S&P 500 Futures; Don’t Look Now but the Summer has already started by Danny Riley : Thursday 07:59:24 CTCategories: Charts, Commentary, Our View, S&P 500, The Opening PrintIn the past, a futures trader did not care what day of the week, or month it was. All he or she had to do was show up to the trading floor, jump […]
Benchmarks ended the last trading day of the week in the red following Janet Yellen’s comments that it would be appropriate to raise interest rates sometime this year. Yellen said the economy is well positioned to grow even if weak economic data had indicated the economy was not on a solid footing. Meanwhile, an increase in consumer price index raised […]
Benchmarks ended mixed yesterday after Fed minutes showed officials looked past a June rate hike amid slow economic growth. While the S&P 500 and Dow ended in negative territory, Nasdaq ended in the green boosted by gains in biotech stocks. These three benchmarks had briefly touched their respective closing highs before settling lower.For a look at the issues currently facing […]
Eleven Biotherapeutics (EBIO – Snapshot Report) suffered a huge setback with its lead pipeline candidate failing in a late-stage study. Meanwhile, companies like bluebird (BLUE – Snapshot Report), Agios (AGIO – Snapshot Report) and Acceleron (XLRN – Snapshot Report) all got encouraging news on the regulatory front. Achillion (ACHN – Snapshot Report) struck a collaboration agreement with Johnson & Johnson […]
Benchmarks finished mixed on Tuesday after positive housing numbers raised investor concerns about the timing of a rate hike. Housing starts soared to their highest level in almost seven and a half years in April. While the Dow closed at a record level for the second consecutive session, the S&P 500 and the Nasdaq ended in the red.For a look […]
Benchmarks ended higher on Monday after dismal housing report pushed back the possibility of rate hike in near term. Fed Chicago President Charles Evans also recommended that the Fed should hold back from hiking interest rates until 2016. Gains in Apple’s shares too boosted the broader markets. Monday’s gains helped the S&P 500 close at a record level for the […]
Markets added modest gains on Friday amid discouraging economic data. A flurry of weaker-than-expected economic reports increased expectations that the Fed will refrain from raising interest rates in the near term, which eventually helped the S&P 500 and the Dow end marginally higher. The day’s minute gains were enough for the S&P 500 to close at a record level for […]
Benchmarks ended in the red on Tuesday after volatility in global bond markets made investors jittery. While the German bond yields gained amid selloff in European bonds, U.S Treasury bonds touched the highest level since mid-November.For a look at the issues currently facing the markets, make sure to read today’s Ahead of Wall Street articleThe Dow Jones Industrial Average (DJI) […]
Markets ended the last trading session of the week in the green boosted by upbeat nonfarm payroll data. The benchmarks gained more than 1% on Friday, with the Dow registering its largest one-day percentage gain in more than three months. Friday’s encouraging jobs report also helped the benchmarks finish mostly in positive territory for the week.For a look at the […]
Benchmarks snapped a two-day losing streak on Thursday following easing in bond yields and gains in technology stocks. Meanwhile, a less-than-expected rise in initial claims numbers on Thursday has set the tone for crucial total non-farm payroll data scheduled for release today. Investors are looking forward to the nonfarm payroll report to gauge the timing of the rate hike.For a […]
