Investors nudged U.S. stocks into positive territory Monday, thanks in part to another round of corporate couplings.Three proposed acquisitions, including medical device maker Medtronic’s $42.9 billion bid for rival Covidien, helped the market eke out a slight gain for the second trading day in a row.Homebuilding stocks also got a boost from […]
A spike in crude oil prices and discouraging economic data dragged the benchmarks down on Thursday. Investors were worried about the extent to which the Iraq crisis could affect the nation’s oil supply. Moreover, less-than-forecasted retail sales growth and an unexpected rise in unemployment benefits also dented investor sentiment. The S&P 500 dropped for three-consecutive days for the first time […]
Benchmarks dropped the most in three weeks on Wednesday after World Bank lowered projections for global economic growth. The Dow snapped a four-day rally of record high closes. The blue-chip index also closed 157 points away from its key technical level of 17,000. The Nasdaq also ended a five-session winning streak. The S&P 500 recorded its biggest one day percentage […]
Benchmarks ended Tuesday’s trading session little changed after investors took a breather. However, the minute gains helped the blue-chip index close at a record level for the tenth time this year. The S&P 500 snapped a four-day winning streak and ended in the red as investors focused on stock valuations. An increase in job openings and a rise in U.S […]
Editor’s note: Article originally published on May 19, 2014Today I want to examine the relationship between Gross Domestic Product (GDP) and stock market returns. The purpose will be to determine if periods of strong economic growth correlate to strong stock market returns. Does looking at the macro economic data help or hinder you as an investor?Let’s look at the data […]
Merger and acquisition activities and a rally in small-cap stocks propelled benchmarks to record highs on Monday. New deals between Analog Devices and Hittite, Hillshire Brands and Tyson Foods, and Merck and Idenix lifted investor sentiment. Meanwhile, news that Carl Icahn has a 9.4% stake in Family Dollar was also a catalyst. The S&P 500 ended at another high; the […]
Benchmarks scored record highs yet again on Friday banking on encouraging May’s nonfarm payroll report. The S&P 500 ended at another high; the eighteenth one this year. The blue-chip index also closed at a record level for the eighth time this year. The Nasdaq too closed at a level last seen in late March. Separately, Friday’s gains helped the Russell […]
Originally published June 9, 2014 at 6:27 AM | Page modified June 9, 2014 at 11:02 PM
NEW YORK — Call it the ho-hum market. Another day, another record high.News of a handful of corporate deals sent some stocks jumping Monday. And Family Dollar climbed following news that investor Carl Icahn has taken a stake in the company.With […]
Hello!I’m Andrew Smithers; I studied economics at Cambridge and used to run the fund management business at S G Warburg which became Mercury Asset Management and is now BlackRock.I set up Smithers & Co in 1989 as an economics consultancy. Much of the comments on economics and markets that I read as a fund manager struck me as nonsense and […]
Benchmarks ended Friday’s trading session little changed following mixed economic reports. While reports on personal income and Chicago PMI numbers were positive, personal consumption expenditure dropped in April for the first time this year. The Nasdaq ended in the red due to declines in tech-bellwethers and bio-tech stocks. However, benchmarks ended in the green for the week and posted their […]
