Right up until the chart below was prepared, it seemed the key point of this post was going to be that consumer sentiment is holding steady near some its best post-recession levels, but, in looking at the curve below it seems more important to ask what all the hubbub is about in the stock market that, according to some, is […]
Markets snapped two days of losses and ended higher on Friday boosted by encouraging consumer spending data. However, benchmarks lost some of their initial gains as the bio-tech stocks adversely impacted markets in late afternoon. Microsoft’s strong gains following its announcement of launching Microsoft Office on iPads propelled the Dow to end in the green.For a look at the issues […]
Investors’ anxiety ahead of the referendum vote during the weekend in Crimea compelled benchmarks to end in the red on Friday. The tension between Russia and Ukraine along with concerns over a possible slowdown in China impacted the markets through this week. The S&P 500 fell below the key technical level of 1,850 for the second day in a row […]
Another Stock Market Record High With Some Afternoon DramaStock-Markets / Stock Markets 2014Mar 01, 2014 – 03:11 PM GMTBy: PhilStockWorld
Courtesy of Doug Short: Before the US market opened, the Second Estimate of Q4 GDP showed slower growth than previously reported. But the market wasn’t fazed. The S&P 500 rallied for the first hour, assisted by an improvement […]
Chicago PMI and Consumer Sentiment Trigger Stock Market Rally to All-Time High
By Jon C. Ogg February 28, 2014 10:15 am EST
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Friday’s economic reports should not have made much of a dent, nor should they have created much of a bump in the stock market. Gross domestic product (GDP) was a revision for the fourth quarter. Now we have Chicago Purchasing […]
Better-than-expected economic data in the United States this morning have lifted stocks to new all-time highs as Treasuries slide, sending yields racing higher.The S&P 500 index is trading up 0.5% at 1862, a new intraday record high. 10-year U.S. Treasury futures, meanwhile, are 0.4% lower, and the yield on the 10-year note is 2.69%, 5 basis points below Thursday’s close.ISM-Chicago’s […]
Investors focused on some encouraging earnings results and better-than-expected consumer sentiment gauge numbers to help drive benchmarks into the positive zone on Friday. Gains on Friday came despite a surprise drop in industrial production data. Eventually, Nasdaq soared to its best level since July 2000 and benchmarks had their best weekly run this year.For a look at the issues currently […]
So far the overnight session has been a replica of yesterday, with the all important carry trade once again fizzling overnight during Japan trading hours, and dipping as low at 101.60 before staging a modest rebound to the 101.8 level. We expect the “invisible” 102.000 USDJPY tractor beam to be again engaged shortly and provide market support and/or levitate stocks […]
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 […]
Markets were closed on Monday for Martin Luther King Day. Also, no economic data was released. After a mixed finish last week that was dominated by corporate results, investors are bracing for another busy week with 69 S&P 500 companies scheduled to release their performances this week.For a look at the issues currently facing the markets, make sure to read […]
