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 […]
Investors refrained from placing big bets on Monday ahead of Federal Reserve Chair Janet Yellen’s first testimony before lawmakers. As a result, benchmarks closed almost at the same levels at which they opened the trading session. A lackluster quiet trading session saw hardly any action on the economic front. No major economic reports which could influence benchmarks were released.For a […]
Start Trading Gold Now!
By: DailyForex.comGold prices rose %1.9 over the course of the week as dull economic numbers out of the United States and skepticism about the sustainability of the stock market rally increased desire for the relative safety of gold. The XAU/USD pair advanced to as high as 1271.59 after data released by the Labor Department showed that the […]
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 […]
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 […]
Everyone is looking for bubbles these days. I, too, am looking for bubbles, so I do not feel alone.The problem is…how do you identify a bubble.Alan Greenspan is famous for saying one time that a bubble cannot be identified, before it bursts! The conclusion he drew from this is that monetary policy cannot fight a bubble…because…if you cannot identify […]
The year started with indices settling in the red on Thursday as investors chose to book profits. Incidentally, after the benchmarks’ record multi-year annual gains in 2013, they started a year in the red for the first time since 2008. The drop came despite a fall in initial claims number, which further underscored economic strength. Tech bellwether Apple was a […]
Encouraging holiday season sales numbers and labor data helped the Dow and S&P 500 continue their record run on Thursday. Initial claims dropped for the week ending Dec 21 and holidays sales were reported to have improved between Nov 1 and Dec 24 period. Positive holiday sales numbers lifted the retail sector into the green and was among the major […]
Stocks slip Thursday on disappointing economic reports.Although the Dow Jones Industrial Average managed to hit new record intraday and closing highs on Thursday, stocks generally declined in the wake of an awful report on initial unemployment claims from the Department of Labor. Initial claims for the week ending December 14 climbed by 10,000 to a dismal, 379,000. The four-week moving […]
Stock Market VIX Shows Biggest Drop Since Mid-August
Stock-Markets / Stock Markets 2013Dec 16, 2013 – 05:37 AM GMTBy: Submissions
Richard Cox writes: The benchmark index that is used to price US stock options started to show declines on Friday for the first time in eight trading sessions, as positive economic data supported equity markets in […]
