The Federal Reserve’s upbeat view on the economy’s prospects and their decision to further trim the monthly bond repurchase plan helped benchmarks end higher on Wednesday. The day’s initial decline owing to weak first-quarter economic growth was completely offset by the time markets closed. The Dow closed at a record high and the S&P 500 closed just 7 points […]
Upbeat earnings results and gains in high-growth stocks helped benchmarks close in the green on Tuesday. Merck, Sprint, Amreprise Financial and Cummins posted better-than-expected quarterly results. A fall in consumer confidence and rise in home prices had little impact on investor sentiment as they are now focusing on the outcome of the FOMC meeting on Wednesday.For a look at the […]
Benchmarks finished Monday’s choppy run mostly higher as investor sentiment following new deals in the health care sector, positive pending home sales data and intense selling pressure on internet stocks. While merger and acquisition activity in the health care sector helped the S&P 500 and Dow close in the green, the Nasdaq ended in negative territory due to decline in […]
By Anora Mahmudova, MarketWatch
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Benchmarks ended mostly in the green on Thursday driven by encouraging corporate results and higher-than-expected economic numbers. The Nasdaq was boosted by strong gains in Apple, a day after it reported better-than-expected earnings. However, the Dow finished flat after Verizon Communications and 3M Company’s disappointing first quarter earnings restricted its advance. Meanwhile, there were reports of military tension near the […]
TraderFeed: Three Perspectives on Stock Market Strength
Three Perspectives on Stock Market Strength
The cumulative line of NYSE TICK has once again hit all-time highs, as large cap indexes now stand close to their own high water marks. Overall, I am not seeing a change in the bull market dynamics, though there has certainly been a high degree of sector rotation.The […]
Benchmarks ended in the green zone yesterday as investors were encouraged by better-than-expected corporate earnings results. Halliburton, Hasbro, Kimberly-Clark and SunTrust Banks reported upbeat quarterly results. Also, an increase in Conference Board’s leading economic index somewhat added to the bullish mood. The S&P rose for five straight sessions, its longest winning streak since October 2013.For a look at the issues […]
European markets and select Asian markets were closed today for holidays. This led to a much more subdued trading day than usual. Trading volume on the NYSE Composite was about 77% of its average from the last 10 days, and futures volumes were even less. The S&P 500 (INDEXSP:.INX) opened near the flat-line and traded up about 0.3% […]
Benchmarks finished hardly changed on Thursday as investors received mixed corporate results as well as encouraging economic data. Morgan Stanley, General Electric, Goldman Sachs and Pepsi reported upbeat quarterly results. However, the Dow closed in negative territory following IBM and UnitedHealth Group’s dismal earnings report. Google’s disappointing earnings also weighed on the markets. Positive economic data on […]
Benchmarks ended higher on Wednesday primarily boosted by encouraging industrial production data and better-than-expected Chinese economic data. Yahoo’s higher revenues also contributed to the bullish mood. Fed Chairwoman Janet Yellen’s speech in New York was another positive factor yesterday.For a look at the issues currently facing the markets, make sure to read today’s Ahead of Wall Street articleThe Dow Jones […]
