Eurozone backs Greek reforms, enabling €172bn rescue extensionPublished time: February 24, 2015 09:43Edited time: February 24, 2015 15:03Get short URLReuters / Yves HermanTagsFinance, MarketsGreece’s eurozone creditors have approved the reform plan it put forward, which paves the way for the country’s €172 billion bailout to be extended until June.“National procedures for extension of the Greek programme can begin,” EU Euro […]
In a repeat of a dynamic that dominated trading early last year, investors piled into stocks Thursday as Russia signed up for another cease-fire deal in Ukraine while negotiations between Greece and the European establishment suddenly became less acrimonious. While no deal has been announced, the bureaucrats have been making noises about agreeing to the outlines of an agreement which, […]
VIDEO UPDATE: Market analysis + CANSLIM stock picks.Thursday was a strong day for indexes as they gapped up at the open and buyers were firm all day. The S&P 500 gained 0.96% and the NASDAQ 1.18%. As expected it seems all those threats from Greece on their debt are falling away as most expected. This has been a pattern for […]
Benchmarks rebounded on Tuesday after registering losses in the last two sessions as easing concerns about Greece’s debt negotiations boosted investor confidence. Moreover, encouraging earnings results from Coca-Cola and impressive performance of Apple also helped markets post solid gains. However, slump in oil prices eroded some of the day’s gains. The S&P 500 reached its highest level in 2015 till […]
The bulls were large and in charge on Tuesday as investors ignored renewed weakness in crude oil and a worsening situation in Ukraine to bid stocks higher ahead of Wednesday’s big Eurogroup meeting at which Greece’s proposal to renegotiate its bailout program will be discussed.In the end, the Dow Jones Industrial Average gained 0.8%, the S&P 500 gained 1.1%, the […]
Benchmarks ended in the red on Friday after fresh concerns about Greece’s debt negotiations offset encouraging job report. Meanwhile, rise in possibility of rate hike in mid-2015 due to improving labor market conditions dented investor sentiment. However, markets ended the week in positive territory despite Friday’s losses.For a look at the issues currently facing the markets, make sure to read […]
Jeff Sprecher, chief executive of the US exchanges operator, acknowledged the fragmented, regulated world of equities trading was not “ever going to be wildly profitable”, but added the value of the NYSE lay in its listings franchise and data business.”I don’t know why we would get rid of that. I think our shareholders want to participate in the earnings growth […]
Benchmarks finished mostly lower on Wednesday after the ECB refused to accept Greek bonds as collateral for central bank loans. Meanwhile, oil prices snapped a four-session winning streak and settled in the red, hurting energy shares. The S&P 500 and the Nasdaq snapped their two day rally. However, the Dow was able to end in positive territory banking on Walt […]
ECB’s Greek ploy grabs Gartman’s attention
Discussing how earnings; Europe and oil impacted today’s trade, with Dennis Gartman of the Gartman Letter; CNBC contributor Herb Greenberg and CNBC’s Jeff Cox.
The rocky market action of the past week or so has prompted noted investor Dennis Gartman to issue a warning to his fellow investors: Be careful.”Use puts, use positions to defend yourself. […]
The market was looking solid until the ECB headline on Greek debt. Biotech stocks were hit hard to start the day with disappointing earnings set the tone for the NASDAQ early on. The Dow Jones Industrial average erased early losses due to a boost from DIS after the company posted better than expected earnings. Buyers were certainly out in full […]
