Technology stocks drove the Nasdaq to a 13-year high, but the Dow and S&P 500 dropped into the red on Black Friday. Both the Dow & S&P 500 had opened higher and the latter touched an intra-day high before they both closed in negative territory during a short trading session. Technology emerged as the biggest gainers among the S&P 500 […]
Benchmarks ended on a mixed note yesterday after clinching new records over the past two trading days. Dismal housing sales data arrested whatever buoyancy was achieved from the Iran nuclear deal. At one point during the trading day, the Nasdaq had moved beyond 4K for the first time since 2000, but finally lost out on much of the day’s gains. […]
Boston, MA, 11/26/2013 (nysepost) – A couple in Calgary have flung accusations at General Motors Company (NYSE:GM) after they purchased a Chevy Cruze. The accusation is that the vehicle guzzles 50% more gas than what had been advertised by the automaker. Farah Mocquais, the owner of the vehicles said that she feels strongly cheated.Pierre-Yves, her husband said that instead of saving […]
Encouraging economic reports through last week helped indices post a number of records on Friday. The S&P 500 closed above 1,800 for the first time and the blue-chip index recorded its longest stretch of weekly gains in three years. The tech-laden Nasdaq also joined the party, hitting a new 13-year high. The health care sector was the biggest gainer among […]
One of the more reliable indicators of stock market sentiment is Citi’s proprietary Panic/Euphoria model.”This week’s Panic/Euphoria reading was 0.52; versus last week’s revised number of 0.49, which points to two weeks in a row of euphoric signals, matched by increased money flows,” said Citi’s Tobias Levkovich in a note to clients on Friday.This is a contrarian indicator, which means […]
Amazon.com (NASDAQ:AMZN) announced Black Friday deals will start a day earlier this year, beginning on Sunday, November 24, with new daily deals — as often as every ten minutes. Customers can also enjoy free shipping on millions of eligible items including leading electronics and some of the most anticipated toys, or unlimited Free Two-Day Shipping on more than 15 million […]
Dismal earnings numbers from Campbell Soup and a cautious profit forecast from Best Buy dragged the major indices into negative territory on Tuesday. The Dow moved away even further from the milestone level achieved on Monday. The S&P 500 incurred its first two consecutive days of losses this month. Meanwhile, Federal Reserve Chairman Ben Bernanke said the central bank will […]
The Dow and S&P 500 finished Thursday’s trading on new highs following Janet Yellen’s comments during her Senate confirmation hearing. Yellen suggested that the Federal Reserve’s soft monetary policy could continue until the economy shows signs of significant strength. A couple of economic reports were released yesterday. Initial claims slipped, declining for the fifth time in a row. Among the […]
DragonWave (NASDAQ:DRWI) announced the commercial availability of its 60 GHz technology in the Horizon Compact+ and Avenue Link product lines.GT Advanced Technologies Inc (NASDAQ:GTAT) Shares have gained 4.72% to $10.44. Over the last twelve months, the stock has gained 197.72% and past five days performance showed positive change of 6.09%. The stock daily volume was 7.22M as compared to average […]
I grew up in and still live in the South. During the dog days of summer in July and August, when folks say, “It’s not the heat, it’s the humidity,” believe me, it’s the heat AND the humidity.Everything wilts. People move more slowly. Business slows down a little, too. There’s a real and noticeable effect.The fixed-income markets — represented by […]
