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 […]
U.S. indexes were in the red all day today as some quite miserable economic data didn’t do the normal trick of making everyone happy because it means the Federal Reserve will never raise rates in our lives. The S&P 500 fell 0.37% and the NASDAQ 0.63%. The Federal Reserve Open Market Committee released its meeting statement on Wednesday afternoon that […]
After tacking on another 2.5% over the past few weeks, the S&P 500 (SPX) scratched out a fresh record high heading into the final four trading days of April.But another steady drip of earnings reports—kicked off by Apple’s (NASDAQ: AAPL) post-close release on Monday—and the latest glimpse into the mind of the Federal Reserve could potentially test stock rally conviction.Apple’s […]
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Federal law enforcement officials have charged a United Kingdom man with manipulating the stock market and triggering the 2010 “Flash Crash.”
The Federal Bureau of Investigation said Navinder Singh Sarao, 37, was arrested Tuesday in the U.K. and charged with multiple counts of fraud.Prosecutors say Sarao used illegal trading techniques that contributed to an abrupt stock market crash on May 6, […]
Markets Care About Money PrintingWhile the Federal Reserve has ended its quantitative easing (QE) program, central banks in Europe and Asia continue to implement ultra-easy monetary policies, which provide a tailwind for foreign stock markets. China announced additional economic stimulus last Sunday and more may be on the way. From The Wall Street Journal:
China’s central bank has long been critical […]
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 higher on Wednesday following rise in oil prices and upbeat earnings results. While, energy shares gained as domestic crude oil price closed at the highest level this year, investors cheered mostly positive first quarter earnings results. Meanwhile, European Central Bank’s decision to keep interest rates unchanged while continuing with its asset purchasing program added to the bullish sentiment.For […]
Benchmarks ended Monday’s trading session in the red as investors feared a stronger dollar and weaker oil prices may affect first quarter earnings results. Investors were also apprehensive about the timing of the Federal Reserve’s decision to hike federal funds rates.For a look at the issues currently facing the markets, make sure to read today’s Ahead of Wall Street articleThe […]
NEW YORK — Expectations that the Federal Reserve will be slow to raise interest rates, spurred by a weak jobs report last week, helped send the stock market up Monday. A jump in the price of crude oil set off a rally in energy stocks.The stock market was closed Friday, the day the Labor Department reported that employers added just […]
