It’s a funny old world when the home address of capitalism takes its orders from 1.3 billion communists who are even cheaper than IKEA, but dodgy manufacturing data in China did indeed set the tone for a terrible session on Wall Street. US stock markets thus continued their difficult start to 2014, with a triple-digit drop in the Dow (INDEXDJX:.DJI) […]
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 […]
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 […]
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 […]
Benchmarks ended in the red once again yesterday, hurt by mixed economic numbers. The third-straight decline for S&P 500 meant this was the index’s worst start to any year in about 10 years. Service sector data indicated a slowdown, while new orders for factory goods improved. Among the sectors, technology and consumer discretionary were among the biggest laggards, while financials […]
Markets’ volatile run on Friday ended with the S&P 500 and Nasdaq ending in the red, while the Dow managed to close in the positive zone. Investors weighed lower-than-expected domestic vehicle sales and Fed official Charles Plosser’s warning of “aggressive” rate hike against Fed chairman Ben Bernanke’s defense of the central bank’s economic measures. The S&P 500 ended in the […]
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With less than a week left in what has been the best year for the S&P 500 since 1997, we have reviewed our top Wall Street firms for their stocks priced under $10 that may have gigantic upside potential for 2014. Investors that carve out part of their investment capital for these top stocks to buy may be in for […]
The Christmas week started on a positive note as the Dow and S&P 500 hit all-time highs buoyed by news of a key deal involving Apple and consumer sentiment reaching a five-month peak. The all-day bullish sentiment was also aided by indications from IMF that it would upgrade the U.S.’s economic outlook. The tech-laden Nasdaq also listed itself in the […]
