Benchmarks ended lower on Tuesday as investors booked profits on a day devoid of major economic developments. Rise in US wholesale inventories and job openings in January provided little excitement to the investors. On top of that, a fall in small business sentiment somewhat damaged the mood. In the retail segment, the deal between Jos A Bank […]
Benchmarks ended Thursday’s trading session on a mixed note. The S&P 500 and Dow ended in the green after the Central Bank of United Kingdom and the European Central Bank kept key lending rates unchanged. Investors also focused on a drop in initial claims. The slight gains helped S&P 500 to move up to another record high; the 50th instance […]
US stocks soared on Tuesday as fears of confrontation between Russia and Ukraine subsided. The S&P 500 jumped the most this year to reach a record high after Russian President Vladimir Putin said there he saw no need to use armed forces in Crimea for the moment. Following this news, investors were confident enough to invest in equities rather than […]
Escalating political tension between Ukraine and Russia over the Crimean region dragged the benchmarks down to their worst selloffs in about a month. Concerns that the movement of Russian troops in the Crimean region of Ukraine may lead to larger conflict saw investors moving to the safe havens. Encouraging reports on ISM Manufacturing Index, construction spending and personal income failed […]
Benchmarks closed with marginal gains on Wednesday, despite reports of a rise in new home sales. Homebuilder stocks were among the biggest gainers for the day. Lowe’s and Target’s better-than-expected earnings also somewhat improved sentiment. However, investors waited eagerly for Fed chairwoman’s Janet Yellen’s semiannual testimony speech.For a look at the issues currently facing the markets, make sure to read […]
Merger and acquisition activities and a rally in health insurers took benchmarks to their record highs on Monday. A buoyant German confidence report also had a positive impact on the markets. The benchmarks ended in the green with the S&P 500 briefly reaching its all-time high. The Nasdaq ended the day at a fourteen-year high.For a look at the issues […]
CORN ETN Technical Analysis – Potential Head And Shoulders Bottom Chart Formationby Olivier on February 20, 2014I recently went long the JO – Coffee ETN mostly because of purely technical reasons. The bullish flag chart pattern was one of the most obvious ones I came across in quite a while. Still I didn’t expect such fireworks in such a short amount […]
Investors focused on some encouraging earnings results and better-than-expected consumer sentiment gauge numbers to help drive benchmarks into the positive zone on Friday. Gains on Friday came despite a surprise drop in industrial production data. Eventually, Nasdaq soared to its best level since July 2000 and benchmarks had their best weekly run this year.For a look at the issues currently […]
Federal Reserve Chairwoman Janet Yellen’s pledge to keep interest rates low led benchmarks sharply higher on Tuesday. Yellen also said the central bank will continue with tapering of the market-friendly economic stimulus plan. Yesterday’s gains extended benchmarks’ bullish run into the fourth day, the longest one this year.For a look at the issues currently facing the markets, make sure to […]
Investors refrained from placing big bets on Monday ahead of Federal Reserve Chair Janet Yellen’s first testimony before lawmakers. As a result, benchmarks closed almost at the same levels at which they opened the trading session. A lackluster quiet trading session saw hardly any action on the economic front. No major economic reports which could influence benchmarks were released.For a […]
