NEW YORK (AP) — Oil and gas companies led U.S. stocks up Friday, setting the market up for its first gain in more than a week.KEEPING SCORE: The Standard & Poor’s 500 index rose 16 points, or 0.8 percent, to 2,009, as of 3 p.m. Energy companies led all 10 of the index’s industries to gains, surging 3 percent.The Dow […]
Originally published January 16, 2015 at 5:53 AM | Page modified January 16, 2015 at 4:46 PMNEW YORK —
A surge in oil and gas companies pulled the stock market out of a five-day slump on Friday, as the price of crude swung higher.Oil prices jumped after the International Energy Agency predicted drillers would cut production this year. Exxon Mobil, Chevron […]
Benchmarks mostly settled in the green on Tuesday banking on better-than-expected revision to third quarter GDP numbers. The Dow closed above the 18K mark for the first time ever and notched up a record closing level for the 36th time this year. Almost 119 trading sessions have gone by since the index had crossed the 17K mark. The S&P 500 […]
Stock Trading Alert: No Clear Short-Term Direction As Stocks Fluctuate Along Record HighsBy: Paul Rejczak | Wed, Nov 26, 2014SharePrintEmailStock Trading Alert originally published on November 26, 2014, 6:26 AM:Briefly: In our opinion, speculative short positions are favored (with stop-loss at 2,085 and profit target at 1,950, S&P 500 index).Our intraday outlook is bearish, and our short-term outlook is bearish:Intraday […]
The stock market drifted mostly higher Friday afternoon, as investors weighed a mixed picture of the U.S. economy against better-than-expected company earnings. Trading was light ahead of the Labor Day holiday weekend.KEEPING SCORE: The S&P 500 rose three points, or 0.2 percent, to 2,000 as of 2:18 p.m. Eastern time. The Dow Jones industrial average slipped nine points, or 0.1 […]
Benchmarks ended Friday’s session on a mixed note after renewed tension between Ukraine and Russia unnerved investors. Ukraine forces destroyed part of a Russian armored column after it entered Ukrainian soil. However, benchmarks recorded their second-straight week of gains.For a look at the issues currently facing the markets, make sure to read today’s Ahead of Wall Street articleThe Dow Jones […]
All three major US stock indexes fell Friday, capping the largest weekly decline in US stock markets in nearly two months. The catalyst for Friday’s sell-off was a very weak series of sales figures and projections from three corporations tied to consumer spending: Amazon, the largest online retailer; Wal-Mart, the largest brick-and-mortar retailer; and Visa, the credit and debit card […]
by Lee Adler, Wall Street ExaminerWhile the media focuses on the meaningless short term squiggles in consumer confidence indicators, I like to look at the long term trend. I like it because US consumers in the aggregate are far better forecasters of markets and the US economy than are the professional economic and financial pundits who are so focused on […]
Sam Ro
Jul. 18, 2014, 9:55 AM
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Flickr / Ray Dumas
The University of Michigan’s preliminary read on consumer sentiment in July was a bit disappointing.
The headline index slipped to 81.3 from 82.5 in June.Economists estimated the headline index would climb to 83.0.The economic conditions sub-index climbed to 97.1 from 96.6.However, the outlook sub-index fell to 71.1 from 73.5.”The rise in gasoline prices […]
Technology and small-cap stocks ensured a positive finish for benchmarks on Friday. However, gains were kept in check following a drop in DuPont’s stock. Shares of the company declined after it cut its operating profit forecast for the second quarter and the full year 2014. Markets also received positive economic data on consumer sentiment. Benchmarks had a mixed finish for […]
