Benchmarks settled in the red on Monday as investors refrained from placing big bets ahead of the second-quarter earnings season. The blue-chip index and the S&P 500 snapped their three-day record rally on Monday. The Nasdaq ended in the red zone, dragged down by declines in bio-tech and Internet stocks.For a look at the issues currently facing the markets, make […]
Benchmarks scored record highs yet again on Monday following encouraging ISM manufacturing data. Initially, benchmarks made losses owing to erroneous manufacturing data, but they rebounded once a correction was made which showed the index had grown at its fastest pace this year. Monday’s gains helped the S&P 500 close on a record high for the 15th time this year. The […]
Merger and acquisition activity and expectations that ECB will reduce key lending rates helped benchmarks end higher on Tuesday. Tuesday’s gains led the S&P 500 to a record high for the second straight session. The Nasdaq reached its highest level in almost eight weeks boosted primarily by gains in the technology sector. The day’s encouraging economic numbers on manufactured durable […]
Current Affairs News:AdvisorShares: Market rise sheds light on investor bias
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The Dow and the S&P 500 closed at record highs on Monday primarily boosted by gains in Internet and bio-tech stocks. Merger and acquisition activity in the food industry too boosted investor sentiment. The day’s economic report was limited to Treasury budget, which reported a surplus of $107.0 billion.For a look at the issues currently facing the markets, make sure […]
Benchmarks ended Thursday’s choppy session mostly lower, dragged down by late selloffs in the utilities and energy sectors. The S&P 500 and the Nasdaq closed in the red, while Dow managed to finish in the green. The late selloff eroded the day’s earlier gains that came on the back of encouraging initial claims data and dovish comments from ECB President […]
Upbeat earnings results and gains in high-growth stocks helped benchmarks close in the green on Tuesday. Merck, Sprint, Amreprise Financial and Cummins posted better-than-expected quarterly results. A fall in consumer confidence and rise in home prices had little impact on investor sentiment as they are now focusing on the outcome of the FOMC meeting on Wednesday.For a look at the […]
Benchmarks finished in the green on Tuesday after blue-chip companies Coca-Cola and Johnson & Johnson reported upbeat quarterly results. Investors also remained focused on the recent developments in Ukraine. The day’s mixed economic data on urban consumer prices in March and a survey on manufacturing conditions for New York manufacturers in April had little impact on the benchmarks.For a look […]
Another day of selling pressure in bio-tech and technology stocks dragged the benchmarks down on Friday. Also, disappointing corporate earnings weighed on the markets. However, higher wholesale prices in March and an increase in preliminary consumer sentiment in April failed to restrict the day’s loss.For a look at the issues currently facing the markets, make sure to read today’s Ahead […]
Benchmarks ended in the red zone yesterday, once again dragged down by declines in momentum and bio-tech stocks. The bearish mood weighed on Nasdaq the most as it suffered the largest decline in two and half years. Separately, discouraging Chinese trade data unnerved investors. The day’s positive economic data on unemployment benefits failed to restrict the day’s loss.For a look […]
