facing the markets, make sure to […]
Rally in healthcare stocks and easing global growth worries boosted benchmarks to finish in the green on Tuesday. Improved investor confidence data from Germany and positive news from Japan reduced worries about the global growth. Encouraging economic data also lifted investor confidence. The S&P 500 and Dow finished at a record high yesterday.For a look at the issues currently facing […]
Biotech stocks and the related ETFs have been the star performers this year despite some temporary glitches and rough trading in between. Encouraging industry trends, increasing merger and acquisition activities, expansion into emerging markets and ever-increasing health care spending led the sector to easily outperform the broader U.S. equity markets.Though lofty valuations and regulatory concerns did bring in some pain […]
