Originally published May 30, 2014 at 7:12 AM | Page modified May 31, 2014 at 3:13 AM
NEW YORK — The stock market closed out May mostly higher Friday, sending two out of the three major U.S. indexes to record highs.Trading was uneven, and indexes moved between small gains and losses for most of the day. A late push […]
Trader John Santiago, right, works on the floor of the New York Stock Exchange Friday, May 30, 2014. Two negative reports on U.S. consumers were pushing stocks lower in early trading Friday. (AP Photo/Richard Drew)NEW YORK (AP) — Stocks were mostly unchanged Friday as investors reacted to two negative economic reports that focused on U.S. consumers. Lions Gate Entertainment plunged […]
Merger and acquisition activity in the food industry and better-than-expected initial claims helped benchmarks close in the green on Thursday. Investors chose to focus on the positives rather than on GDP data that showed the economy contracted in the first quarter. Thursday’s gains helped the S&P 500 hit an intraday high and close on a record high for the […]
Benchmarks snapped a four-day winning streak and ended in the red on Wednesday after investors took a breather and retail stocks declined.The day was devoid of any economic data that could impact markets. Investors now await the GDP report scheduled for release on Thursday. For a look at the issues currently facing the markets, make sure to read today’s Ahead […]
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 […]
Benchmarks ended in the positive territory on Friday, following reports of a rise in new home sales. Friday’s gains led the S&P 500 close at a record high and helped the blue-chip index close in the green for the year. Homebuilder stocks were among the biggest gainers for the day. Hewlett-Packard and GameStop’s better-than-expected earnings added to the bullish sentiment. […]
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 […]
Exit from comment view mode. Click to hide this spaceCAMBRIDGE – Big data is made from the digital trail that we leave behind when we use credit cards, mobile phones, or the Web. Used carefully and accurately, these data give us unprecedented scope to understand our society, and improve the way we live and work. But what works in theory […]
Gains in small-cap and high-growth stocks drove benchmarks higher on Thursday and led the S&P 500 close to a record high. The Nasdaq was boosted primarily by gains in bio-tech stocks. Markets also received mixed economic data. While claims for unemployment benefits increased, existing home sales data rose for the first time this year.For a look at the issues currently […]
Benchmarks ended higher on Wednesday boosted primarily by the encouraging minutes from the FOMC meeting. Fed officials discussed monetary tightening while remaining flexible on such a measure. They also discussed approaches to hiking rates, but clarified this was not an indication that rates would be hiked immediately. Meanwhile, gains from consumer discretionary and energy stocks also helped benchmarks finish in […]
