If the January Barometer is any guide, stocks could be in for a rough 2014. The 2013 gain of over 29% in the S&P 500 and the gain of over 26% in the Dow Jones Industrial Average may have simply pulled forward most of the expected gains that could be had in 2014. The Dow is now close to being […]
Strong fourth quarter initial GDP numbers and Facebook’s earnings results helped benchmarks return to their winning ways. In fact, the S&P 500 scored its biggest jump in more than a month and that has put the index on course to post weekly gains. Facebook’s gains also helped push the technology sector higher and it emerged as one of the top […]
Given the recent pullback in broader-market indices, it seems like an appropriate time to add a bit of perspective with the following four nuggets:1. Even after this week’s pullback, the S&P 500 (SPY) is just 3.27% off its all-time high. Similarly the Dow Jones Industrial Average (DIA) and Russell 2000 (IWM) are just 4.27% and 3.21% off their all-time highs. […]
Dismal manufacturing data from China dragged US benchmarks down to heavy losses yesterday. The Dow dipped for the third-straight day yesterday, which was also its worst session since August. None of the positive domestic corporate results could come to the markets’ rescue. Separately, initial claims rose and existing home sales came in below estimates. Financials were the biggest loser yesterday.For […]
REUTERS/Marcos BrindicciTraders work on the Buenos Aires Stock Exchange floor during mid-afternoon trading, May 7, 2004.See AlsoThe Emerging Market Currency Bloodbath In One Horrific ChartArgentina Just Made A Huge Change To Its Currency Policy A Day After Its Peso CrashedTHE GLOBAL 20: Twenty Huge Trends That Will Define The World For DecadesIt’s ugly out there.
Even after Thursday’s 175-point (1%) plunge […]
Earnings results and forecasts from Dow components dragged the blue-chip index lower on Tuesday, while S&P 500 and Nasdaq ended in the green because of other factors. Material stocks ensured that the S&P 500 could avoid its third-straight decline. The day was devoid of any major economic releases but for IMF raising the global economic growth estimate.For a look at […]
Back-to-back gains for the markets drove S&P 500 to another record high yesterday, the first time the index achieved such a feat this year. The gains came on the back of encouraging earnings numbers from the Bank of America and positive manufacturing data. Also, gains in Apple’s stock and a positive Fed’s Beige Book outlook, noting a moderate pace of […]
Tuesday’s trading session was a comeback day for the benchmarks as they recorded their best gains this year just a day after suffering heavy losses. Retail sales data was a big boost for the markets along with gains in the technology sector. The gains eroded most of yesterday’s losses and diluted concerns arising out of Friday’s weaker-than-expected nonfarm payroll data.For […]
Benchmarks tanked significantly on Monday following concerns about corporate earnings numbers and comments from a Fed official hinting at additional tapering. There was hardly any good news for the markets and the triple-digit loss for the Dow dragged it to its worst single-day loss in almost four months. Energy stocks traded lower following a dip in oil prices.For a look […]
Stock Market Choppy Start to New YearStock-Markets / Stock Markets 2014Jan 11, 2014 – 07:19 PM GMTBy: Tony_Caldaro
Quite a choppy week. After Monday’s SPX 1824 low we counted seven small waves between SPX 1830 and 1843. Net progress for the week was mixed in the SPX/DOW, the NDX/NAZ was +0.85%, and the DJ World index gained 0.6%. […]
