Markets rebounded from day’s initial losses as investors overlooked weak consumer and labor data to focus on strong earnings numbers. Also lifting the mood was news that Time Warner Cable was being bought by Comcast. However, the day’s gains were kept in check as Cisco Systems’ dismal sales outlook weighed on all indices. The gains extended Nasdaq’s bullish run into […]
Guidance cuts and lower profits from corporates guided benchmarks mostly lower on Wednesday, ending benchmarks’ four-day rally. However, there were some encouraging corporate results too and they helped restrict losses. Consumer staples stocks were among the biggest losers for the day.For a look at the issues currently facing the markets, make sure to read today’s Ahead of Wall Street articleThe […]
Source: http://www.flickr.com/photos/imosaad/The stock market is an emotional roller coaster that has more drama than a daytime soap opera. When stocks are rising, investors feel too clever for their own good and enter a state of euphoria. When stocks decline, they often hold on in disbelief until they sell at the worst possible moment — the bottom. Either way, investors should […]
Investors overlooked weaker-than-expected nonfarm payroll additions to focus on economic strength in the report; helping benchmarks finish in the green on Friday. Unemployment rate dropped to a five-year low and construction sector showed strong gains. Encouraging earnings from Expedia also helped improve the mood. The two days of gains helped benchmarks rebound from losses to end with weekly gains; the […]
A drop in initial claims and encouraging results from Disney helped benchmarks achieve their best single-day performance since Dec 18. The gains somewhat offset weekly losses and Friday’s session will be crucial to help benchmarks post a rare weekly gain. Consumer discretionary sector was the best performer for the day among the S&P industry groups.For a look at the issues […]
Favorable service sector data failed to add enough strength to the benchmarks yesterday as they suffered another round of losses. A choppy session saw the benchmarks open lower, followed by S&P 500 and Dow’s momentary halts in the green zone, after ultimately closing in the red. Separately, private employers were reported to have added lesser jobs than expected.The Dow Jones […]
Dismal earnings results and weak forecasts weighed heavily on the benchmarks once again, dragging them down on Friday. Markets finished in the red to post their worst monthly performance in over a year. It was also the benchmarks’ first monthly decline since last August. Energy and consumer discretionary sectors were among the biggest losers on Friday.For a look at the […]
Investors who dismissed some hoary market rules of thumb last year as old wives’ tales did pretty well. Does that mean it makes sense to ignore the cautionary message of the so-called January Barometer following a decidedly weak first month of 2014?In 2013, on the way to as 30% ascent, the Standard & Poor’s 500 Index (GSPC) refused to ratify […]
Stocks closed mostly lower on Tuesday, with Wall Street pausing after a two-session rise, as data showing the services industry expanded more-than-expected in October offset softer economic headlines from Europe. “When the market gets to these levels, near all-time highs, it’s almost like the whole market is saying, ‘when is the next shoe going to drop?’ so I just think […]
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