by Charles Hugh-Smith The trade only works if everyone is lulled into staying on the long side until it’s too late.Let’s try a thought experiment: suppose we’re players in the stock market, Wall Street insiders with real leverage and connections to the Fed. You know, the kind of player who can reverse a decline in the S&P 500 with an order […]
Originally published July 18, 2014 at 6:52 AM | Page modified July 19, 2014 at 3:27 AMInvestors jumped on a wave of strong corporate financial results Friday, propelling stocks higher for the third time in five days.The gains wiped out much of the market’s losses from the day before, when the downing of a Malaysian Airlines passenger jet in eastern […]
NEW YORK Major stock indexes rebounded Wednesday, finishing higher for the third time in four days and lifting the Dow Jones industrial average to its second record close this month.Investors had lots of market-moving news to consider, including encouraging corporate earnings from Intel, a higher profit forecast from hospital operator HCA Holdings and a pickup in U.S. homebuilders’ confidence.Trading appeared […]
NEW YORK Major stock indexes rebounded Wednesday, finishing higher for the third time in four days and lifting the Dow Jones industrial average to its second record close this month.Investors had lots of market-moving news to consider, including encouraging corporate earnings from Intel, a higher profit forecast from hospital operator HCA Holdings and a pickup in U.S. homebuilders’ confidence.Trading appeared […]
Benchmarks ended higher on Wednesday boosted primarily by encouraging minutes of the FOMC meeting. Federal Reserve officials discussed how the central bank will end its easy monetary policy. Policy makers will end the asset purchase program by October provided the economy shows signs of strength. They also clarified that this was not an indication that rates would be hiked immediately. […]
Benchmarks ended Thursday’s trading session in the red following St. Louis Fed president James Bullard’s comments on a rate-hike. Bullard expects the key interest rate hike to take place sooner than anticipated. The blue-chip index had dropped as much as 119 points, before trimming losses in the post noon session. Economic data on personal consumption expenditure was weaker-than-expected. However, personal […]
Gains in media stocks helped benchmarks shrug off weak economic data and settle in the green. Investors ignored the biggest contraction of the U.S. economy in the first quarter since early 2009 and also overlooked an unexpected fall in durable goods order. Broadcaster stocks rose on Wednesday after Supreme Court ruled in their favor over start-up online-video service provider, Aereo […]
Benchmarks ended in the red on Tuesday following a late selloff primarily due to mounting tension in Iraq. The blue-chip index suffered its biggest drop in over a month. The S&P 500 settled in negative territory after touching an intra-day all time high of 1968.17. The day’s initial gains, largely a result of encouraging home sales data and an improvement […]
Benchmarks’ upward move continued for the fourth-straight trading day on Wednesday after the Federal Reserve kept its monetary policy “highly accommodative” and suggested there would be no immediate rate hikes. The central bank’s move to trim the bond repurchase yet again by $10 billion was widely accepted as the benchmarks scored their best gains in about four weeks. The S&P […]
Gains in financial and small-cap stocks helped benchmarks shrug off initial losses to end in the green. Stocks had opened in the red owing to dismal housing data. However, improved consumer price data firmed up the US dollar, also leading to expectations of a rate hike. Markets secured their third-straight positive finish on a day when the two-day FOMC […]
