Benchmarks snapped two-straight days of solid gains to end in the red on Friday as decline in average hourly wages dented investor sentiment despite strong nonfarm payroll data. Moreover, slump in oil prices after gaining for two-consecutive days also dampened investor confidence. Benchmarks also ended the volatile week in the negative territory.For a look at the issues currently facing the […]
The biotech sector has started 2015 with the announcement of several deals. Both Kite Pharma (KITE – Snapshot Report) and Isis Pharmaceuticals (ISIS – Analyst Report) saw their share prices increasing on collaboration agreements with major companies. Meanwhile, Alkermes (ALKS – Analyst Report) has also started the year on a positive note with encouraging pipeline data.Recap of the Week’s Most […]
Benchmarks finished the first trading session of 2015 almost unchanged while investors received discouraging economic data. Weaker-than-expected reports on U.S. manufacturing and construction dented investor sentiment. The S&P 500 and the Nasdaq closed in negative territory, but the Dow ended its three-straight session losing streak and closed with meager gains on Friday. Meanwhile, benchmarks snapped a two-week winning streak and […]
Benchmarks ended in the red zone on Tuesday as reignited political turmoil in Greece continued to weigh on investor mood amidst low trading volume. Moreover, disappointing home price data also dented investor sentiment. The benchmarks witnessed their 12th lightest trade volume this year on Tuesday. The Dow finished below the 18k mark for the first time after crossing the same […]
Benchmarks mostly settled in the green on Tuesday banking on better-than-expected revision to third quarter GDP numbers. The Dow closed above the 18K mark for the first time ever and notched up a record closing level for the 36th time this year. Almost 119 trading sessions have gone by since the index had crossed the 17K mark. The S&P 500 […]
Benchmarks finished in the red as decline in oil prices dragged down energy shares on Friday, offsetting positive consumer sentiment data. Moreover, dismal economic data from China also dented investor confidence. The S&P 500 and the Dow registered their biggest weekly losses since May 2012 and Sep 2011, respectively.For a look at the issues currently facing the markets, make sure […]
Benchmarks rebounded on Thursday propelled by better-than-expected retail sales data and an impressive initial claims report. The indices made a comeback from the slump they suffered a day earlier and in fact the bearish mood that mostly prevailed through this week. However, some of the day’s gains were eroded post noon by the concerns over the US crude futures falling […]
Benchmarks ended Tuesday’s trading session on a mixed note as investors remained concerned about the global economy and political turmoil in Greece. People’s Bank of China’s move to tighten rules on loans and unexpected declaration of presidential elections in Greece dented investor sentiment. However, the S&P 500 and Dow erased much of the initial losses, banking on a rally in […]
Benchmarks started the week on a dismal note after a slump in oil prices and disappointing overseas economic data dented investor sentiment. Energy shares were hit hard after oil prices plunged to a five-year low over continued concerns of oversupply. Moreover, discouraging China’s trade numbers, contraction of Japan’s economy and less-than-expected expansion in Germany’s industrial output has raised concerns of […]
Strong service sector numbers and modestly impressive job data helped benchmarks to finish in the green zone on Wednesday. This was the second consecutive day of gains for the indices. Moreover, rally in energy shares following rebound in oil prices and solid gains in materials stocks also boosted investor confidence. The S&P 500 reached its 48th record high this year […]
